Och-Ziff Capital Management Group LLC (OZM) Forecasted to Post FY2019 Earnings of $0.30 Per Share

Och-Ziff Capital Management Group LLC (NYSE:OZM) – Jefferies Group issued their FY2019 earnings per share estimates for shares of Och-Ziff Capital Management Group in a note issued to investors on Friday. Jefferies Group analyst D. Fannon forecasts that the asset manager will earn $0.30 per share for the year. Jefferies Group has a “Hold” rating and a $3.50 price target on the stock.

Other equities analysts also recently issued reports about the company. BidaskClub downgraded Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $2.50 price objective on shares of Och-Ziff Capital Management Group in a research note on Thursday, July 6th. Finally, Zacks Investment Research raised Och-Ziff Capital Management Group from a “hold” rating to a “strong-buy” rating and set a $3.25 price objective for the company in a research note on Friday, July 14th. Eight research analysts have rated the stock with a hold rating, Och-Ziff Capital Management Group currently has a consensus rating of “Hold” and an average price target of $3.20.

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Shares of Och-Ziff Capital Management Group (NYSE OZM) opened at 3.65 on Monday. The stock’s market capitalization is $676.05 million. The stock has a 50 day moving average price of $3.04 and a 200-day moving average price of $2.68. Och-Ziff Capital Management Group has a 52-week low of $2.15 and a 52-week high of $3.87.

Och-Ziff Capital Management Group (NYSE:OZM) last posted its quarterly earnings data on Wednesday, August 2nd. The asset manager reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.08. The business had revenue of $148.95 million during the quarter, compared to analysts’ expectations of $90.65 million. Och-Ziff Capital Management Group had a negative return on equity of 55.73% and a net margin of 4.46%. During the same period in the previous year, the business earned $0.06 earnings per share.

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its position in Och-Ziff Capital Management Group by 292.1% during the first quarter. Jane Street Group LLC now owns 51,007 shares of the asset manager’s stock worth $115,000 after buying an additional 37,999 shares in the last quarter. K.J. Harrison & Partners Inc purchased a new position in Och-Ziff Capital Management Group during the second quarter worth $155,000. Marshall Wace North America L.P. purchased a new position in Och-Ziff Capital Management Group during the second quarter worth $162,000. Nationwide Fund Advisors purchased a new position in Och-Ziff Capital Management Group during the second quarter worth $193,000. Finally, Credit Suisse AG purchased a new position in Och-Ziff Capital Management Group during the first quarter worth $226,000. 17.03% of the stock is owned by institutional investors.

About Och-Ziff Capital Management Group

Och-Ziff Capital Management Group LLC (Och-Ziff) is an institutional alternative asset manager. The Company provides asset management services through its funds, which pursue a range of global investment opportunities. The Company operates through two segments: the Och-Ziff Funds and real estate business.

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