Oaktree Capital Group, LLC (NYSE:OAK) – Equities research analysts at Jefferies Group increased their Q2 2017 EPS estimates for Oaktree Capital Group in a research report issued on Tuesday. Jefferies Group analyst G. O’hara now expects that the asset manager will earn $1.44 per share for the quarter, up from their prior estimate of $1.41. Jefferies Group currently has a “Hold” rating and a $49.00 target price on the stock. Jefferies Group also issued estimates for Oaktree Capital Group’s FY2017 earnings at $3.73 EPS and FY2018 earnings at $3.82 EPS.
Oaktree Capital Group (NYSE:OAK) last announced its earnings results on Thursday, April 27th. The asset manager reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.08. The company had revenue of $391.20 million during the quarter, compared to the consensus estimate of $341.84 million. Oaktree Capital Group had a return on equity of 17.74% and a net margin of 19.08%. The company’s revenue was up 25.0% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. ILLEGAL ACTIVITY NOTICE: This report was originally published by BBNS and is the sole property of of BBNS. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://baseballnewssource.com/markets/q2-2017-eps-estimates-for-oaktree-capital-group-llc-increased-by-jefferies-group-nyseoak-updated-updated-updated/1194706.html.
Other research analysts also recently issued research reports about the stock. TheStreet upgraded shares of Oaktree Capital Group from a “c+” rating to a “b-” rating in a report on Monday, April 3rd. BidaskClub upgraded shares of Oaktree Capital Group from a “hold” rating to a “buy” rating in a report on Thursday. Deutsche Bank AG lifted their target price on shares of Oaktree Capital Group from $44.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $54.00 target price (down previously from $56.00) on shares of Oaktree Capital Group in a report on Monday. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Oaktree Capital Group currently has an average rating of “Hold” and an average price target of $48.00.
Shares of Oaktree Capital Group (NYSE:OAK) opened at 47.65 on Wednesday. The firm has a market capitalization of $3.06 billion, a P/E ratio of 13.52 and a beta of 0.60. Oaktree Capital Group has a 52 week low of $36.95 and a 52 week high of $48.94. The stock’s 50 day moving average price is $46.47 and its 200 day moving average price is $44.27.
In related news, Director Ocm Growth Holdings Llc acquired 909,443 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were bought at an average price of $15.00 per share, for a total transaction of $13,641,645.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Several hedge funds and other institutional investors have recently bought and sold shares of OAK. Renaissance Technologies LLC increased its position in Oaktree Capital Group by 198.7% in the fourth quarter. Renaissance Technologies LLC now owns 364,870 shares of the asset manager’s stock valued at $13,683,000 after buying an additional 242,700 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in Oaktree Capital Group during the fourth quarter valued at about $192,000. Pekin Singer Strauss Asset Management IL increased its position in Oaktree Capital Group by 15.0% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 410,826 shares of the asset manager’s stock valued at $15,406,000 after buying an additional 53,603 shares during the last quarter. Creative Planning increased its position in Oaktree Capital Group by 31.3% in the first quarter. Creative Planning now owns 24,863 shares of the asset manager’s stock valued at $1,126,000 after buying an additional 5,931 shares during the last quarter. Finally, SOL Capital Management CO increased its position in Oaktree Capital Group by 49.9% in the first quarter. SOL Capital Management CO now owns 32,760 shares of the asset manager’s stock valued at $1,484,000 after buying an additional 10,900 shares during the last quarter. Institutional investors own 22.66% of the company’s stock.
About Oaktree Capital Group
Oaktree Capital Group, LLC (Oaktree) is an investment manager specializing in alternative investments. The Company operates through investment management segment, which consists of the investment management services that the Company provides to its clients. The Company manages investments in a range of strategies within approximately six asset classes, which include corporate debt, convertible securities, distressed debt, control investing, real estate and listed equities.
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