Pekin Singer Strauss Asset Management IL cut its position in Oaktree Capital Group, LLC (NYSE:OAK) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 335,915 shares of the asset manager’s stock after selling 13,295 shares during the period. Oaktree Capital Group comprises approximately 2.5% of Pekin Singer Strauss Asset Management IL’s portfolio, making the stock its 7th largest position. Pekin Singer Strauss Asset Management IL’s holdings in Oaktree Capital Group were worth $15,654,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OAK. First Manhattan Co. purchased a new position in shares of Oaktree Capital Group during the second quarter worth about $699,000. Markel Corp increased its position in shares of Oaktree Capital Group by 16.4% in the second quarter. Markel Corp now owns 850,500 shares of the asset manager’s stock worth $39,633,000 after buying an additional 120,000 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its position in shares of Oaktree Capital Group by 0.7% in the second quarter. Kornitzer Capital Management Inc. KS now owns 115,935 shares of the asset manager’s stock worth $5,403,000 after buying an additional 850 shares in the last quarter. Beck Mack & Oliver LLC increased its position in shares of Oaktree Capital Group by 40.8% in the second quarter. Beck Mack & Oliver LLC now owns 156,040 shares of the asset manager’s stock worth $7,271,000 after buying an additional 45,245 shares in the last quarter. Finally, Cypress Asset Management Inc. TX purchased a new position in shares of Oaktree Capital Group during the second quarter worth about $497,000. Institutional investors own 23.23% of the company’s stock.

Shares of Oaktree Capital Group, LLC (NYSE OAK) opened at 46.55 on Friday. The stock’s 50 day moving average is $47.34 and its 200 day moving average is $45.90. Oaktree Capital Group, LLC has a 12 month low of $36.95 and a 12 month high of $48.50. The stock has a market cap of $2.99 billion, a P/E ratio of 10.16 and a beta of 0.60.

Oaktree Capital Group (NYSE:OAK) last released its earnings results on Thursday, July 27th. The asset manager reported $1.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.26. The company had revenue of $704.36 million during the quarter, compared to analysts’ expectations of $592.84 million. Oaktree Capital Group had a return on equity of 20.11% and a net margin of 19.17%. During the same period in the prior year, the business posted $0.79 EPS. Analysts predict that Oaktree Capital Group, LLC will post $3.89 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, August 7th were paid a dividend of $1.31 per share. This is a boost from Oaktree Capital Group’s previous quarterly dividend of $0.71. This represents a $5.24 annualized dividend and a dividend yield of 11.26%. The ex-dividend date was Thursday, August 3rd. Oaktree Capital Group’s dividend payout ratio is 114.66%.

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A number of brokerages recently issued reports on OAK. Morgan Stanley lifted their price target on shares of Oaktree Capital Group from $54.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday. BidaskClub upgraded shares of Oaktree Capital Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Jefferies Group LLC reiterated a “hold” rating and issued a $49.00 price target on shares of Oaktree Capital Group in a research note on Sunday, July 30th. Goldman Sachs Group, Inc. (The) downgraded shares of Oaktree Capital Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $49.00 in a research note on Friday, July 28th. Finally, Deutsche Bank AG lifted their price target on shares of Oaktree Capital Group from $44.00 to $45.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Oaktree Capital Group presently has a consensus rating of “Hold” and a consensus target price of $47.50.

In other Oaktree Capital Group news, Director Ocm Growth Holdings Llc bought 909,443 shares of Oaktree Capital Group stock in a transaction dated Monday, June 12th. The stock was bought at an average cost of $15.00 per share, for a total transaction of $13,641,645.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Oaktree Capital Group Holdings sold 10,000,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $5.66, for a total value of $56,600,000.00. The disclosure for this sale can be found here.

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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Institutional Ownership by Quarter for Oaktree Capital Group (NYSE:OAK)

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