Blair William & Co. IL boosted its position in Oaktree Capital Group, LLC (NYSE:OAK) by 425.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,453 shares of the asset manager’s stock after buying an additional 28,711 shares during the period. Blair William & Co. IL owned about 0.06% of Oaktree Capital Group worth $1,652,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of OAK. Penserra Capital Management LLC increased its position in shares of Oaktree Capital Group by 122.0% in the first quarter. Penserra Capital Management LLC now owns 2,247 shares of the asset manager’s stock worth $101,000 after buying an additional 1,235 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Oaktree Capital Group during the first quarter worth about $103,000. US Bancorp DE increased its position in shares of Oaktree Capital Group by 59.2% in the second quarter. US Bancorp DE now owns 3,025 shares of the asset manager’s stock worth $141,000 after buying an additional 1,125 shares during the last quarter. Adalta Capital Management LLC purchased a new position in shares of Oaktree Capital Group during the first quarter worth about $222,000. Finally, Greenwich Investment Management Inc. purchased a new position in shares of Oaktree Capital Group during the first quarter worth about $226,000. 23.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Oaktree Capital Group, LLC (NYSE:OAK) opened at 46.05 on Friday. The stock has a market cap of $2.96 billion, a P/E ratio of 10.05 and a beta of 0.60. Oaktree Capital Group, LLC has a 52-week low of $36.95 and a 52-week high of $48.50. The firm’s 50-day moving average is $47.19 and its 200 day moving average is $46.19.

Oaktree Capital Group (NYSE:OAK) last posted its quarterly earnings results on Thursday, July 27th. The asset manager reported $1.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.26. The business had revenue of $704.36 million for the quarter, compared to analyst estimates 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 company posted $0.79 EPS. Analysts forecast that Oaktree Capital Group, LLC will post $3.93 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Monday, August 7th were given a dividend of $1.31 per share. This is a positive change from Oaktree Capital Group’s previous quarterly dividend of $0.71. This represents a $5.24 annualized dividend and a dividend yield of 11.38%. The ex-dividend date was Thursday, August 3rd. Oaktree Capital Group’s dividend payout ratio is currently 114.66%.

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A number of brokerages have recently issued reports on OAK. Morgan Stanley lifted their price objective on shares of Oaktree Capital Group from $54.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. BidaskClub raised shares of Oaktree Capital Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Jefferies Group LLC reissued a “hold” rating and set a $49.00 target price on shares of Oaktree Capital Group in a research report on Sunday, July 30th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Oaktree Capital Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $50.00 to $49.00 in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $47.50.

In other news, Director Ocm Growth Holdings Llc purchased 909,443 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were acquired at an average cost of $15.00 per share, with a total value of $13,641,645.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman John Frank sold 16,666 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $46.72, for a total value of $778,635.52. Following the sale, the insider now directly owns 41,667 shares in the company, valued at $1,946,682.24. 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.

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

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