Oaktree Capital Group (NYSE:OAK) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. from $53.00 to $51.00 in a research note issued to investors on Tuesday. The firm currently has a “neutral” rating on the asset manager’s stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 20.71% from the stock’s previous close.

OAK has been the topic of several other reports. Zacks Investment Research downgraded Oaktree Capital Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. TheStreet downgraded Oaktree Capital Group from a “b-” rating to a “c+” rating in a research note on Friday, November 17th. Finally, ValuEngine downgraded Oaktree Capital Group from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $49.80.

Shares of Oaktree Capital Group (OAK) traded down $0.50 during mid-day trading on Tuesday, reaching $42.25. The company had a trading volume of 75,270 shares, compared to its average volume of 305,062. Oaktree Capital Group has a 1 year low of $41.10 and a 1 year high of $48.50. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 2.37. The stock has a market cap of $6,686.00, a P/E ratio of 11.67, a price-to-earnings-growth ratio of 0.95 and a beta of 0.62.

Oaktree Capital Group (NYSE:OAK) last announced its earnings results on Tuesday, February 6th. The asset manager reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.17. Oaktree Capital Group had a return on equity of 18.06% and a net margin of 15.75%. The firm had revenue of $327.40 million for the quarter, compared to the consensus estimate of $286.45 million. During the same period in the previous year, the business earned $0.91 EPS. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. sell-side analysts predict that Oaktree Capital Group will post 3.48 EPS for the current year.

In other news, major shareholder Oaktree Capital Management Lp purchased 28,800 shares of the stock in a transaction on Wednesday, December 13th. The stock was bought at an average price of $8.63 per share, with a total value of $248,544.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ocm Growth Holdings Llc purchased 1,413,922 shares of the stock in a transaction on Friday, December 8th. The shares were purchased at an average cost of $15.00 per share, with a total value of $21,208,830.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 4,582,236 shares of company stock valued at $44,812,086.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Oak Grove Capital LLC acquired a new position in shares of Oaktree Capital Group in the 4th quarter valued at about $3,513,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Oaktree Capital Group in the 4th quarter valued at about $1,158,000. Virtu Financial LLC acquired a new position in shares of Oaktree Capital Group in the 4th quarter valued at about $202,000. Tower Research Capital LLC TRC acquired a new position in shares of Oaktree Capital Group in the 4th quarter valued at about $175,000. Finally, AMG National Trust Bank lifted its holdings in shares of Oaktree Capital Group by 6.7% in the 4th quarter. AMG National Trust Bank now owns 66,980 shares of the asset manager’s stock valued at $2,820,000 after buying an additional 4,207 shares during the period. 22.61% of the stock is owned by institutional investors.

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Oaktree Capital Group Company Profile

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.

Analyst Recommendations for Oaktree Capital Group (NYSE:OAK)

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