Trading Report: Today, Barclays PLC Lowers Oaktree Capital Group LLC (OAK) to Underweight

Today, Barclays PLC Lowers Oaktree Capital Group LLC (OAK) to Underweight

Barclays PLC lowered shares of Oaktree Capital Group LLC (NYSE:OAK) from an equal weight rating to an underweight rating in a research note released on Thursday. Barclays PLC currently has $38.00 price objective on the stock, down from their previous price objective of $45.00.

OAK has been the subject of several other research reports. Keefe, Bruyette & Woods reiterated an outperform rating on shares of Oaktree Capital Group in a report on Tuesday, September 20th. Deutsche Bank AG reduced their price target on shares of Oaktree Capital Group from $50.00 to $49.00 and set a buy rating for the company in a report on Friday, July 29th. Finally, Zacks Investment Research upgraded shares of Oaktree Capital Group from a hold rating to a buy rating and set a $47.00 price target for the company in a report on Thursday, September 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Oaktree Capital Group currently has an average rating of Buy and an average price target of $49.83.

Oaktree Capital Group (NYSE:OAK) opened at 40.00 on Thursday. The stock’s 50 day moving average is $42.66 and its 200-day moving average is $45.25. Oaktree Capital Group has a 12-month low of $38.66 and a 12-month high of $52.15. The company has a market cap of $2.50 billion, a P/E ratio of 25.25 and a beta of 0.50.

Oaktree Capital Group (NYSE:OAK) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.22. The firm had revenue of $282.70 million for the quarter, compared to analyst estimates of $317.17 million. During the same quarter in the prior year, the firm posted $0.44 EPS. Analysts predict that Oaktree Capital Group will post $2.54 earnings per share for the current fiscal year.

In other Oaktree Capital Group news, Director Principal Opportunities Fu Ocm sold 8,630,190 shares of the company’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $21.00, for a total transaction of $181,233,990.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Oaktree Capital Group Holdings purchased 7,564,290 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were purchased at an average cost of $3.00 per share, for a total transaction of $22,692,870.00. The disclosure for this purchase can be found here.

A number of hedge funds have recently bought and sold shares of the company. Evercore Wealth Management LLC purchased a new stake in Oaktree Capital Group during the second quarter valued at about $112,000. Lazard Asset Management LLC raised its stake in Oaktree Capital Group by 33.3% in the first quarter. Lazard Asset Management LLC now owns 4,000 shares of the company’s stock valued at $197,000 after buying an additional 1,000 shares during the period. GWM Advisors LLC purchased a new stake in Oaktree Capital Group during the second quarter valued at about $276,000. Veritable L.P. raised its stake in Oaktree Capital Group by 16.3% in the second quarter. Veritable L.P. now owns 6,288 shares of the company’s stock valued at $281,000 after buying an additional 882 shares during the period. Finally, Lebenthal Asset Management LLC purchased a new stake in Oaktree Capital Group during the second quarter valued at about $305,000.

Oaktree Capital Group Company Profile

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