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