Pekin Singer Strauss Asset Management IL reduced its stake in shares of Oaktree Capital Group, LLC (NYSE:OAK) by 3.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 335,915 shares of the asset manager’s stock after selling 13,295 shares during the period. Oaktree Capital Group comprises 2.5% of Pekin Singer Strauss Asset Management IL’s holdings, making the stock its 7th largest position. Pekin Singer Strauss Asset Management IL owned approximately 0.52% of Oaktree Capital Group worth $15,654,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in OAK. Penserra Capital Management LLC boosted its stake in 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 valued at $101,000 after buying an additional 1,235 shares during the period. Russell Investments Group Ltd. bought a new stake in Oaktree Capital Group during the first quarter valued at about $103,000. US Bancorp DE boosted its stake in Oaktree Capital Group by 59.2% in the second quarter. US Bancorp DE now owns 3,025 shares of the asset manager’s stock valued at $141,000 after buying an additional 1,125 shares during the period. Financial Architects Inc boosted its stake in Oaktree Capital Group by 2.9% in the first quarter. Financial Architects Inc now owns 4,747 shares of the asset manager’s stock valued at $215,000 after buying an additional 135 shares during the period. Finally, Adalta Capital Management LLC bought a new stake in Oaktree Capital Group during the first quarter valued at about $222,000. 23.23% of the stock is owned by institutional investors.
Shares of Oaktree Capital Group, LLC (NYSE:OAK) opened at 46.55 on Friday. The stock has a market cap of $2.99 billion, a PE ratio of 10.16 and a beta of 0.60. The stock has a 50 day moving average of $47.34 and a 200 day moving average of $45.90. Oaktree Capital Group, LLC has a 12 month low of $36.95 and a 12 month high of $48.50.
Oaktree Capital Group (NYSE:OAK) last posted its quarterly earnings data 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. Oaktree Capital Group had a net margin of 19.17% and a return on equity of 20.11%. The business had revenue of $704.36 million during the quarter, compared to analyst estimates of $592.84 million. During the same quarter last year, the firm posted $0.79 earnings per share. On average, equities analysts anticipate that Oaktree Capital Group, LLC will post $3.89 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, August 7th were paid a $1.31 dividend. This is a positive change from Oaktree Capital Group’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $5.24 annualized dividend and a dividend yield of 11.26%. Oaktree Capital Group’s dividend payout ratio (DPR) is presently 114.66%.
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Several equities research analysts have issued reports on the stock. Jefferies Group LLC assumed coverage on shares of Oaktree Capital Group in a research report on Wednesday, June 28th. They issued a “hold” rating and a $49.00 price objective for the company. Morgan Stanley reissued an “overweight” rating and issued a $54.00 price objective (down from $56.00) on shares of Oaktree Capital Group in a research report on Monday, July 10th. BidaskClub raised shares of Oaktree Capital Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Deutsche Bank AG boosted their price objective on shares of Oaktree Capital Group from $44.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Oaktree Capital Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $50.00 to $49.00 in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Oaktree Capital Group has an average rating of “Hold” and an average target price of $47.50.
In other Oaktree Capital Group news, Director Ocm Growth Holdings Llc acquired 909,443 shares of the stock in a transaction dated Monday, June 12th. The stock was acquired at an average price of $15.00 per share, with a total value of $13,641,645.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Oaktree Capital Group Holdings sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $5.66, for a total transaction of $56,600,000.00. The disclosure for this sale can be found here.
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.
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