Brown Advisory Inc. increased its position in shares of Oaktree Capital Group LLC (NYSE:OAK) by 65.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,490 shares of the company’s stock after buying an additional 27,000 shares during the period. Brown Advisory Inc. owned approximately 0.11% of Oaktree Capital Group worth $3,066,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Wellington Management Group LLP increased its position in shares of Oaktree Capital Group by 13.0% in the first quarter. Wellington Management Group LLP now owns 1,501,533 shares of the company’s stock worth $74,071,000 after buying an additional 172,376 shares during the period. JPMorgan Chase & Co. increased its position in shares of Oaktree Capital Group by 10.2% in the second quarter. JPMorgan Chase & Co. now owns 1,291,635 shares of the company’s stock worth $57,813,000 after buying an additional 119,493 shares during the period. Bank of New York Mellon Corp increased its position in shares of Oaktree Capital Group by 18.9% in the second quarter. Bank of New York Mellon Corp now owns 1,125,099 shares of the company’s stock worth $50,360,000 after buying an additional 178,873 shares during the period. Markel Corp increased its position in shares of Oaktree Capital Group by 9.3% in the second quarter. Markel Corp now owns 644,500 shares of the company’s stock worth $28,848,000 after buying an additional 55,000 shares during the period. Finally, Edge Asset Management Inc. increased its position in shares of Oaktree Capital Group by 7.0% in the second quarter. Edge Asset Management Inc. now owns 569,595 shares of the company’s stock worth $25,495,000 after buying an additional 37,505 shares during the period.

Shares of Oaktree Capital Group LLC (NYSE:OAK) traded up 1.2390% during mid-day trading on Thursday, hitting $43.6644. 98,966 shares of the stock were exchanged. The stock’s 50-day moving average price is $44.26 and its 200-day moving average price is $46.14. The company has a market cap of $2.73 billion, a P/E ratio of 27.5659 and a beta of 0.50. Oaktree Capital Group LLC has a 52-week low of $38.66 and a 52-week high of $52.15.

Oaktree Capital Group (NYSE:OAK) last released its earnings results on Thursday, July 28th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.22. The company earned $282.70 million during the quarter, compared to analyst estimates of $317.17 million. During the same quarter last year, the business earned $0.44 earnings per share. Equities research analysts anticipate that Oaktree Capital Group LLC will post $2.52 earnings per share for the current fiscal year.

OAK has been the topic of a number of research analyst reports. Deutsche Bank AG lowered their price objective on shares of Oaktree Capital Group from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, June 16th. Zacks Investment Research raised shares of Oaktree Capital Group from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Thursday, July 14th. Keefe, Bruyette & Woods reduced their target price on shares of Oaktree Capital Group from $55.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, July 29th. Finally, Barclays PLC reduced their target price on shares of Oaktree Capital Group from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Friday, July 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Oaktree Capital Group has an average rating of “Buy” and an average target price of $52.17.

In related news, Director Larry W. Keele sold 16,667 shares of Oaktree Capital Group stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $44.41, for a total value of $740,181.47. Following the completion of the sale, the director now directly owns 75,322 shares in the company, valued at approximately $3,345,050.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Principal Opportunities Fu Ocm sold 8,630,190 shares of Oaktree Capital Group stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $21.00, for a total transaction of $181,233,990.00. The disclosure for this sale can be found here.

About Oaktree Capital Group

Oaktree Capital Group, LLC (Oaktree) is a global investment manager specializing in alternative investments. 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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