HL Financial Services LLC decreased its stake in Oaktree Capital Group, LLC (NYSE:OAK) by 5.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 11,799 shares of the asset manager’s stock after selling 700 shares during the period. HL Financial Services LLC’s holdings in Oaktree Capital Group were worth $550,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Moon Capital Management LLC boosted its stake in shares of Oaktree Capital Group by 6.0% in the second quarter. Moon Capital Management LLC now owns 23,525 shares of the asset manager’s stock valued at $1,096,000 after buying an additional 1,330 shares during the period. River Road Asset Management LLC boosted its stake in shares of Oaktree Capital Group by 56.1% in the first quarter. River Road Asset Management LLC now owns 203,475 shares of the asset manager’s stock valued at $9,217,000 after buying an additional 73,111 shares during the period. Elgethun Capital Management boosted its stake in shares of Oaktree Capital Group by 51.4% in the first quarter. Elgethun Capital Management now owns 27,657 shares of the asset manager’s stock valued at $1,253,000 after buying an additional 9,389 shares during the period. Edge Asset Management Inc. boosted its stake in shares of Oaktree Capital Group by 13.2% in the first quarter. Edge Asset Management Inc. now owns 1,032,699 shares of the asset manager’s stock valued at $46,781,000 after buying an additional 120,230 shares during the period. Finally, Rothschild Investment Corp IL acquired a new stake in shares of Oaktree Capital Group during the first quarter valued at approximately $342,000. 23.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Oaktree Capital Group, LLC (NYSE OAK) opened at 46.55 on Friday. The stock has a 50 day moving average of $47.34 and a 200-day moving average of $45.90. The company has a market capitalization of $2.99 billion, a PE ratio of 10.16 and a beta of 0.60. Oaktree Capital Group, LLC has a one year low of $36.95 and a one year high of $48.50.

Oaktree Capital Group (NYSE:OAK) last released its quarterly earnings results on Thursday, July 27th. The asset manager reported $1.73 earnings per share for the quarter, topping the 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 for the quarter, compared to analysts’ expectations of $592.84 million. During the same period in the previous year, the company earned $0.79 earnings per share. On average, equities analysts forecast that Oaktree Capital Group, LLC will post $3.89 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Monday, August 7th were issued a dividend of $1.31 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This is a boost from Oaktree Capital Group’s previous quarterly dividend of $0.71. This represents a $5.24 annualized dividend and a yield of 11.26%. Oaktree Capital Group’s payout ratio is 114.66%.

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Several equities research analysts have commented on OAK shares. Morgan Stanley reissued an “overweight” rating and set a $54.00 price target (down from $56.00) on shares of Oaktree Capital Group in a research report on Monday, July 10th. Deutsche Bank AG boosted their price target on shares of Oaktree Capital Group from $44.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. BidaskClub cut shares of Oaktree Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Jefferies Group LLC started coverage on shares of Oaktree Capital Group in a research report on Wednesday, June 28th. They set a “hold” rating and a $49.00 price target on the stock. Finally, Goldman Sachs Group, Inc. (The) cut shares of Oaktree Capital Group from a “buy” rating to a “neutral” rating and cut their price target for the stock from $50.00 to $49.00 in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.50.

In other news, Director Ocm Growth Holdings Llc purchased 909,443 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were acquired at an average cost of $15.00 per share, for a total transaction of $13,641,645.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Oaktree Capital Group Holdings sold 10,000,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was 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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Institutional Ownership by Quarter for Oaktree Capital Group (NYSE:OAK)

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