MML Investors Services LLC acquired a new stake in shares of Oaktree Capital Group, LLC (NYSE:OAK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,451 shares of the asset manager’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Morgan Stanley raised its holdings in shares of Oaktree Capital Group by 24.9% during the first quarter. Morgan Stanley now owns 1,984,724 shares of the asset manager’s stock valued at $89,908,000 after purchasing an additional 395,918 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Oaktree Capital Group by 958.3% during the second quarter. Principal Financial Group Inc. now owns 1,159,853 shares of the asset manager’s stock valued at $54,048,000 after purchasing an additional 1,050,259 shares during the last quarter. Markel Corp raised its holdings in shares of Oaktree Capital Group by 16.4% during the second quarter. Markel Corp now owns 850,500 shares of the asset manager’s stock valued at $39,633,000 after purchasing an additional 120,000 shares during the last quarter. Ardevora Asset Management LLP purchased a new position in shares of Oaktree Capital Group during the second quarter valued at approximately $34,596,000. Finally, Mackenzie Financial Corp raised its holdings in shares of Oaktree Capital Group by 2.1% during the first quarter. Mackenzie Financial Corp now owns 700,369 shares of the asset manager’s stock valued at $31,727,000 after purchasing an additional 14,312 shares during the last quarter. 21.84% of the stock is owned by hedge funds and other institutional investors.

OAK has been the subject of several research reports. Jefferies Group LLC initiated coverage on shares of Oaktree Capital Group in a report on Wednesday, June 28th. They set a “hold” rating and a $49.00 price objective for the company. BidaskClub cut shares of Oaktree Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Morgan Stanley reissued an “overweight” rating and set a $54.00 price objective (down from $56.00) on shares of Oaktree Capital Group in a report on Monday, July 10th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Oaktree Capital Group from a “buy” rating to a “neutral” rating and cut their target price 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, five have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $47.20.

In other Oaktree Capital Group news, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman John Frank sold 16,666 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $46.72, for a total transaction of $778,635.52. Following the transaction, the insider now directly owns 41,667 shares of the company’s stock, valued at $1,946,682.24. The disclosure for this sale can be found here.

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Shares of Oaktree Capital Group, LLC (NYSE:OAK) opened at 47.30 on Thursday. The company’s 50-day moving average is $46.08 and its 200 day moving average is $46.39. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 10.32 and a beta of 0.59. 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 results on Thursday, July 27th. The asset manager reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $704.36 million during the quarter, compared to analyst estimates of $592.84 million. During the same period last year, the firm posted $0.79 EPS. On average, equities research analysts anticipate that Oaktree Capital Group, LLC will post $3.89 earnings per share for the current year.

Oaktree Capital Group 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.

Institutional Ownership by Quarter for Oaktree Capital Group (NYSE:OAK)

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