Oaktree Capital Group (NYSE:OAK) had its price objective decreased by Morgan Stanley from $51.00 to $48.00 in a research note published on Tuesday, MarketBeat Ratings reports. Morgan Stanley currently has an overweight rating on the asset manager’s stock.

Several other equities analysts have also issued reports on the stock. ValuEngine upgraded shares of Oaktree Capital Group from a strong sell rating to a sell rating in a report on Tuesday, July 31st. Oppenheimer reiterated a hold rating on shares of Oaktree Capital Group in a report on Monday, July 30th. Credit Suisse Group lowered their target price on shares of Oaktree Capital Group from $45.00 to $44.00 and set a neutral rating for the company in a report on Friday, July 27th. JPMorgan Chase & Co. lowered their target price on shares of Oaktree Capital Group from $50.00 to $47.00 and set a neutral rating for the company in a report on Friday, July 27th. Finally, TheStreet upgraded shares of Oaktree Capital Group from a c+ rating to a b- rating in a report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $45.40.

Shares of OAK opened at $41.05 on Tuesday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 2.49. Oaktree Capital Group has a one year low of $38.80 and a one year high of $48.05. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 0.98 and a beta of 0.72.

Oaktree Capital Group (NYSE:OAK) last issued its quarterly earnings data on Thursday, July 26th. The asset manager reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.02). Oaktree Capital Group had a return on equity of 9.38% and a net margin of 13.05%. The company had revenue of $273.53 million during the quarter, compared to analysts’ expectations of $276.75 million. During the same quarter last year, the business earned $1.73 earnings per share. The business’s quarterly revenue was down 61.2% on a year-over-year basis. sell-side analysts predict that Oaktree Capital Group will post 2.78 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 10th. Stockholders of record on Monday, August 6th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, August 3rd. This represents a $2.20 annualized dividend and a dividend yield of 5.36%. Oaktree Capital Group’s payout ratio is 55.42%.

In other news, Director Larry W. Keele sold 17,676 shares of Oaktree Capital Group stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $40.00, for a total transaction of $707,040.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Larry W. Keele sold 8,333 shares of Oaktree Capital Group stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $41.40, for a total transaction of $344,986.20. Following the transaction, the director now owns 8,656 shares of the company’s stock, valued at $358,358.40. The disclosure for this sale can be found here. Insiders have sold 63,415 shares of company stock valued at $2,569,688 over the last quarter.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Artisan Partners Limited Partnership bought a new stake in shares of Oaktree Capital Group during the first quarter valued at approximately $44,987,000. Beck Mack & Oliver LLC increased its position in shares of Oaktree Capital Group by 2.0% during the second quarter. Beck Mack & Oliver LLC now owns 231,570 shares of the asset manager’s stock valued at $9,413,000 after acquiring an additional 4,575 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Oaktree Capital Group by 13.9% during the fourth quarter. Guggenheim Capital LLC now owns 38,828 shares of the asset manager’s stock valued at $1,635,000 after acquiring an additional 4,753 shares in the last quarter. SOL Capital Management CO increased its position in shares of Oaktree Capital Group by 18.1% during the second quarter. SOL Capital Management CO now owns 62,690 shares of the asset manager’s stock valued at $2,548,000 after acquiring an additional 9,600 shares in the last quarter. Finally, Natixis bought a new stake in shares of Oaktree Capital Group during the first quarter valued at approximately $5,101,000. 25.93% of the stock is owned by institutional investors.

Oaktree Capital Group Company Profile

Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. It manage investments in a number of strategies within six asset classes, including distressed debt; corporate debt, including high yield debt and senior loans; control investing; convertible securities; real estate; and listed equities.

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Analyst Recommendations for Oaktree Capital Group (NYSE:OAK)

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