Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Oaktree Capital Group, LLC (NYSE:OAK) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,252 shares of the asset manager’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. The Manufacturers Life Insurance Company increased its position in shares of Oaktree Capital Group by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 4,618 shares of the asset manager’s stock valued at $215,000 after acquiring an additional 299 shares during the last quarter. Westside Investment Management Inc. increased its position in shares of Oaktree Capital Group by 0.5% during the second quarter. Westside Investment Management Inc. now owns 19,075 shares of the asset manager’s stock valued at $889,000 after acquiring an additional 100 shares during the last quarter. Carret Asset Management LLC increased its position in shares of Oaktree Capital Group by 5.1% during the second quarter. Carret Asset Management LLC now owns 13,450 shares of the asset manager’s stock valued at $627,000 after acquiring an additional 650 shares during the last quarter. Capital World Investors increased its position in Oaktree Capital Group by 426.5% in the second quarter. Capital World Investors now owns 1,466,824 shares of the asset manager’s stock worth $68,354,000 after buying an additional 1,188,224 shares during the last quarter. Finally, Salem Investment Counselors Inc. increased its position in Oaktree Capital Group by 4.1% in the second quarter. Salem Investment Counselors Inc. now owns 47,936 shares of the asset manager’s stock worth $2,234,000 after buying an additional 1,900 shares during the last quarter. 21.88% of the stock is owned by institutional investors.

OAK has been the subject of a number of recent research reports. BidaskClub downgraded Oaktree Capital Group from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Morgan Stanley raised their target price on Oaktree Capital Group from $54.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded Oaktree Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday. Jefferies Group LLC reissued a “hold” rating and issued a $49.00 target price on shares of Oaktree Capital Group in a research report on Sunday, July 30th. Finally, Goldman Sachs Group, Inc. (The) downgraded Oaktree Capital Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock 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 issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $49.50.

Oaktree Capital Group, LLC (OAK) opened at $42.45 on Friday. Oaktree Capital Group, LLC has a twelve month low of $36.95 and a twelve month high of $48.50. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.80 and a quick ratio of 2.14. The company has a market capitalization of $6,725.06, a price-to-earnings ratio of 10.32, a PEG ratio of 0.89 and a beta of 0.61.

Oaktree Capital Group (NYSE:OAK) last posted its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.11. Oaktree Capital Group had a return on equity of 18.88% and a net margin of 19.04%. The firm had revenue of $304.80 million during the quarter, compared to analyst estimates of $281.61 million. During the same period last year, the company earned $0.92 earnings per share. The business’s revenue for the quarter was down 16.5% on a year-over-year basis. research analysts anticipate that Oaktree Capital Group, LLC will post 3.85 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Monday, November 6th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend was Friday, November 3rd. Oaktree Capital Group’s payout ratio is currently 51.49%.

In other news, Vice Chairman John Frank sold 16,666 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $46.72, for a total value of $778,635.52. Following the completion of the transaction, the insider now directly owns 41,667 shares of the company’s stock, valued at $1,946,682.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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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.

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

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