Walter & Keenan Financial Consulting Co. MI ADV continued to hold its position in shares of Oaktree Capital Group, LLC (NYSE:OAK) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,900 shares of the asset manager’s stock at the end of the second quarter. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Oaktree Capital Group were worth $741,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Manhattan Co. acquired a new position in shares of Oaktree Capital Group during the second quarter worth about $699,000. Markel Corp raised its position in shares of Oaktree Capital Group by 16.4% in the second quarter. Markel Corp now owns 850,500 shares of the asset manager’s stock worth $39,633,000 after buying an additional 120,000 shares during the period. Kornitzer Capital Management Inc. KS raised its position in shares of Oaktree Capital Group by 0.7% in the second quarter. Kornitzer Capital Management Inc. KS now owns 115,935 shares of the asset manager’s stock worth $5,403,000 after buying an additional 850 shares during the period. Beck Mack & Oliver LLC raised its position in shares of Oaktree Capital Group by 40.8% in the second quarter. Beck Mack & Oliver LLC now owns 156,040 shares of the asset manager’s stock worth $7,271,000 after buying an additional 45,245 shares during the period. Finally, Cypress Asset Management Inc. TX acquired a new position in shares of Oaktree Capital Group during the second quarter worth about $497,000. Hedge funds and other institutional investors own 23.23% of the company’s stock.

Oaktree Capital Group, LLC (NYSE OAK) opened at 47.00 on Thursday. The firm has a 50-day moving average price of $47.37 and a 200-day moving average price of $45.85. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 10.26 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 posted its earnings results on Thursday, July 27th. The asset manager reported $1.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.26. The company had revenue of $704.36 million for the quarter, compared to analyst estimates of $592.84 million. Oaktree Capital Group had a return on equity of 20.11% and a net margin of 19.17%. During the same quarter in the prior year, the company earned $0.79 earnings per share. On average, equities analysts predict that Oaktree Capital Group, LLC will post $3.89 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Monday, August 7th will be issued a $1.31 dividend. This is a positive change from Oaktree Capital Group’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $5.24 annualized dividend and a yield of 11.15%. Oaktree Capital Group’s dividend payout ratio is 114.66%.

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A number of brokerages have recently issued reports on OAK. Morgan Stanley increased their target price on Oaktree Capital Group from $54.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday. BidaskClub upgraded Oaktree Capital Group from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Jefferies Group LLC restated a “hold” rating and issued a $49.00 price objective on shares of Oaktree Capital Group in a report on Sunday, July 30th. Goldman Sachs Group, Inc. (The) lowered Oaktree Capital Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $49.00 in a report on Friday, July 28th. Finally, Deutsche Bank AG raised their price objective on Oaktree Capital Group from $44.00 to $45.00 and gave the company a “hold” rating in a report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $47.50.

In related news, Director Ocm Growth Holdings Llc acquired 909,443 shares of Oaktree Capital Group stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Oaktree Capital Group Holdings sold 10,000,000 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $5.66, for a total value 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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