Brokerages Set Oaktree Capital Group LLC Unit (NYSE:OAK) Price Target at $46.20

Oaktree Capital Group LLC Unit (NYSE:OAK) has been given a consensus recommendation of “Hold” by the nine brokerages that are currently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $46.20.

Several brokerages recently commented on OAK. ValuEngine cut Oaktree Capital Group LLC Unit from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Zacks Investment Research raised Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Thursday, March 7th. Morgan Stanley cut Oaktree Capital Group LLC Unit from an “overweight” rating to an “equal weight” rating in a research report on Thursday, March 14th. Finally, Wells Fargo & Co raised their target price on Oaktree Capital Group LLC Unit from $44.00 to $49.00 and gave the stock a “market perform” rating in a research report on Thursday, March 14th.

In related news, Director Ocm Growth Holdings Llc acquired 1,628,366 shares of the business’s stock in a transaction on Friday, May 10th. The stock was bought at an average cost of $15.16 per share, with a total value of $24,686,028.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Oaktree Capital Group Holdings acquired 77,065 shares of the business’s stock in a transaction on Friday, March 29th. The shares were bought at an average cost of $4.57 per share, with a total value of $352,187.05. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 2,412,913 shares of company stock valued at $28,343,903.

Several hedge funds and other institutional investors have recently modified their holdings of OAK. Cordasco Financial Network bought a new position in shares of Oaktree Capital Group LLC Unit during the first quarter valued at $35,000. Alpha Omega Wealth Management LLC lifted its holdings in shares of Oaktree Capital Group LLC Unit by 108.4% during the first quarter. Alpha Omega Wealth Management LLC now owns 1,115 shares of the asset manager’s stock valued at $55,000 after acquiring an additional 580 shares during the period. Cresset Asset Management LLC bought a new position in shares of Oaktree Capital Group LLC Unit during the first quarter valued at $60,000. M&R Capital Management Inc. raised its holdings in shares of Oaktree Capital Group LLC Unit by 534.5% in the fourth quarter. M&R Capital Management Inc. now owns 3,680 shares of the asset manager’s stock valued at $146,000 after buying an additional 3,100 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Oaktree Capital Group LLC Unit by 1,545.7% in the fourth quarter. Barclays PLC now owns 5,217 shares of the asset manager’s stock valued at $208,000 after buying an additional 4,900 shares during the last quarter. 32.42% of the stock is owned by institutional investors.

Shares of OAK stock opened at $49.15 on Tuesday. The firm has a market capitalization of $7.85 billion, a P/E ratio of 18.69, a PEG ratio of 2.22 and a beta of 0.54. Oaktree Capital Group LLC Unit has a one year low of $38.65 and a one year high of $50.76. The company has a debt-to-equity ratio of 2.84, a current ratio of 2.20 and a quick ratio of 2.20.

Oaktree Capital Group LLC Unit (NYSE:OAK) last issued its earnings results on Thursday, April 25th. The asset manager reported $1.46 EPS for the quarter, topping the consensus estimate of $1.28 by $0.18. The firm had revenue of $266.42 million during the quarter, compared to analysts’ expectations of $522.21 million. Oaktree Capital Group LLC Unit had a return on equity of 18.49% and a net margin of 17.09%. Oaktree Capital Group LLC Unit’s quarterly revenue was down 21.0% compared to the same quarter last year. During the same period last year, the business earned $0.93 earnings per share. As a group, sell-side analysts predict that Oaktree Capital Group LLC Unit will post 3.46 earnings per share for the current fiscal year.

About Oaktree Capital Group LLC Unit

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.

Further Reading: What is intrinsic value?

Analyst Recommendations for Oaktree Capital Group LLC Unit (NYSE:OAK)

Receive News & Ratings for Oaktree Capital Group LLC Unit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Capital Group LLC Unit and related companies with MarketBeat.com's FREE daily email newsletter.