Oaktree Capital Group LLC Unit (NYSE:OAK) had its price target upped by Wells Fargo & Co from $44.00 to $49.00 in a research note released on Thursday morning, The Fly reports. The brokerage currently has a market perform rating on the asset manager’s stock.

Several other research firms have also recently issued reports on OAK. Morgan Stanley cut Oaktree Capital Group LLC Unit from an overweight rating to an equal weight rating in a research note on Thursday. Zacks Investment Research raised Oaktree Capital Group LLC Unit from a hold rating to a buy rating and set a $48.00 price target for the company in a research note on Friday, February 15th. TheStreet raised Oaktree Capital Group LLC Unit from a c+ rating to a b- rating in a research note on Thursday, November 15th. ValuEngine raised Oaktree Capital Group LLC Unit from a hold rating to a buy rating in a research note on Thursday. Finally, Deutsche Bank decreased their target price on Oaktree Capital Group LLC Unit from $41.00 to $39.00 and set a hold rating for the company in a research note on Friday, November 16th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Oaktree Capital Group LLC Unit presently has an average rating of Hold and an average price target of $46.50.

NYSE:OAK opened at $48.99 on Thursday. Oaktree Capital Group LLC Unit has a 1 year low of $38.65 and a 1 year high of $49.61. The firm has a market capitalization of $7.69 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.24 and a beta of 0.52. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 2.75.

Oaktree Capital Group LLC Unit (NYSE:OAK) last released its quarterly earnings results on Tuesday, February 5th. The asset manager reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.02. Oaktree Capital Group LLC Unit had a return on equity of 16.17% and a net margin of 16.12%. The company had revenue of $290.17 million during the quarter, compared to analysts’ expectations of $244.20 million. During the same quarter in the prior year, the business posted $0.72 earnings per share. The company’s revenue for the quarter was down 11.4% compared to the same quarter last year. As a group, sell-side analysts predict that Oaktree Capital Group LLC Unit will post 3.31 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 22nd. Investors of record on Friday, February 15th were paid a dividend of $0.75 per share. The ex-dividend date was Thursday, February 14th. This represents a $3.00 annualized dividend and a yield of 6.12%. This is a boost from Oaktree Capital Group LLC Unit’s previous quarterly dividend of $0.70. Oaktree Capital Group LLC Unit’s dividend payout ratio (DPR) is currently 114.07%.

In other news, major shareholder Oaktree Capital Group Holdings bought 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 24th. The stock was acquired at an average price of $4.18 per share, with a total value of $209,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ocm Growth Holdings Llc bought 2,192,658 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were purchased at an average cost of $15.19 per share, with a total value of $33,306,475.02. The disclosure for this purchase can be found here. Insiders have purchased 3,562,658 shares of company stock valued at $39,312,875 in the last ninety days.

A number of hedge funds have recently made changes to their positions in the stock. Carroll Financial Associates Inc. purchased a new stake in shares of Oaktree Capital Group LLC Unit during the fourth quarter valued at $33,000. M&R Capital Management Inc. lifted its holdings in shares of Oaktree Capital Group LLC Unit by 534.5% during the fourth quarter. M&R Capital Management Inc. now owns 3,680 shares of the asset manager’s stock valued at $146,000 after purchasing an additional 3,100 shares during the last quarter. We Are One Seven LLC purchased a new stake in shares of Oaktree Capital Group LLC Unit during the fourth quarter valued at $165,000. Stelac Advisory Services LLC lifted its holdings in shares of Oaktree Capital Group LLC Unit by 44.2% during the third quarter. Stelac Advisory Services LLC now owns 4,173 shares of the asset manager’s stock valued at $173,000 after purchasing an additional 1,280 shares during the last quarter. Finally, Northern Trust Corp purchased a new stake in shares of Oaktree Capital Group LLC Unit during the second quarter valued at $201,000. 28.46% of the stock is owned by institutional investors and hedge funds.

Oaktree Capital Group LLC Unit 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 LLC Unit (NYSE:OAK)

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