Russell Investments Group Ltd. acquired a new stake in shares of Oaktree Capital Group, LLC (NYSE:OAK) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,286 shares of the asset manager’s stock, valued at approximately $103,000.
Other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. purchased a new stake in Oaktree Capital Group during the fourth quarter valued at approximately $192,000. Pekin Singer Strauss Asset Management IL increased its stake in Oaktree Capital Group by 15.0% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 410,826 shares of the asset manager’s stock valued at $15,406,000 after buying an additional 53,603 shares in the last quarter. Creative Planning increased its stake in Oaktree Capital Group by 31.3% in the first quarter. Creative Planning now owns 24,863 shares of the asset manager’s stock valued at $1,126,000 after buying an additional 5,931 shares in the last quarter. SOL Capital Management CO increased its stake in Oaktree Capital Group by 49.9% in the first quarter. SOL Capital Management CO now owns 32,760 shares of the asset manager’s stock valued at $1,484,000 after buying an additional 10,900 shares in the last quarter. Finally, National Investment Services Inc. WI purchased a new stake in Oaktree Capital Group during the first quarter valued at approximately $2,100,000. Hedge funds and other institutional investors own 22.80% of the company’s stock.
Oaktree Capital Group, LLC (NYSE:OAK) opened at 47.75 on Tuesday. Oaktree Capital Group, LLC has a 52-week low of $36.95 and a 52-week high of $48.94. The stock has a market cap of $3.07 billion, a PE ratio of 13.55 and a beta of 0.60. The firm has a 50-day moving average price of $46.47 and a 200 day moving average price of $44.27.
Oaktree Capital Group (NYSE:OAK) last posted its earnings results on Thursday, April 27th. The asset manager reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.08. The business had revenue of $391.20 million during the quarter, compared to analyst estimates of $341.84 million. Oaktree Capital Group had a return on equity of 17.74% and a net margin of 19.08%. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS. On average, analysts forecast that Oaktree Capital Group, LLC will post $3.83 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Russell Investments Group Ltd. Invests $103,000 in Oaktree Capital Group, LLC (OAK)” was first posted by Stock Observer and is the sole property of of Stock Observer. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.thestockobserver.com/2017/07/18/russell-investments-group-ltd-invests-103000-in-oaktree-capital-group-llc-oak.html.
OAK has been the subject of several recent research reports. TheStreet upgraded Oaktree Capital Group from a “c+” rating to a “b-” rating in a report on Monday, April 3rd. Deutsche Bank AG upped their price target on Oaktree Capital Group from $44.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Jefferies Group LLC initiated coverage on Oaktree Capital Group in a report on Wednesday, June 28th. They set a “hold” rating and a $49.00 price target for the company. BidaskClub downgraded Oaktree Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $54.00 price target (down previously from $56.00) on shares of Oaktree Capital Group in a report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $48.00.
In other Oaktree Capital Group news, Director Ocm Growth Holdings Llc bought 909,443 shares of Oaktree Capital Group stock in a transaction on Monday, June 12th. The stock was acquired at an average price of $15.00 per share, with a total value of $13,641,645.00. The purchase was disclosed in a document filed with the SEC, which is available at this link.
About Oaktree Capital Group
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.
Receive News & Ratings for Oaktree Capital Group LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Capital Group LLC and related companies with MarketBeat.com's FREE daily email newsletter.