Q3 2017 Earnings Estimate for Oaktree Capital Group, LLC (OAK) Issued By Jefferies Group

Oaktree Capital Group, LLC (NYSE:OAK) – Equities research analysts at Jefferies Group decreased their Q3 2017 earnings estimates for Oaktree Capital Group in a research report issued on Friday. Jefferies Group analyst G. O’hara now anticipates that the asset manager will post earnings of $0.53 per share for the quarter, down from their prior forecast of $0.55. Jefferies Group currently has a “Hold” rating and a $49.00 target price on the stock. Jefferies Group also issued estimates for Oaktree Capital Group’s Q4 2017 earnings at $0.66 EPS, Q2 2018 earnings at $0.92 EPS, Q3 2018 earnings at $0.97 EPS, Q4 2018 earnings at $0.98 EPS and FY2018 earnings at $3.72 EPS.

Several other research firms have also recently weighed in on OAK. BidaskClub upgraded shares of Oaktree Capital Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Morgan Stanley raised their price objective on shares of Oaktree Capital Group from $54.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Oaktree Capital Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $50.00 to $49.00 in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Oaktree Capital Group has an average rating of “Hold” and a consensus target price of $47.20.

TRADEMARK VIOLATION NOTICE: “Q3 2017 Earnings Estimate for Oaktree Capital Group, LLC (OAK) Issued By Jefferies Group” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/11/q3-2017-earnings-estimate-for-oaktree-capital-group-llc-oak-issued-by-jefferies-group.html.

Shares of Oaktree Capital Group (NYSE:OAK) opened at 46.90 on Monday. Oaktree Capital Group has a 52 week low of $36.95 and a 52 week high of $48.50. The stock has a 50 day moving average of $46.13 and a 200-day moving average of $46.47. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 10.23 and a beta of 0.59.

Oaktree Capital Group (NYSE:OAK) last issued its quarterly earnings results on Thursday, July 27th. The asset manager reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.26. The company had revenue of $704.36 million during the quarter, compared to analyst estimates of $592.84 million. Oaktree Capital Group had a net margin of 19.17% and a return on equity of 20.11%. During the same period in the prior year, the business posted $0.79 EPS.

A number of institutional investors have recently added to or reduced their stakes in the stock. Burgundy Asset Management Ltd. boosted its stake in Oaktree Capital Group by 2.3% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 236,683 shares of the asset manager’s stock worth $11,029,000 after acquiring an additional 5,272 shares during the last quarter. Advisory Services Network LLC boosted its stake in Oaktree Capital Group by 11.3% during the 2nd quarter. Advisory Services Network LLC now owns 17,542 shares of the asset manager’s stock worth $817,000 after acquiring an additional 1,776 shares during the last quarter. Gofen & Glossberg LLC IL boosted its stake in Oaktree Capital Group by 5.9% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 124,600 shares of the asset manager’s stock worth $5,806,000 after acquiring an additional 6,950 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in Oaktree Capital Group during the 2nd quarter worth approximately $245,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Oaktree Capital Group by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,618 shares of the asset manager’s stock worth $215,000 after acquiring an additional 299 shares during the last quarter. 21.84% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Oaktree Capital Group Holdings sold 10,000,000 shares of Oaktree Capital Group stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $5.66, for a total transaction of $56,600,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman John Frank sold 16,666 shares of Oaktree Capital Group stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $46.72, for a total transaction of $778,635.52. Following the transaction, the insider now directly owns 41,667 shares in the company, valued at approximately $1,946,682.24. The disclosure for this sale can be found here.

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 invest

Oaktree Capital Group, LLC (NYSE:OAK) – Equities research analysts at Jefferies Group decreased their Q3 2017 earnings estimates for Oaktree Capital Group in a research report issued on Friday. Jefferies Group analyst G. O’hara now anticipates that the asset manager will post earnings of $0.53 per share for the quarter, down from their prior forecast of $0.55. Jefferies Group currently has a “Hold” rating and a $49.00 target price on the stock. Jefferies Group also issued estimates for Oaktree Capital Group’s Q4 2017 earnings at $0.66 EPS, Q2 2018 earnings at $0.92 EPS, Q3 2018 earnings at $0.97 EPS, Q4 2018 earnings at $0.98 EPS and FY2018 earnings at $3.72 EPS.

Several other research firms have also recently weighed in on OAK. BidaskClub upgraded shares of Oaktree Capital Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Morgan Stanley raised their price objective on shares of Oaktree Capital Group from $54.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Oaktree Capital Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $50.00 to $49.00 in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Oaktree Capital Group has an average rating of “Hold” and a consensus target price of $47.20.

TRADEMARK VIOLATION NOTICE: “Q3 2017 Earnings Estimate for Oaktree Capital Group, LLC (OAK) Issued By Jefferies Group” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/11/q3-2017-earnings-estimate-for-oaktree-capital-group-llc-oak-issued-by-jefferies-group.html.

Shares of Oaktree Capital Group (NYSE:OAK) opened at 46.90 on Monday. Oaktree Capital Group has a 52 week low of $36.95 and a 52 week high of $48.50. The stock has a 50 day moving average of $46.13 and a 200-day moving average of $46.47. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 10.23 and a beta of 0.59.

Oaktree Capital Group (NYSE:OAK) last issued its quarterly earnings results on Thursday, July 27th. The asset manager reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.26. The company had revenue of $704.36 million during the quarter, compared to analyst estimates of $592.84 million. Oaktree Capital Group had a net margin of 19.17% and a return on equity of 20.11%. During the same period in the prior year, the business posted $0.79 EPS.

A number of institutional investors have recently added to or reduced their stakes in the stock. Burgundy Asset Management Ltd. boosted its stake in Oaktree Capital Group by 2.3% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 236,683 shares of the asset manager’s stock worth $11,029,000 after acquiring an additional 5,272 shares during the last quarter. Advisory Services Network LLC boosted its stake in Oaktree Capital Group by 11.3% during the 2nd quarter. Advisory Services Network LLC now owns 17,542 shares of the asset manager’s stock worth $817,000 after acquiring an additional 1,776 shares during the last quarter. Gofen & Glossberg LLC IL boosted its stake in Oaktree Capital Group by 5.9% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 124,600 shares of the asset manager’s stock worth $5,806,000 after acquiring an additional 6,950 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in Oaktree Capital Group during the 2nd quarter worth approximately $245,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Oaktree Capital Group by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,618 shares of the asset manager’s stock worth $215,000 after acquiring an additional 299 shares during the last quarter. 21.84% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Oaktree Capital Group Holdings sold 10,000,000 shares of Oaktree Capital Group stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $5.66, for a total transaction of $56,600,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman John Frank sold 16,666 shares of Oaktree Capital Group stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $46.72, for a total transaction of $778,635.52. Following the transaction, the insider now directly owns 41,667 shares in the company, valued at approximately $1,946,682.24. The disclosure for this sale can be found here.

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.

Earnings History and Estimates for Oaktree Capital Group (NYSE:OAK)

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