Oaktree Capital Group, LLC (OAK) Position Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in Oaktree Capital Group, LLC (NYSE:OAK) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,389,230 shares of the asset manager’s stock after purchasing an additional 67,825 shares during the period. JPMorgan Chase & Co. owned about 0.89% of Oaktree Capital Group worth $65,016,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Bradley Foster & Sargent Inc. CT increased its stake in shares of Oaktree Capital Group by 26.0% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 44,475 shares of the asset manager’s stock valued at $2,073,000 after purchasing an additional 9,175 shares in the last quarter. Steinberg Global Asset Management purchased a new stake in Oaktree Capital Group during the 3rd quarter worth approximately $4,186,000. Principal Financial Group Inc. increased its stake in Oaktree Capital Group by 958.3% during the 2nd quarter. Principal Financial Group Inc. now owns 1,159,853 shares of the asset manager’s stock worth $54,048,000 after buying an additional 1,050,259 shares in the last quarter. Alliancebernstein L.P. increased its stake in Oaktree Capital Group by 37.4% during the 2nd quarter. Alliancebernstein L.P. now owns 251,256 shares of the asset manager’s stock worth $11,709,000 after buying an additional 68,431 shares in the last quarter. Finally, Ardevora Asset Management LLP increased its stake in Oaktree Capital Group by 2.1% during the 3rd quarter. Ardevora Asset Management LLP now owns 758,200 shares of the asset manager’s stock worth $35,673,000 after buying an additional 15,800 shares in the last quarter. Hedge funds and other institutional investors own 22.60% of the company’s stock.

OAK has been the subject of several research reports. TheStreet lowered Oaktree Capital Group from a “b-” rating to a “c+” rating in a research note on Friday, November 17th. Zacks Investment Research lowered Oaktree Capital Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $49.50.

Oaktree Capital Group, LLC (OAK) traded up $0.60 during trading hours on Thursday, reaching $42.90. The company’s stock had a trading volume of 319,800 shares, compared to its average volume of 224,511. Oaktree Capital Group, LLC has a 52 week low of $36.95 and a 52 week high of $48.50. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 2.37. The stock has a market cap of $6,700.00, a price-to-earnings ratio of 10.14, a P/E/G ratio of 0.88 and a beta of 0.57.

Oaktree Capital Group (NYSE:OAK) last posted its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.11. Oaktree Capital Group had a return on equity of 18.88% and a net margin of 19.04%. The company had revenue of $304.80 million during the quarter, compared to analyst estimates of $281.61 million. During the same period in the previous year, the business earned $0.92 EPS. Oaktree Capital Group’s quarterly revenue was down 16.5% on a year-over-year basis. analysts anticipate that Oaktree Capital Group, LLC will post 3.86 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Monday, November 6th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 5.22%. The ex-dividend date of this dividend was Friday, November 3rd. Oaktree Capital Group’s dividend payout ratio is currently 51.49%.

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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.

Institutional Ownership by Quarter for Oaktree Capital Group (NYSE:OAK)

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