Oaktree Capital Group LLC Unit (OAK) Position Lifted by Alpha Omega Wealth Management LLC

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Alpha Omega Wealth Management LLC increased its position in Oaktree Capital Group LLC Unit (NYSE:OAK) by 108.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,115 shares of the asset manager’s stock after buying an additional 580 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Oaktree Capital Group LLC Unit were worth $55,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Jane Street Group LLC bought a new position in Oaktree Capital Group LLC Unit in the 3rd quarter worth $270,000. Osborne Partners Capital Management LLC boosted its holdings in Oaktree Capital Group LLC Unit by 1.9% in the 4th quarter. Osborne Partners Capital Management LLC now owns 97,002 shares of the asset manager’s stock worth $3,856,000 after buying an additional 1,846 shares during the period. Bank of Montreal Can boosted its holdings in Oaktree Capital Group LLC Unit by 180.5% in the 4th quarter. Bank of Montreal Can now owns 186,475 shares of the asset manager’s stock worth $7,413,000 after buying an additional 120,000 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Oaktree Capital Group LLC Unit by 94.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 18,318 shares of the asset manager’s stock worth $728,000 after buying an additional 8,912 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in Oaktree Capital Group LLC Unit by 51.1% in the 4th quarter. Mackenzie Financial Corp now owns 2,736,011 shares of the asset manager’s stock worth $108,756,000 after buying an additional 925,604 shares during the period. 28.13% of the stock is owned by institutional investors.

OAK opened at $49.23 on Thursday. Oaktree Capital Group LLC Unit has a 52 week low of $38.65 and a 52 week high of $50.76. The stock has a market cap of $7.81 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 1.34 and a beta of 0.54. 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 data on Thursday, April 25th. The asset manager reported $1.46 EPS for the quarter, beating the consensus estimate of $1.28 by $0.18. Oaktree Capital Group LLC Unit had a net margin of 17.09% and a return on equity of 18.61%. The business had revenue of $266.42 million during the quarter, compared to the consensus estimate of $522.21 million. During the same quarter in the prior year, the firm earned $0.93 EPS. The business’s revenue was down 21.0% on a year-over-year basis. On average, sell-side analysts forecast that Oaktree Capital Group LLC Unit will post 3.46 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Monday, May 6th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 8.53%. The ex-dividend date of this dividend is Friday, May 3rd. This is an increase from Oaktree Capital Group LLC Unit’s previous quarterly dividend of $0.75. Oaktree Capital Group LLC Unit’s dividend payout ratio is 159.70%.

Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Friday, February 15th. ValuEngine raised shares of Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Morgan Stanley downgraded shares of Oaktree Capital Group LLC Unit from an “overweight” rating to an “equal weight” rating in a report on Thursday, March 14th. Finally, Wells Fargo & Co increased their price objective on shares of Oaktree Capital Group LLC Unit from $44.00 to $49.00 and gave the company a “market perform” rating in a report on Thursday, March 14th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $46.50.

In related news, major shareholder Oaktree Capital Group Holdings acquired 77,065 shares of the company’s stock in a transaction on Friday, March 29th. The stock was acquired at an average price of $4.57 per share, with a total value of $352,187.05. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 147,938 shares of company stock valued at $675,376 in the last three months.

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Oaktree Capital Group LLC Unit 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.

Further Reading: Systematic Risk and Investors

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

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