Cetera Advisor Networks LLC Purchases 850 Shares of Oaktree Capital Group LLC Unit (OAK)

Cetera Advisor Networks LLC boosted its position in Oaktree Capital Group LLC Unit (NYSE:OAK) by 15.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,325 shares of the asset manager’s stock after purchasing an additional 850 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Oaktree Capital Group LLC Unit were worth $314,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. FMR LLC increased its stake in Oaktree Capital Group LLC Unit by 24.0% during the 4th quarter. FMR LLC now owns 6,438,972 shares of the asset manager’s stock valued at $255,949,000 after buying an additional 1,245,698 shares during the period. Mackenzie Financial Corp increased its stake in Oaktree Capital Group LLC Unit by 51.1% during the 4th quarter. Mackenzie Financial Corp now owns 2,736,011 shares of the asset manager’s stock valued at $108,756,000 after buying an additional 925,604 shares during the period. Water Island Capital LLC acquired a new position in Oaktree Capital Group LLC Unit during the 1st quarter valued at about $55,303,000. Markel Corp increased its stake in Oaktree Capital Group LLC Unit by 4.4% during the 1st quarter. Markel Corp now owns 1,065,500 shares of the asset manager’s stock valued at $52,902,000 after buying an additional 45,000 shares during the period. Finally, Royce & Associates LP increased its stake in Oaktree Capital Group LLC Unit by 4.2% during the 4th quarter. Royce & Associates LP now owns 1,007,290 shares of the asset manager’s stock valued at $40,040,000 after buying an additional 40,311 shares during the period. Hedge funds and other institutional investors own 31.14% of the company’s stock.

OAK has been the topic of several research analyst reports. ValuEngine raised shares of Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Zacks Investment Research raised shares of Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Thursday, March 7th. Morgan Stanley cut shares of Oaktree Capital Group LLC Unit from an “overweight” rating to an “equal weight” rating in a research note on Thursday, March 14th. Finally, Wells Fargo & Co raised their target price on shares of Oaktree Capital Group LLC Unit from $44.00 to $49.00 and gave the company a “market perform” rating in a research note on Thursday, March 14th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Oaktree Capital Group LLC Unit currently has a consensus rating of “Hold” and a consensus price target of $46.50.

Shares of OAK opened at $48.69 on Friday. The company has a market capitalization of $7.75 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 1.32 and a beta of 0.54. The company has a debt-to-equity ratio of 2.84, a quick ratio of 2.20 and a current ratio of 2.20. Oaktree Capital Group LLC Unit has a 12-month low of $38.65 and a 12-month high of $50.76.

Oaktree Capital Group LLC Unit (NYSE:OAK) last announced its quarterly earnings data on Thursday, April 25th. The asset manager reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.18. The company had revenue of $266.42 million for the quarter, compared to analysts’ expectations of $522.21 million. Oaktree Capital Group LLC Unit had a net margin of 17.09% and a return on equity of 18.49%. The business’s revenue was down 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS. As a group, research analysts forecast that Oaktree Capital Group LLC Unit will post 3.46 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Monday, May 6th were paid a $1.05 dividend. The ex-dividend date was Friday, May 3rd. This represents a $4.20 annualized dividend and a dividend yield of 8.63%. This is a boost from Oaktree Capital Group LLC Unit’s previous quarterly dividend of $0.75. Oaktree Capital Group LLC Unit’s payout ratio is currently 159.70%.

In other Oaktree Capital Group LLC Unit news, Director Ocm Growth Holdings Llc acquired 1,628,366 shares of the stock in a transaction dated Friday, May 10th. The shares were bought at an average price of $15.16 per share, with a total value of $24,686,028.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Oaktree Capital Group Holdings acquired 77,065 shares of the stock in a transaction dated Friday, March 29th. The stock was acquired at an average cost of $4.57 per share, for a total transaction of $352,187.05. The disclosure for this purchase can be found here. Insiders bought a total of 1,776,304 shares of company stock worth $25,361,404 in the last ninety days.

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

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