Press coverage about Oaktree Capital Group (NYSE:OAK) has trended somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Oaktree Capital Group earned a daily sentiment score of 0.02 on Accern’s scale. Accern also gave media coverage about the asset manager an impact score of 45.6409803415988 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Williams Co’s PE partners in Caiman Energy II seek to cash out-sources (finance.yahoo.com)
- Marks: Goldman Sachs Will Go On After Blankfein (finance.yahoo.com)
- Oaktree Capital Management Lp Purchases 26,900 Shares of Oaktree Capital Group LLC (OAK) Stock (americanbankingnews.com)
- Oaktree Capital Group LLC (OAK) Major Shareholder Acquires $74,238.00 in Stock (americanbankingnews.com)
- QuadReal adds two to team (pehub.com)
A number of research analysts have weighed in on the stock. Morgan Stanley dropped their price objective on shares of Oaktree Capital Group from $60.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, March 1st. ValuEngine downgraded shares of Oaktree Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. lowered their target price on shares of Oaktree Capital Group from $53.00 to $51.00 and set a “neutral” rating for the company in a report on Tuesday, February 13th. Zacks Investment Research downgraded shares of Oaktree Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Finally, TheStreet downgraded shares of Oaktree Capital Group from a “b-” rating to a “c+” rating in a report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Oaktree Capital Group presently has an average rating of “Hold” and an average target price of $50.20.
Oaktree Capital Group (NYSE:OAK) last announced its earnings results on Tuesday, February 6th. The asset manager reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.17. The company had revenue of $327.40 million during the quarter, compared to the consensus estimate of $286.45 million. Oaktree Capital Group had a net margin of 15.75% and a return on equity of 18.04%. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 earnings per share. equities research analysts predict that Oaktree Capital Group will post 3.42 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 16th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 7.40%. The ex-dividend date of this dividend was Thursday, February 15th. This is an increase from Oaktree Capital Group’s previous quarterly dividend of $0.56. Oaktree Capital Group’s dividend payout ratio (DPR) is 73.61%.
In related news, major shareholder Oaktree Capital Management Lp acquired 26,900 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was acquired at an average price of $7.74 per share, for a total transaction of $208,206.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Organics L.P. Oaktree acquired 3,055,460 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average price of $7.50 per share, with a total value of $22,915,950.00. The disclosure for this purchase can be found here. Insiders have purchased 3,414,287 shares of company stock valued at $25,186,701 in the last 90 days.
COPYRIGHT VIOLATION NOTICE: “Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Oaktree Capital Group (OAK) Stock Price” was first published by Ticker Report and is owned by of Ticker Report. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of international trademark and copyright legislation. The original version of this news story can be read at https://www.tickerreport.com/banking-finance/3254238/somewhat-favorable-media-coverage-somewhat-unlikely-to-impact-oaktree-capital-group-oak-stock-price.html.
Oaktree Capital Group Company Profile
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.