Oaktree Capital Group LLC Unit (NYSE:OAK) Shares Sold by Westpac Banking Corp

Westpac Banking Corp decreased its holdings in shares of Oaktree Capital Group LLC Unit (NYSE:OAK) by 6.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 123,912 shares of the asset manager’s stock after selling 8,500 shares during the period. Westpac Banking Corp’s holdings in Oaktree Capital Group LLC Unit were worth $6,139,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Osborn Williams & Donohoe LLC lifted its holdings in shares of Oaktree Capital Group LLC Unit by 1.1% during the 2nd quarter. Osborn Williams & Donohoe LLC now owns 37,795 shares of the asset manager’s stock valued at $1,872,000 after acquiring an additional 400 shares in the last quarter. Allen Investment Management LLC lifted its holdings in shares of Oaktree Capital Group LLC Unit by 1.7% during the 1st quarter. Allen Investment Management LLC now owns 28,029 shares of the asset manager’s stock valued at $1,392,000 after acquiring an additional 464 shares in the last quarter. Alpha Omega Wealth Management LLC lifted its holdings in shares of Oaktree Capital Group LLC Unit by 108.4% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 1,115 shares of the asset manager’s stock valued at $55,000 after acquiring an additional 580 shares in the last quarter. Cetera Advisor Networks LLC lifted its holdings in shares of Oaktree Capital Group LLC Unit by 15.5% during the 1st quarter. Cetera Advisor Networks LLC now owns 6,325 shares of the asset manager’s stock valued at $314,000 after acquiring an additional 850 shares in the last quarter. Finally, NEXT Financial Group Inc acquired a new position in shares of Oaktree Capital Group LLC Unit during the 2nd quarter valued at $49,000. Institutional investors and hedge funds own 32.17% of the company’s stock.

In other news, Director Steven J. Gilbert acquired 10,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $26.66 per share, for a total transaction of $266,600.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $266,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Oaktree Capital Group Holdings acquired 1,000,000 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was purchased at an average price of $4.76 per share, for a total transaction of $4,760,000.00. The disclosure for this purchase can be found here. Insiders acquired a total of 2,267,508 shares of company stock worth $10,700,322 in the last quarter.



OAK stock traded up $0.57 during trading on Friday, reaching $51.77. The stock had a trading volume of 9,835 shares, compared to its average volume of 735,050. Oaktree Capital Group LLC Unit has a 1-year low of $38.65 and a 1-year high of $51.80. The company has a current ratio of 2.52, a quick ratio of 2.20 and a debt-to-equity ratio of 3.02. The company has a market capitalization of $8.26 billion, a P/E ratio of 19.67, a PEG ratio of 2.47 and a beta of 0.53. The firm has a fifty day moving average price of $50.42 and a 200 day moving average price of $48.27.

Oaktree Capital Group LLC Unit (NYSE:OAK) last issued its quarterly earnings data on Thursday, July 25th. The asset manager reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). Oaktree Capital Group LLC Unit had a return on equity of 19.02% and a net margin of 17.16%. The firm had revenue of $313.48 million during the quarter, compared to analyst estimates of $311.80 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The business’s quarterly revenue was up 47.0% compared to the same quarter last year. Sell-side analysts predict that Oaktree Capital Group LLC Unit will post 3.49 EPS for the current year.

Separately, Zacks Investment Research lowered shares of Oaktree Capital Group LLC Unit from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average target price of $47.00.

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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