Deutsche Bank Maintains Oaktree Capital Group LLC to Buy with Price Target $51.00

Brokerage firm Deutsche Bank Maintains its rating on Oaktree Capital Group LLC(NYSE:OAK). In a research note issued to the investors, the brokerage major Lowers the price-target to $51.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Jun 16, 2016.

In a different note, On Apr 5, 2016, Barclays said it Maintains its rating on Oaktree Capital Group LLC. In the research note, the firm Raises the price-target to $45.00 per share. The shares have been rated ‘Equalweight’ by the firm.

Oaktree Capital Group LLC (OAK) made into the market gainers list on Tuesdays trading session with the shares advancing 0.13% or 0.06 points. Due to strong positive momentum, the stock ended at $45.26, which is also near the day’s high of $45.66. The stock began the session at $45.26 and the volume stood at 1,16,074 shares. The 52-week high of the shares is $56.54 and the 52 week low is $38.66. The company has a current market capitalization of $7,018 M and it has 15,50,60,120 shares in outstanding.

Oaktree Capital Group LLC(OAK) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $312.94M. Analysts had an estimated revenue of $291.69M. Earnings per share were $0.49. Analysts had estimated an EPS of $0.50.

Several Insider Transactions has been reported to the SEC. On Mar 11, 2016, Todd E Molz (officer ) sold 8,200 shares at $48.21 per share price.Also, On Mar 9, 2016, John Frank (Vice Chairman) sold 8,333 shares at $48.13 per share price.On Feb 19, 2016, David M Kirchheimer (director officer ) sold 2,333 shares at $45.35 per share price, according to the Form-4 filing with the securities and exchange commission.

Oaktree Capital Group LLC (Oaktree) is a global investment manager specializing in alternative investments. The Company manages investments in a range of strategies within six asset classes which include corporate debt convertible securities distressed debt control investing real estate and listed equities. The Company’s business consists of its investment management segment which consists of the investment management services that the Company provides to its clients. Oaktree Capital Group Holdings GP LLC acts as the Company’s manager and is the general partner of Oaktree Capital Group Holdings L.P. which owns 100% of the Company’s outstanding Class B units. OCGH is owned by the OCGH unitholders. The Funds managed by Oaktree include both separate accounts and commingled funds. The commingled funds include open-end and closed-end limited partnerships. The Company’s manager is Oaktree Capital Group Holdings GP LLC.

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