Breaking Finance News

Oaktree Capital Group LLC (NYSE:OAK) has been downgraded to Underweight in a statement by Barclays PLC earlier today.

Barclays PLC has downgraded Oaktree Capital Group LLC (NYSE:OAK) to Underweight in a report released on Thursday October 13, 2016.

Previously on 9/29/2016, Zacks Investment Research reported about Oaktree Capital Group LLC (NYSE:OAK) raised the target price from $0.00 to $47.00. At the time, this indicated a possible upside of 0.12%.

Yesterday Oaktree Capital Group LLC (NYSE:OAK) traded 0.00% even at $40.40. The company’s 50-day moving average is $42.97 and its 200-day moving average is $45.45. The last stock close price is down -11.11% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 0 shares of the stock were exchanged, down from an average trading volume of 223,283

See Chart Below

Oaktree Capital Group LLC (NYSE:OAK)

Oaktree Capital Group LLC has a 52 week low of $38.66 and a 52 week high of $52.15 with a P/E ratio of 25.51 The company’s market cap is currently $0.

In addition to Barclays PLC reporting its target price, a total of 8 firms have reported on the stock. The consensus target price is $53.25 with 1 firm rating the stock a strong buy, 5 firms rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Oaktree Capital Group LLC (NYSE:OAK)

Oaktree Capital Group, LLC (Oaktree) is a global investment manager specializing in alternative investments. 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. Its business consists of its investment management segment, which consists of the investment management services that it 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. (OCGH), which owns approximately 100% of the Company's outstanding Class B units. OCGH is owned by the OCGH unitholders. The Company's operations are conducted through a group of operating entities collectively referred to as the Oaktree Operating Group. The Funds managed by Oaktree include commingled funds, separate accounts and collateralized loan obligation vehicles (CLOs).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *