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Zacks Investment Research announced Oaktree Capital Group LLC (NYSE:OAK), bumping up its stock price target to $47.00 today

Just yesterday Oaktree Capital Group LLC (NYSE:OAK) traded 2.39% higher at $41.86. Oaktree Capital Group LLC’s 50-day moving average is $43.69 and its 200-day moving average is $45.83. The last closing price is down -7.49% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 447,295 shares of OAK traded hands, up from an average trading volume of 218,370

In a report released on 9/29/2016 Zacks Investment Research increased the stock price target of Oaktree Capital Group LLC (NYSE:OAK) to $47.00 reporting a possible upside of 0.12%.

Previously on 03/29/2016, JP Morgan reported on Oaktree Capital Group LLC (NYSE:OAK) increased the target price from $58.00 to $59.00. At the time, this indicated a possible upside of 0.25%.

Recent Performance Chart

Oaktree Capital Group LLC (NYSE:OAK)

Oaktree Capital Group LLC has 52 week low of $38.66 and a 52 week high of $52.15 with a PE ratio of 26.77 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 8 brokers have issued a research note on the company. The average stock price target is $53.25 with 1 broker rating the stock a strong buy, 5 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On 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).

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