Oaktree Capital Group Llc Gets a Buy Rating from KBW

By Jason Carr

In a report released yesterday, Robert Lee from KBW reiterated a Buy rating on Oaktree Capital Group Llc (NYSEArca: OAK), with a price target of $53. The company’s shares closed last Friday at $45.90.

According to TipRanks.com, Lee is a 5-star analyst with an average return of 7.8% and a 70.1% success rate. Lee covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, SEI Investments Company, and Goldman Sachs Group Inc.

Oaktree Capital Group Llc has an analyst consensus of Moderate Buy, with a price target consensus of $53.

Based on Oaktree Capital Group Llc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $286 million and quarterly net profit of $54.92 million. In comparison, last year the company earned revenue of $258 million and had a net profit of $28.08 million.

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Oaktree Capital Group LLC engages in the specialization of alternative investments. It focuses on the investments in distressed debt, corporate debt, control investing, convertible securities, real estate, and listed equities. The company’s predecessor was founded by Howard Stanley Marks, Bruce Allen Karsh, Stephen A. Kaplan, Larry W. Keele, D. Richard Masson and Sheldon Michael Stone in April 1995. The company was founded in April 13, 2007 and is headquartered in Los Angeles, CA.