Brokerages Set Och-Ziff Capital Management Group LLC (OZM) Target Price at $3.79

Och-Ziff Capital Management Group LLC (NYSE:OZM) has been given an average recommendation of “Hold” by the ten research firms that are presently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $3.79.

Several equities analysts recently issued reports on OZM shares. Jefferies Group LLC reiterated a “hold” rating and issued a $3.00 price objective on shares of Och-Ziff Capital Management Group in a research report on Tuesday, May 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $2.50 price objective on shares of Och-Ziff Capital Management Group in a research report on Wednesday, April 12th. Credit Suisse Group set a $3.00 price objective on Och-Ziff Capital Management Group and gave the company a “hold” rating in a research report on Thursday, February 16th. ValuEngine lowered Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, J P Morgan Chase & Co lowered Och-Ziff Capital Management Group from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 16th.

Shares of Och-Ziff Capital Management Group (NYSE:OZM) traded up 1.69% on Tuesday, hitting $2.40. 1,217,417 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $2.39 and its 200 day moving average price is $2.77. Och-Ziff Capital Management Group has a 1-year low of $2.15 and a 1-year high of $4.78. The company’s market cap is $444.30 million.

Och-Ziff Capital Management Group (NYSE:OZM) last announced its quarterly earnings results on Tuesday, May 2nd. The asset manager reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $133.21 million during the quarter, compared to analysts’ expectations of $104.31 million. Och-Ziff Capital Management Group had a negative return on equity of 41.72% and a negative net margin of 8.27%. Och-Ziff Capital Management Group’s revenue was down 24.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 EPS. On average, equities research analysts expect that Och-Ziff Capital Management Group will post $0.41 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Friday, May 12th were given a $0.02 dividend. The ex-dividend date was Wednesday, May 10th. This is a positive change from Och-Ziff Capital Management Group’s previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a dividend yield of 3.33%. Och-Ziff Capital Management Group’s payout ratio is currently -19.51%.

A number of institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its position in Och-Ziff Capital Management Group by 292.1% in the first quarter. Jane Street Group LLC now owns 51,007 shares of the asset manager’s stock worth $115,000 after buying an additional 37,999 shares during the period. Usca Ria LLC purchased a new position in Och-Ziff Capital Management Group during the first quarter worth $134,000. Searle & CO. purchased a new position in Och-Ziff Capital Management Group during the first quarter worth $137,000. Two Sigma Investments LP purchased a new position in Och-Ziff Capital Management Group during the fourth quarter worth $183,000. Finally, Gamco Investors INC. ET AL increased its position in Och-Ziff Capital Management Group by 337.4% in the first quarter. Gamco Investors INC. ET AL now owns 99,300 shares of the asset manager’s stock worth $224,000 after buying an additional 76,600 shares during the period. 53.39% of the stock is owned by hedge funds and other institutional investors.

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Och-Ziff Capital Management Group Company Profile

Och-Ziff Capital Management Group LLC (Och-Ziff) is an institutional alternative asset manager. The Company provides asset management services through its funds, which pursue a range of global investment opportunities. The Company operates through two segments: the Och-Ziff Funds and real estate business.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “OZM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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