Ameritas Advisory Services LLC Acquires Shares of 20,330 Blue Owl Capital Inc. (NYSE:OWL)

Ameritas Advisory Services LLC purchased a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,330 shares of the company's stock, valued at approximately $473,000.

Several other hedge funds have also added to or reduced their stakes in OWL. FMR LLC boosted its position in shares of Blue Owl Capital by 29.9% in the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company's stock worth $683,874,000 after purchasing an additional 8,138,475 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in Blue Owl Capital by 69.2% during the second quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company's stock worth $73,035,000 after buying an additional 1,683,408 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Blue Owl Capital by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock worth $174,829,000 after buying an additional 1,372,865 shares during the period. Geode Capital Management LLC raised its position in shares of Blue Owl Capital by 14.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company's stock valued at $157,870,000 after acquiring an additional 1,016,505 shares during the period. Finally, HighTower Advisors LLC boosted its stake in Blue Owl Capital by 29.1% during the 3rd quarter. HighTower Advisors LLC now owns 3,599,852 shares of the company's stock worth $69,690,000 after acquiring an additional 811,334 shares during the last quarter. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Price Performance

Shares of OWL traded up $0.65 during mid-day trading on Friday, hitting $26.68. 5,734,798 shares of the company's stock were exchanged, compared to its average volume of 6,993,938. Blue Owl Capital Inc. has a 52 week low of $15.18 and a 52 week high of $26.71. The company has a market cap of $39.85 billion, a PE ratio of 156.46, a P/E/G ratio of 1.39 and a beta of 1.14. The company has a 50-day simple moving average of $23.70 and a 200 day simple moving average of $20.86.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The firm had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. During the same period in the previous year, the business earned $0.16 EPS. On average, analysts anticipate that Blue Owl Capital Inc. will post 0.78 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were issued a dividend of $0.18 per share. The ex-dividend date was Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 2.70%. Blue Owl Capital's payout ratio is presently 423.55%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group lowered shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and cut their target price for the stock from $25.00 to $24.75 in a report on Monday, January 6th. JMP Securities reiterated a "market outperform" rating and set a $27.00 target price on shares of Blue Owl Capital in a report on Wednesday, December 4th. Citigroup restated a "buy" rating and issued a $30.00 price target on shares of Blue Owl Capital in a report on Thursday. UBS Group lifted their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Finally, Piper Sandler increased their target price on Blue Owl Capital from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note on Monday, December 23rd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.85.

Blue Owl Capital Company Profile

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.