Raymond James Financial Inc. Takes $15.21 Million Position in Blue Owl Capital Inc. (NYSE:OWL)

Raymond James Financial Inc. purchased a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 653,742 shares of the company's stock, valued at approximately $15,206,000.

A number of other hedge funds also recently bought and sold shares of the company. FMR LLC boosted its holdings in Blue Owl Capital by 29.9% during the third quarter. FMR LLC now owns 35,324,089 shares of the company's stock valued at $683,874,000 after acquiring an additional 8,138,475 shares during the period. JPMorgan Chase & Co. raised its position in shares of Blue Owl Capital by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock valued at $174,829,000 after buying an additional 1,372,865 shares during the last quarter. State Street Corp raised its position in shares of Blue Owl Capital by 5.6% during the third quarter. State Street Corp now owns 8,452,073 shares of the company's stock valued at $163,632,000 after buying an additional 449,066 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Blue Owl Capital by 14.2% during the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company's stock valued at $157,870,000 after buying an additional 1,016,505 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its position in shares of Blue Owl Capital by 4.6% during the third quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company's stock valued at $130,415,000 after buying an additional 293,221 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

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Blue Owl Capital Stock Performance

Blue Owl Capital stock traded up $0.05 during trading hours on Friday, hitting $20.69. 11,326,640 shares of the stock were exchanged, compared to its average volume of 5,918,458. The stock has a market capitalization of $31.81 billion, a P/E ratio of 121.68, a P/E/G ratio of 1.23 and a beta of 1.19. Blue Owl Capital Inc. has a 12 month low of $15.18 and a 12 month high of $26.73. The business's 50-day moving average is $22.67 and its two-hundred day moving average is $22.15.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. On average, equities analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 3.48%. Blue Owl Capital's dividend payout ratio is 423.53%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OWL. Keefe, Bruyette & Woods upped their price objective on shares of Blue Owl Capital from $22.00 to $26.00 and gave the company a "market perform" rating in a research report on Friday, December 20th. JMP Securities reaffirmed a "market outperform" rating and set a $32.00 price objective (up previously from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Wells Fargo & Company cut their price objective on shares of Blue Owl Capital from $24.00 to $22.00 and set an "equal weight" rating for the company in a research report on Thursday. TD Cowen raised shares of Blue Owl Capital from a "hold" rating to a "buy" rating and upped their price objective for the company from $26.00 to $28.00 in a research report on Thursday, January 16th. Finally, Barclays began coverage on shares of Blue Owl Capital in a research report on Monday, February 24th. They set an "overweight" rating and a $29.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $26.33.

About Blue Owl Capital

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.