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

Raymond James Financial Inc. acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 653,742 shares of the company's stock, valued at approximately $15,206,000.

Several other hedge funds also recently added to or reduced their stakes in OWL. FMR LLC increased its holdings in shares of Blue Owl Capital by 28.1% in the fourth quarter. FMR LLC now owns 45,241,160 shares of the company's stock valued at $1,052,309,000 after purchasing an additional 9,917,071 shares during the period. Norges Bank acquired a new stake in Blue Owl Capital during the 4th quarter valued at approximately $137,118,000. Vanguard Group Inc. increased its stake in shares of Blue Owl Capital by 11.7% in the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock worth $1,237,581,000 after acquiring an additional 5,558,868 shares during the period. JPMorgan Chase & Co. lifted its position in 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 purchasing an additional 1,372,865 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in Blue Owl Capital by 23.8% in the fourth quarter. Federated Hermes Inc. now owns 6,876,700 shares of the company's stock valued at $159,952,000 after purchasing an additional 1,322,800 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on OWL shares. Oppenheimer set a $24.00 price target on shares of Blue Owl Capital and gave the company an "outperform" rating in a research report on Wednesday, April 16th. JMP Securities cut their price objective on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Barclays dropped their price target on shares of Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a report on Thursday, March 27th. Finally, Evercore ISI boosted their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.79.

Blue Owl Capital Trading Up 4.5 %

OWL stock traded up $0.79 during midday trading on Thursday, hitting $18.46. 9,538,107 shares of the company's stock were exchanged, compared to its average volume of 6,685,272. The stock has a market capitalization of $28.39 billion, a PE ratio of 108.59, a P/E/G ratio of 1.23 and a beta of 1.20. The business has a 50-day simple moving average of $19.56 and a two-hundred day simple moving average of $22.13. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its earnings results 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%. As a group, research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital's dividend payout ratio is currently 423.53%.

Blue Owl Capital 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.