Bank of Montreal Can Acquires New Shares in Blue Owl Capital Inc. (NYSE:OWL)

Bank of Montreal Can acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 79,801 shares of the company's stock, valued at approximately $1,856,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OWL. Rakuten Securities Inc. acquired a new stake in shares of Blue Owl Capital during the 4th quarter valued at approximately $27,000. Allworth Financial LP increased its stake in Blue Owl Capital by 43.3% in the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after purchasing an additional 428 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Blue Owl Capital by 232.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock worth $44,000 after purchasing an additional 1,315 shares during the last quarter. Principal Securities Inc. raised its holdings in Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after purchasing an additional 450 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in Blue Owl Capital by 136.2% during the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock worth $45,000 after purchasing an additional 1,110 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Up 2.0 %

OWL traded up $0.34 during trading on Friday, reaching $17.44. The stock had a trading volume of 6,634,079 shares, compared to its average volume of 6,612,198. The stock has a 50 day moving average of $19.95 and a two-hundred day moving average of $22.21. The firm has a market capitalization of $26.81 billion, a price-to-earnings ratio of 102.56, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. 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 quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, research analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were given a $0.18 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.13%. Blue Owl Capital's dividend payout ratio (DPR) is 423.53%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Barclays dropped their target price on shares of Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Piper Sandler lowered their price target on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Oppenheimer set a $24.00 price objective on Blue Owl Capital and gave the stock an "outperform" rating in a research report on Wednesday. Citigroup lowered their target price on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Evercore ISI boosted their price target on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital presently has an average rating of "Moderate Buy" and an average target price of $23.79.

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.