First Trust Advisors LP Has $27.70 Million Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

First Trust Advisors LP grew its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 12.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,190,733 shares of the company's stock after purchasing an additional 131,225 shares during the period. First Trust Advisors LP owned approximately 0.08% of Blue Owl Capital worth $27,696,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC increased its position in shares of Blue Owl Capital by 316.1% in the 4th quarter. Rothschild Investment LLC now owns 33,955 shares of the company's stock worth $790,000 after purchasing an additional 25,795 shares during the last quarter. JPMorgan Chase & Co. raised 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 purchasing an additional 1,372,865 shares during the period. Arizona State Retirement System grew its stake in Blue Owl Capital by 14.7% during the 4th quarter. Arizona State Retirement System now owns 154,708 shares of the company's stock worth $3,599,000 after buying an additional 19,810 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter worth about $1,773,000. Finally, Charles Schwab Investment Management Inc. grew its position in Blue Owl Capital by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company's stock worth $80,179,000 after purchasing an additional 106,485 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Cfra Research raised Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. TD Cowen raised shares of Blue Owl Capital from a "hold" rating to a "buy" rating and upped their price objective for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. Barclays lowered their target price 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. Evercore ISI upped their price target 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. Finally, JMP Securities lowered their price objective on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $23.79.

Blue Owl Capital Price Performance

OWL traded up $0.25 on Monday, reaching $18.75. 7,315,857 shares of the company traded hands, compared to its average volume of 6,717,327. The company has a market cap of $28.83 billion, a price-to-earnings ratio of 110.30, a PEG ratio of 1.23 and a beta of 1.20. The stock's 50 day moving average price is $19.23 and its 200-day moving average price is $22.10. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. As a group, equities research analysts forecast 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. Stockholders of record on Wednesday, February 19th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital's payout ratio is 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.