CIBC Private Wealth Group LLC Buys 1,057,101 Shares of Blue Owl Capital Inc. (NYSE:OWL)

CIBC Private Wealth Group LLC lifted its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 48.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,244,057 shares of the company's stock after acquiring an additional 1,057,101 shares during the quarter. CIBC Private Wealth Group LLC owned 0.22% of Blue Owl Capital worth $75,392,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of OWL. Rothschild Investment LLC boosted its holdings in shares of Blue Owl Capital by 316.1% in the fourth quarter. Rothschild Investment LLC now owns 33,955 shares of the company's stock worth $790,000 after buying an additional 25,795 shares during the period. JPMorgan Chase & Co. raised its stake in Blue Owl Capital by 17.9% during the 3rd 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. Arizona State Retirement System boosted its position in shares of Blue Owl Capital by 14.7% in the fourth 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 period. Princeton Global Asset Management LLC acquired a new stake in shares of Blue Owl Capital in the fourth quarter worth $1,773,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Blue Owl Capital by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company's stock valued at $80,179,000 after buying an additional 106,485 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several equities analysts have weighed in on OWL shares. Wells Fargo & Company lowered their target price on Blue Owl Capital from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 20th. Piper Sandler boosted their target price on Blue Owl Capital from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Monday, December 23rd. Evercore ISI boosted their price target on Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Friday, January 17th. Citigroup reissued a "buy" rating and issued a $30.00 target price on shares of Blue Owl Capital in a research report on Thursday, January 23rd. Finally, Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.33.

Blue Owl Capital Trading Down 13.5 %

OWL stock traded down $2.85 during midday trading on Thursday, hitting $18.31. The stock had a trading volume of 7,473,295 shares, compared to its average volume of 6,110,018. The firm has a market capitalization of $28.16 billion, a price-to-earnings ratio of 107.53, a P/E/G ratio of 1.23 and a beta of 1.19. The stock has a 50-day simple moving average of $22.20 and a 200 day simple moving average of $22.42. Blue Owl Capital Inc. has a 52 week low of $15.18 and a 52 week high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, hitting analysts' consensus estimates 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 forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were paid a $0.18 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.93%. Blue Owl Capital's dividend payout ratio is presently 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.