Corient Private Wealth LLC boosted its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 33.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,502 shares of the company's stock after buying an additional 38,635 shares during the period. Corient Private Wealth LLC's holdings in Blue Owl Capital were worth $3,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OWL. Rakuten Securities Inc. purchased a new stake in Blue Owl Capital in the 4th quarter worth approximately $27,000. Allworth Financial LP boosted its stake in shares of Blue Owl Capital by 43.3% during the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company's stock worth $36,000 after acquiring an additional 428 shares in the last quarter. Jones Financial Companies Lllp boosted its position 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 in the last quarter. 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. Finally, Principal Securities Inc. grew its holdings in Blue Owl Capital by 30.6% in the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock valued at $45,000 after purchasing an additional 450 shares during the period. Institutional investors and hedge funds own 35.85% of the company's stock.
Blue Owl Capital Stock Performance
NYSE OWL traded down $0.60 on Wednesday, reaching $21.05. The company's stock had a trading volume of 5,607,475 shares, compared to its average volume of 5,943,191. The stock has a market cap of $32.37 billion, a PE ratio of 123.83, a PEG ratio of 1.23 and a beta of 1.19. Blue Owl Capital Inc. has a twelve month low of $15.18 and a twelve month high of $26.73. The firm's 50 day moving average is $22.64 and its two-hundred day moving average is $22.30.
Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, meeting analysts' consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. Equities research analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.
Blue Owl Capital Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital's dividend payout ratio is 423.53%.
Wall Street Analyst Weigh In
OWL has been the subject of several research reports. Barclays initiated coverage on Blue Owl Capital in a research note on Monday, February 24th. They set an "overweight" rating and a $29.00 price objective for the company. JMP Securities reissued a "market outperform" rating and issued a $32.00 price target (up previously from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Piper Sandler lifted their price target on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note on Monday, December 23rd. Citigroup reiterated a "buy" rating and issued a $30.00 price target on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Finally, Oppenheimer upped their target price on Blue Owl Capital from $24.00 to $28.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $26.33.
View Our Latest Report on Blue Owl Capital
About Blue Owl Capital
(
Free Report)
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.
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