Commonwealth Equity Services LLC Raises Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Commonwealth Equity Services LLC raised its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 322,830 shares of the company's stock after buying an additional 22,498 shares during the quarter. Commonwealth Equity Services LLC's holdings in Blue Owl Capital were worth $7,509,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. FMR LLC increased its position in Blue Owl Capital by 29.9% in the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company's stock valued at $683,874,000 after acquiring an additional 8,138,475 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Blue Owl Capital by 17.9% in 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. State Street Corp raised its stake in shares of Blue Owl Capital by 5.6% during the third quarter. State Street Corp now owns 8,452,073 shares of the company's stock worth $163,632,000 after purchasing an additional 449,066 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Blue Owl Capital by 14.2% during the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company's stock worth $157,870,000 after purchasing an additional 1,016,505 shares during the period. Finally, Westfield Capital Management Co. LP grew its position in Blue Owl Capital by 4.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company's stock valued at $130,415,000 after buying an additional 293,221 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Blue Owl Capital Stock Up 4.9 %

Shares of OWL traded up $1.01 during mid-day trading on Monday, reaching $21.66. 7,051,830 shares of the company's stock were exchanged, compared to its average volume of 5,932,117. Blue Owl Capital Inc. has a 52-week low of $15.18 and a 52-week high of $26.73. The company has a market cap of $33.31 billion, a price-to-earnings ratio of 127.43, a PEG ratio of 1.23 and a beta of 1.19. The company has a 50-day simple moving average of $22.67 and a two-hundred day simple moving average of $22.23.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data 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 net margin of 4.77% and a return on equity of 20.82%. As a group, equities research analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were paid a dividend of $0.18 per share. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 3.32%. Blue Owl Capital's dividend payout ratio is presently 423.53%.

Wall Street Analysts Forecast Growth

OWL has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a "market perform" rating in a research report on Friday, December 20th. Piper Sandler raised their price objective on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Monday, December 23rd. Oppenheimer lifted their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. JMP Securities restated a "market outperform" rating and set a $32.00 target price (up from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Finally, Wells Fargo & Company cut their price target on shares of Blue Owl Capital from $24.00 to $22.00 and set an "equal weight" rating for the company in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $26.33.

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.