JPMorgan Chase & Co. lifted its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 17.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,030,397 shares of the company's stock after acquiring an additional 1,372,865 shares during the period. JPMorgan Chase & Co. owned approximately 0.60% of Blue Owl Capital worth $174,829,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in OWL. ORG Wealth Partners LLC bought a new position in Blue Owl Capital in the third quarter valued at about $32,000. Rothschild Investment LLC bought a new stake in shares of Blue Owl Capital during the 2nd quarter valued at approximately $45,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Blue Owl Capital during the 3rd quarter valued at approximately $138,000. Signaturefd LLC increased its position in Blue Owl Capital by 19.3% during the 3rd quarter. Signaturefd LLC now owns 9,137 shares of the company's stock worth $177,000 after purchasing an additional 1,476 shares in the last quarter. Finally, Chiron Investment Management LLC bought a new position in Blue Owl Capital in the 3rd quarter valued at approximately $196,000. Institutional investors and hedge funds own 35.85% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. JMP Securities reiterated a "market outperform" rating and set a $27.00 price target on shares of Blue Owl Capital in a report on Wednesday, December 4th. Piper Sandler upped their target price on Blue Owl Capital from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Monday, December 23rd. Keefe, Bruyette & Woods increased their target price on Blue Owl Capital from $22.00 to $26.00 and gave the company a "market perform" rating in a research report on Friday, December 20th. UBS Group boosted their price target on Blue Owl Capital from $20.00 to $27.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company raised their price objective on shares of Blue Owl Capital from $23.00 to $25.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $23.73.
View Our Latest Stock Report on OWL
Blue Owl Capital Stock Performance
Shares of NYSE:OWL traded down $0.13 during trading on Wednesday, reaching $23.26. The stock had a trading volume of 2,297,888 shares, compared to its average volume of 5,494,523. Blue Owl Capital Inc. has a 52 week low of $14.37 and a 52 week high of $25.03. The firm's fifty day moving average is $23.37 and its 200 day moving average is $20.20. The stock has a market cap of $34.74 billion, a price-to-earnings ratio of 136.83, a P/E/G ratio of 1.66 and a beta of 1.14.
Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting analysts' consensus estimates of $0.20. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The firm had revenue of $600.88 million during the quarter, compared to the consensus estimate of $565.93 million. During the same period last year, the business posted $0.16 EPS. On average, research analysts forecast that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.
Blue Owl Capital Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a yield of 3.10%. Blue Owl Capital's payout ratio is currently 423.53%.
Blue Owl Capital Profile
(
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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