Connor Clark & Lunn Investment Management Ltd. bought a new position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 78,683 shares of the company's stock, valued at approximately $1,830,000.
Several other institutional investors have also recently made changes to their positions in OWL. FMR LLC raised its position in shares of Blue Owl Capital by 29.9% in the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company's stock worth $683,874,000 after acquiring an additional 8,138,475 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Blue Owl Capital by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock worth $174,829,000 after acquiring an additional 1,372,865 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Blue Owl Capital by 14.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company's stock worth $157,870,000 after acquiring an additional 1,016,505 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Blue Owl Capital in the 4th quarter worth approximately $23,513,000. Finally, HighTower Advisors LLC raised its position in shares of Blue Owl Capital by 29.1% in the 3rd quarter. HighTower Advisors LLC now owns 3,599,852 shares of the company's stock worth $69,690,000 after acquiring an additional 811,334 shares in the last quarter. Institutional investors own 35.85% of the company's stock.
Blue Owl Capital Stock Up 0.2 %
Shares of NYSE OWL traded up $0.05 during trading on Friday, reaching $20.69. 11,326,640 shares of the company traded hands, compared to its average volume of 5,918,458. The firm has a 50 day simple moving average of $22.67 and a 200-day simple moving average of $22.15. The stock has a market capitalization of $31.81 billion, a PE ratio of 121.68, a P/E/G ratio of 1.23 and a beta of 1.19. 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 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, research analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current year.
Blue Owl Capital Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital's payout ratio is 423.53%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on OWL. Oppenheimer lifted their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. JMP Securities reissued a "market outperform" rating and set a $32.00 price objective (up from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. TD Cowen raised shares of Blue Owl Capital from a "hold" rating to a "buy" rating and increased their price objective for the company from $26.00 to $28.00 in a research report on Thursday, January 16th. The Goldman Sachs Group downgraded shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and cut their price objective for the company from $25.00 to $24.75 in a research report on Monday, January 6th. Finally, Piper Sandler increased 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. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Blue Owl Capital currently has an average rating of "Moderate Buy" and an average price target of $26.33.
Read Our Latest Stock Report on OWL
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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