Empowered Funds LLC increased its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 426,303 shares of the company's stock after buying an additional 20,409 shares during the period. Empowered Funds LLC's holdings in Blue Owl Capital were worth $9,916,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. ORG Wealth Partners LLC acquired a new stake in shares of Blue Owl Capital during the 3rd quarter worth about $32,000. Versant Capital Management Inc increased its holdings in shares of Blue Owl Capital by 136.2% in the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock valued at $45,000 after acquiring an additional 1,110 shares during the period. Blue Trust Inc. raised its position in Blue Owl Capital by 182.2% in the 4th quarter. Blue Trust Inc. now owns 2,029 shares of the company's stock valued at $47,000 after purchasing an additional 1,310 shares during the last quarter. Copeland Capital Management LLC purchased a new position in Blue Owl Capital during the 4th quarter worth $103,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Blue Owl Capital during the 3rd quarter worth $138,000. Hedge funds and other institutional investors own 35.85% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on OWL. Citigroup reissued a "buy" rating and set a $30.00 price target on shares of Blue Owl Capital in a report on Thursday, January 23rd. UBS Group lifted their target price on Blue Owl Capital from $20.00 to $27.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their price target on Blue Owl Capital from $22.00 to $26.00 and gave the stock a "market perform" rating in a research note on Friday, December 20th. Oppenheimer lifted their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Finally, Piper Sandler upped their price objective on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Monday, December 23rd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital currently has an average rating of "Moderate Buy" and an average target price of $26.27.
Read Our Latest Stock Report on Blue Owl Capital
Blue Owl Capital Stock Performance
OWL stock traded up $0.18 during trading on Thursday, reaching $23.48. 4,653,782 shares of the company were exchanged, compared to its average volume of 6,466,023. 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 $35.06 billion, a P/E ratio of 138.10, a PEG ratio of 1.34 and a beta of 1.15. The stock's 50 day moving average price is $24.07 and its 200 day moving average price is $21.52.
Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, equities research analysts forecast 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 will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be given a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.07%. Blue Owl Capital's dividend payout ratio is presently 423.55%.
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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