Blue Owl Capital Inc. (NYSE:OWL) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. grew its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 23.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,876,700 shares of the company's stock after buying an additional 1,322,800 shares during the period. Federated Hermes Inc. owned 0.46% of Blue Owl Capital worth $159,952,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Blue Owl Capital by 11.7% during the 4th quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock worth $1,237,581,000 after purchasing an additional 5,558,868 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Blue Owl Capital by 2.4% in the fourth quarter. JPMorgan Chase & Co. now owns 9,248,983 shares of the company's stock valued at $215,131,000 after purchasing an additional 218,586 shares during the period. State Street Corp increased its stake in shares of Blue Owl Capital by 5.6% during the 3rd quarter. State Street Corp now owns 8,452,073 shares of the company's stock valued at $163,632,000 after acquiring an additional 449,066 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Blue Owl Capital by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 8,426,251 shares of the company's stock worth $196,060,000 after acquiring an additional 274,094 shares during the last quarter. Finally, Norges Bank purchased a new stake in Blue Owl Capital in the fourth quarter valued at approximately $137,118,000. 35.85% of the stock is owned by institutional investors and hedge funds.

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Blue Owl Capital Trading Down 2.7 %

NYSE OWL traded down $0.46 during mid-day trading on Friday, reaching $16.73. 6,841,468 shares of the company's stock traded hands, compared to its average volume of 6,397,801. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The company has a fifty day simple moving average of $20.78 and a 200-day simple moving average of $22.30. The company has a market cap of $25.72 billion, a price-to-earnings ratio of 97.96, a P/E/G ratio of 1.23 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, hitting analysts' consensus estimates of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. Equities research analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 4.30%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital's payout ratio is currently 423.53%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on OWL shares. Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. The Goldman Sachs Group downgraded shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. Wells Fargo & Company cut their target price on shares of Blue Owl Capital from $22.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Citigroup reduced their target price on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, TD Cowen raised Blue Owl Capital from a "hold" rating to a "buy" rating and raised their price objective for the company from $26.00 to $28.00 in a research report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital has a consensus rating of "Moderate Buy" and a consensus target price of $24.10.

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.