Fmr LLC Acquires 9,917,071 Shares of Blue Owl Capital Inc. (NYSE:OWL)

FMR LLC boosted its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 28.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,241,160 shares of the company's stock after purchasing an additional 9,917,071 shares during the period. FMR LLC owned about 3.03% of Blue Owl Capital worth $1,052,309,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Rothschild Investment LLC grew its holdings in shares of Blue Owl Capital by 316.1% during the fourth quarter. Rothschild Investment LLC now owns 33,955 shares of the company's stock worth $790,000 after buying an additional 25,795 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Blue Owl Capital by 17.9% during 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 during the last quarter. Arizona State Retirement System grew its stake in shares of Blue Owl Capital by 14.7% during the 4th quarter. Arizona State Retirement System now owns 154,708 shares of the company's stock worth $3,599,000 after acquiring an additional 19,810 shares in the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $1,773,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Blue Owl Capital by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company's stock worth $80,179,000 after purchasing an additional 106,485 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company's stock.

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Blue Owl Capital Stock Down 1.4 %

Shares of NYSE OWL traded down $0.24 during mid-day trading on Friday, reaching $16.96. 15,575,195 shares of the company were exchanged, compared to its average volume of 6,463,190. The stock has a market capitalization of $26.07 billion, a P/E ratio of 99.74, a P/E/G ratio of 1.23 and a beta of 1.20. The company's 50-day simple moving average is $20.62 and its 200-day simple moving average is $22.31. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were paid a $0.18 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 4.25%. Blue Owl Capital's dividend payout ratio (DPR) is presently 423.53%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OWL. JMP Securities decreased their target price on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Piper Sandler lowered their target price on Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Barclays dropped their target price on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Evercore ISI raised their price target on Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Friday, January 17th. Finally, Wells Fargo & Company cut their price objective on Blue Owl Capital from $22.00 to $19.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently 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.