Franklin Resources Inc. grew its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,928,919 shares of the company's stock after acquiring an additional 110,045 shares during the quarter. Franklin Resources Inc. owned about 0.20% of Blue Owl Capital worth $68,127,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Rakuten Securities Inc. bought a new stake in Blue Owl Capital during the 4th quarter valued at $27,000. Allworth Financial LP raised its stake in shares of Blue Owl Capital by 43.3% during the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after purchasing an additional 428 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Blue Owl Capital by 232.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock worth $44,000 after purchasing an additional 1,315 shares during the period. Principal Securities Inc. grew its position in Blue Owl Capital by 30.6% in the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock valued at $45,000 after buying an additional 450 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in Blue Owl Capital by 136.2% during the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock valued at $45,000 after buying an additional 1,110 shares during the period. Institutional investors and hedge funds own 35.85% of the company's stock.
Blue Owl Capital Trading Up 3.7 %
OWL stock traded up $0.61 during trading on Tuesday, hitting $17.02. 7,566,881 shares of the stock traded hands, compared to its average volume of 7,427,110. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73. The company has a 50 day simple moving average of $21.64 and a 200 day simple moving average of $22.41. The stock has a market cap of $26.17 billion, a price-to-earnings ratio of 99.95, a P/E/G ratio of 1.23 and a beta of 1.20.
Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, hitting 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, analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.
Blue Owl Capital Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were issued a $0.18 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.23%. Blue Owl Capital's dividend payout ratio (DPR) is 423.53%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. Cfra Research raised Blue Owl Capital to a "moderate buy" rating in a report on Thursday, March 27th. The Goldman Sachs Group downgraded shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $25.00 to $24.75 in a report on Monday, January 6th. Wells Fargo & Company reduced their target price on shares of Blue Owl Capital from $24.00 to $22.00 and set an "equal weight" rating for the company in a report on Thursday, March 20th. Piper Sandler dropped their price target on Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Citigroup reissued a "buy" rating and set a $30.00 price objective on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $25.17.
Check Out Our Latest Stock Report on Blue Owl Capital
Blue Owl Capital Company Profile
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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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