Geode Capital Management LLC Has $157.87 Million Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Geode Capital Management LLC lifted its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 14.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 8,152,157 shares of the company's stock after buying an additional 1,016,505 shares during the period. Geode Capital Management LLC owned 0.56% of Blue Owl Capital worth $157,870,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new position in shares of Blue Owl Capital in the 3rd quarter worth about $32,000. Family Firm Inc. purchased a new position in Blue Owl Capital in the second quarter valued at approximately $40,000. Rothschild Investment LLC acquired a new position in Blue Owl Capital during the second quarter valued at approximately $45,000. Signaturefd LLC grew its stake in Blue Owl Capital by 19.3% during the third quarter. Signaturefd LLC now owns 9,137 shares of the company's stock worth $177,000 after buying an additional 1,476 shares during the period. Finally, Boyd Wealth Management LLC acquired a new stake in shares of Blue Owl Capital in the second quarter worth $185,000. Institutional investors and hedge funds own 35.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. JMP Securities reissued a "market outperform" rating and issued a $27.00 price objective on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Oppenheimer raised their target price on Blue Owl Capital from $24.00 to $28.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a "buy" rating in a report on Friday, November 1st. Evercore ISI boosted their price objective on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an "outperform" rating in a report on Tuesday, October 8th. Finally, UBS Group raised 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. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $22.98.

Blue Owl Capital Price Performance

OWL stock traded down $0.51 on Tuesday, reaching $24.30. The company's stock had a trading volume of 7,678,537 shares, compared to its average volume of 5,543,967. The firm has a fifty day moving average of $23.12 and a two-hundred day moving average of $19.75. The company has a market capitalization of $36.29 billion, a P/E ratio of 142.94, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. Blue Owl Capital Inc. has a 52 week low of $14.28 and a 52 week high of $25.03.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The company had revenue of $600.88 million during the quarter, compared to analysts' expectations of $565.93 million. During the same quarter in the prior year, the business posted $0.16 earnings per share. As a group, equities analysts expect that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were paid a dividend of $0.18 per share. The ex-dividend date was Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 2.96%. Blue Owl Capital's payout ratio is 423.53%.

Blue Owl Capital Company 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.