Blue Owl Capital Inc. (NYSE:OWL) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,426,251 shares of the company's stock after buying an additional 274,094 shares during the period. Geode Capital Management LLC owned about 0.56% of Blue Owl Capital worth $196,060,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in OWL. The Manufacturers Life Insurance Company lifted its position in shares of Blue Owl Capital by 14.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 114,277 shares of the company's stock worth $2,212,000 after purchasing an additional 14,411 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in Blue Owl Capital by 93.2% in the third quarter. Benjamin Edwards Inc. now owns 22,230 shares of the company's stock valued at $430,000 after buying an additional 10,721 shares during the last quarter. Quantinno Capital Management LP raised its stake in Blue Owl Capital by 13.6% in the third quarter. Quantinno Capital Management LP now owns 59,261 shares of the company's stock valued at $1,147,000 after buying an additional 7,112 shares in the last quarter. State Street Corp lifted its holdings in Blue Owl Capital by 5.6% during the 3rd quarter. State Street Corp now owns 8,452,073 shares of the company's stock worth $163,632,000 after buying an additional 449,066 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its position in shares of Blue Owl Capital by 1.4% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company's stock worth $622,000 after acquiring an additional 443 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have recently weighed in on OWL shares. Oppenheimer raised their target price on Blue Owl Capital from $24.00 to $28.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Cfra Research upgraded shares of Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. Evercore ISI upped their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Friday, January 17th. The Goldman Sachs Group lowered shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and cut their price target for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. Finally, Wells Fargo & Company decreased their price objective on shares of Blue Owl Capital from $22.00 to $19.00 and set an "equal weight" rating for the company in a research note on Tuesday. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Blue Owl Capital presently has an average rating of "Moderate Buy" and an average target price of $24.10.

Blue Owl Capital Stock Down 1.4 %

OWL stock traded down $0.24 during trading on Friday, hitting $16.96. The company had a trading volume of 15,575,195 shares, compared to its average volume of 6,447,007. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The firm has a 50-day moving average price of $20.62 and a 200-day moving average price of $22.28. The firm has a market cap of $26.07 billion, a PE ratio of 99.74, a price-to-earnings-growth 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 EPS 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%. Sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

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

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.