JPMorgan Chase & Co. raised its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,248,983 shares of the company's stock after purchasing an additional 218,586 shares during the period. JPMorgan Chase & Co. owned 0.62% of Blue Owl Capital worth $215,131,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in OWL. The Manufacturers Life Insurance Company raised its position in shares of Blue Owl Capital by 14.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 114,277 shares of the company's stock worth $2,212,000 after buying an additional 14,411 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Blue Owl Capital by 22.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 85,406 shares of the company's stock worth $1,653,000 after purchasing an additional 15,613 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of Blue Owl Capital by 4.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 170,145 shares of the company's stock valued at $3,294,000 after purchasing an additional 6,701 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in shares of Blue Owl Capital during the 3rd quarter worth about $510,000. Finally, Benjamin Edwards Inc. increased its position in Blue Owl Capital by 93.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 22,230 shares of the company's stock worth $430,000 after purchasing an additional 10,721 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on OWL. Piper Sandler lifted their price target on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Monday, December 23rd. Barclays began coverage on shares of Blue Owl Capital in a report on Monday, February 24th. They set an "overweight" rating and a $29.00 target price on the stock. The Goldman Sachs Group downgraded Blue Owl Capital from a "buy" rating to a "neutral" rating and lowered their price target for the company from $25.00 to $24.75 in a report on Monday, January 6th. Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. Finally, Evercore ISI increased their target price 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. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $26.33.
Read Our Latest Stock Analysis on OWL
Blue Owl Capital Stock Performance
Shares of OWL stock traded down $3.30 during mid-day trading on Thursday, reaching $17.86. 15,587,405 shares of the company were exchanged, compared to its average volume of 7,113,604. The business's 50 day simple moving average is $22.20 and its 200 day simple moving average is $22.42. The company has a market capitalization of $27.47 billion, a P/E ratio of 105.09, a P/E/G ratio of 1.23 and a beta of 1.19. Blue Owl Capital Inc. has a fifty-two week low of $15.18 and a fifty-two week high of $26.73.
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 net margin of 4.77% and a return on equity of 20.82%. On average, analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.
Blue Owl Capital Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.03%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital's payout ratio is currently 423.53%.
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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