Kestra Private Wealth Services LLC Takes Position in Blue Owl Capital Inc. (NYSE:OWL)

Kestra Private Wealth Services LLC bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 21,894 shares of the company's stock, valued at approximately $509,000.

A number of other large investors have also modified their holdings of the business. Creative Planning grew its holdings in Blue Owl Capital by 4.1% during the third quarter. Creative Planning now owns 52,847 shares of the company's stock worth $1,023,000 after acquiring an additional 2,076 shares during the period. Global Retirement Partners LLC grew its stake in shares of Blue Owl Capital by 9,585.7% during the 3rd quarter. Global Retirement Partners LLC now owns 25,086 shares of the company's stock worth $486,000 after purchasing an additional 24,827 shares during the period. Raymond James & Associates increased its holdings in shares of Blue Owl Capital by 41.8% in the 3rd quarter. Raymond James & Associates now owns 308,465 shares of the company's stock valued at $5,972,000 after purchasing an additional 90,998 shares in the last quarter. OLD National Bancorp IN acquired a new stake in shares of Blue Owl Capital in the third quarter valued at about $254,000. Finally, Border to Coast Pensions Partnership Ltd boosted its holdings in Blue Owl Capital by 58.3% during the third quarter. Border to Coast Pensions Partnership Ltd now owns 475,000 shares of the company's stock worth $9,169,000 after buying an additional 175,000 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OWL has been the subject of a number of research analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $32.00 target price (up from $30.00) on shares of Blue Owl Capital in a report on Friday, February 7th. TD Cowen upgraded Blue Owl Capital from a "hold" rating to a "buy" rating and upped their price target for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. Wells Fargo & Company reduced their price objective on Blue Owl Capital from $25.00 to $24.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. Citigroup reissued a "buy" rating and issued a $30.00 target price on shares of Blue Owl Capital in a report on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Blue Owl Capital from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.27.

Blue Owl Capital Stock Performance

OWL stock traded up $0.04 during trading on Wednesday, hitting $24.00. The stock had a trading volume of 2,524,157 shares, compared to its average volume of 6,175,135. The stock has a market cap of $35.84 billion, a price-to-earnings ratio of 141.16, a price-to-earnings-growth ratio of 1.27 and a beta of 1.15. The company's 50 day moving average price is $24.10 and its two-hundred day moving average price is $21.69. Blue Owl Capital Inc. has a 1-year low of $15.18 and a 1-year high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, meeting analysts' consensus estimates of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. As a group, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Wednesday, February 19th. Blue Owl Capital's dividend payout ratio is presently 423.55%.

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.