KLP Kapitalforvaltning AS Invests $2.51 Million in Blue Owl Capital Inc. (NYSE:OWL)

KLP Kapitalforvaltning AS purchased a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 107,900 shares of the company's stock, valued at approximately $2,510,000.

A number of other large investors have also modified their holdings of OWL. Rothschild Investment LLC grew its position in Blue Owl Capital by 316.1% in the 4th quarter. Rothschild Investment LLC now owns 33,955 shares of the company's stock worth $790,000 after purchasing an additional 25,795 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Blue Owl Capital by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock worth $174,829,000 after buying an additional 1,372,865 shares in the last quarter. Arizona State Retirement System increased its position in Blue Owl Capital by 14.7% in the 4th quarter. Arizona State Retirement System now owns 154,708 shares of the company's stock valued at $3,599,000 after acquiring an additional 19,810 shares during the period. Princeton Global Asset Management LLC bought a new stake in Blue Owl Capital during the 4th quarter valued at $1,773,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Blue Owl Capital by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company's stock valued at $80,179,000 after acquiring an additional 106,485 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company's stock.

Wall Street Analysts Forecast Growth

OWL has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price target on Blue Owl Capital from $24.00 to $22.00 and set an "equal weight" rating on the stock in a report on Thursday, March 20th. Barclays initiated coverage on shares of Blue Owl Capital in a research note on Monday, February 24th. They set an "overweight" rating and a $29.00 target price on the stock. Evercore ISI upped their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. The Goldman Sachs Group lowered shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $25.00 to $24.75 in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods boosted their target price on Blue Owl Capital from $22.00 to $26.00 and gave the stock a "market perform" rating in a report on Friday, December 20th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.33.

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Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock traded down $0.22 during trading on Friday, hitting $20.19. 5,394,143 shares of the stock traded hands, compared to its average volume of 6,087,295. The stock has a market cap of $31.04 billion, a P/E ratio of 118.74, a PEG ratio of 1.23 and a beta of 1.19. The company has a fifty day moving average price of $22.46 and a two-hundred day moving average price of $22.38. Blue Owl Capital Inc. has a twelve month low of $15.18 and a twelve month high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) 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%. On average, equities research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital's dividend payout ratio 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.