Blue Owl Capital Inc. (NYSE:OWL) Shares Acquired by LPL Financial LLC

LPL Financial LLC raised its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 30.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,824 shares of the company's stock after purchasing an additional 26,611 shares during the period. LPL Financial LLC's holdings in Blue Owl Capital were worth $2,671,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. State Street Corp lifted its stake in Blue Owl Capital by 5.6% in the third quarter. State Street Corp now owns 8,452,073 shares of the company's stock worth $163,632,000 after acquiring an additional 449,066 shares during the period. Orion Portfolio Solutions LLC boosted its stake in shares of Blue Owl Capital by 7.4% during the third quarter. Orion Portfolio Solutions LLC now owns 52,969 shares of the company's stock valued at $1,025,000 after purchasing an additional 3,649 shares in the last quarter. Barclays PLC raised its stake in Blue Owl Capital by 13.7% in the third quarter. Barclays PLC now owns 1,571,806 shares of the company's stock worth $30,430,000 after buying an additional 189,082 shares in the last quarter. M&T Bank Corp lifted its holdings in Blue Owl Capital by 24.5% during the third quarter. M&T Bank Corp now owns 17,371 shares of the company's stock worth $336,000 after buying an additional 3,420 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Blue Owl Capital by 14.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company's stock worth $157,870,000 after acquiring an additional 1,016,505 shares in the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

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Blue Owl Capital Price Performance

OWL stock traded up $0.36 during trading on Tuesday, hitting $17.57. 9,445,795 shares of the company traded hands, compared to its average volume of 6,503,586. Blue Owl Capital Inc. has a 1 year low of $14.55 and a 1 year high of $26.73. The company has a market cap of $27.02 billion, a PE ratio of 103.35, a P/E/G ratio of 1.23 and a beta of 1.20. The stock's 50-day simple moving average is $20.47 and its 200 day simple moving average is $22.29.

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 for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. Research analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

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 dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital's payout ratio is currently 423.53%.

Analysts Set New Price Targets

Several equities analysts have issued reports on OWL shares. Barclays cut their target price on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Keefe, Bruyette & Woods raised their target price on shares of Blue Owl Capital from $22.00 to $26.00 and gave the company a "market perform" rating in a research note on Friday, December 20th. Wells Fargo & Company decreased their price objective on Blue Owl Capital from $22.00 to $19.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group downgraded Blue Owl Capital from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. Finally, JMP Securities lowered their target price on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $24.10.

About Blue Owl Capital

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.