Manning & Napier Advisors LLC lessened its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 38.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 200,000 shares of the company's stock after selling 125,000 shares during the period. Manning & Napier Advisors LLC's holdings in Blue Owl Capital were worth $4,652,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its position in Blue Owl Capital by 29.9% during the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company's stock worth $683,874,000 after acquiring an additional 8,138,475 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Blue Owl Capital by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock valued at $174,829,000 after purchasing an additional 1,372,865 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Blue Owl Capital by 14.2% during the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company's stock worth $157,870,000 after purchasing an additional 1,016,505 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Blue Owl Capital by 29.1% in the third quarter. HighTower Advisors LLC now owns 3,599,852 shares of the company's stock valued at $69,690,000 after buying an additional 811,334 shares during the period. Finally, M&G PLC bought a new position in Blue Owl Capital in the 3rd quarter valued at approximately $14,720,000. Institutional investors and hedge funds own 35.85% of the company's stock.
Analyst Ratings Changes
Several equities analysts have issued reports on OWL shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods raised their target price on Blue Owl Capital from $22.00 to $26.00 and gave the stock a "market perform" rating in a research report on Friday, December 20th. Piper Sandler upped their price target on Blue Owl Capital from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Monday, December 23rd. Evercore ISI upped their target price on Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Friday, January 17th. Finally, Citigroup reaffirmed a "buy" rating and issued a $30.00 price objective on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Blue Owl Capital has an average rating of "Moderate Buy" and a consensus price target of $25.85.
Read Our Latest Analysis on OWL
Blue Owl Capital Price Performance
Shares of OWL traded up $0.28 during trading hours on Thursday, hitting $25.92. The stock had a trading volume of 1,336,359 shares, compared to its average volume of 6,446,271. The firm has a 50 day simple moving average of $23.92 and a 200-day simple moving average of $21.13. Blue Owl Capital Inc. has a 1-year low of $15.18 and a 1-year high of $26.73. The firm has a market capitalization of $38.70 billion, a P/E ratio of 152.40, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14.
Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.20. The company had revenue of $600.88 million for the quarter, compared to analysts' expectations of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same period last year, the business earned $0.16 EPS. Equities analysts predict that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.
About Blue Owl Capital
(
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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