Massachusetts Financial Services Co. MA Has $12.39 Million Stake in Blue Owl Capital Inc. (NYSE:OWL)

Massachusetts Financial Services Co. MA increased its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 49.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 532,705 shares of the company's stock after purchasing an additional 175,945 shares during the period. Massachusetts Financial Services Co. MA's holdings in Blue Owl Capital were worth $12,391,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Blue Owl Capital during the fourth quarter valued at $137,118,000. Vanguard Group Inc. grew its stake in Blue Owl Capital by 11.7% during the 4th quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock valued at $1,237,581,000 after acquiring an additional 5,558,868 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Blue Owl Capital by 17.9% in the 3rd 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 during the period. CIBC Private Wealth Group LLC lifted its position in shares of Blue Owl Capital by 48.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 3,244,057 shares of the company's stock worth $75,392,000 after purchasing an additional 1,057,101 shares in the last quarter. Finally, Geode Capital Management LLC boosted 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 period. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

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Blue Owl Capital Trading Down 1.4 %

NYSE:OWL traded down $0.24 during mid-day trading on Friday, hitting $16.96. 15,575,195 shares of the company's stock traded hands, compared to its average volume of 6,447,007. The firm has a market capitalization of $26.07 billion, a price-to-earnings ratio of 99.74, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. The firm has a 50 day moving average of $20.62 and a two-hundred day moving average of $22.28. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month 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 the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, equities 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 business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 4.25%. Blue Owl Capital's payout ratio is 423.53%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on OWL shares. Cfra Research upgraded shares of Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. The Goldman Sachs Group downgraded shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $25.00 to $24.75 in a research report on Monday, January 6th. Citigroup dropped their price target on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods upped their price objective on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a "market perform" rating in a report on Friday, December 20th. Finally, Wells Fargo & Company lowered their target price on shares of Blue Owl Capital from $22.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.10.

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.