Norges Bank Invests $137.12 Million in Blue Owl Capital Inc. (NYSE:OWL)

Norges Bank 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 and Exchange Commission (SEC). The institutional investor purchased 5,895,014 shares of the company's stock, valued at approximately $137,118,000. Norges Bank owned about 0.39% of Blue Owl Capital at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of OWL. Global Retirement Partners LLC lifted its stake in shares of Blue Owl Capital by 1.6% in the 4th quarter. Global Retirement Partners LLC now owns 25,499 shares of the company's stock worth $593,000 after acquiring an additional 413 shares during the period. Dynasty Wealth Management LLC raised its holdings in Blue Owl Capital by 0.5% during the fourth quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company's stock worth $1,828,000 after purchasing an additional 417 shares in the last quarter. Allworth Financial LP lifted its position in Blue Owl Capital by 43.3% in the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after purchasing an additional 428 shares during the period. Kovitz Investment Group Partners LLC boosted its holdings in Blue Owl Capital by 1.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company's stock valued at $622,000 after purchasing an additional 443 shares in the last quarter. Finally, Principal Securities Inc. increased its position in Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after purchasing an additional 450 shares during the period. 35.85% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analysts Set New Price Targets

A number of research firms recently weighed in on OWL. The Goldman Sachs Group downgraded Blue Owl Capital from a "buy" rating to a "neutral" rating and decreased their price target for the company from $25.00 to $24.75 in a research note on Monday, January 6th. Keefe, Bruyette & Woods upped their price target on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a "market perform" rating in a research note on Friday, December 20th. Citigroup reiterated a "buy" rating and issued a $30.00 price objective on shares of Blue Owl Capital in a research note on Thursday, January 23rd. JMP Securities reissued a "market outperform" rating and set a $32.00 price objective (up previously from $30.00) on shares of Blue Owl Capital in a report on Friday, February 7th. Finally, Oppenheimer increased their target price on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $26.33.

Blue Owl Capital Stock Performance

OWL stock traded down $3.30 on Thursday, reaching $17.86. The company had a trading volume of 15,587,405 shares, compared to its average volume of 7,113,604. The company's fifty day moving average is $22.20 and its 200 day moving average is $22.42. The company has a market cap of $27.47 billion, a P/E ratio of 105.09, a PEG ratio of 1.23 and a beta of 1.19. 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 issued its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) 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%. On average, sell-side analysts predict 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 declared 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 of this dividend was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.03%. Blue Owl Capital's dividend payout ratio (DPR) 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.