Pictet Asset Management Holding SA Has $1.79 Million Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Pictet Asset Management Holding SA boosted its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 31.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,135 shares of the company's stock after purchasing an additional 18,622 shares during the quarter. Pictet Asset Management Holding SA's holdings in Blue Owl Capital were worth $1,794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rothschild Investment LLC boosted its holdings in shares of Blue Owl Capital by 316.1% during the fourth 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. lifted its position in Blue Owl Capital by 17.9% during the third 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 during the period. Arizona State Retirement System boosted its stake 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 worth $3,599,000 after buying an additional 19,810 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in Blue Owl Capital in the 4th quarter valued at about $1,773,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of 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 during 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 Trading Up 14.1 %

NYSE OWL traded up $2.24 on Wednesday, reaching $18.17. The stock had a trading volume of 22,749,366 shares, compared to its average volume of 6,370,940. Blue Owl Capital Inc. has a 1 year low of $14.55 and a 1 year high of $26.73. The business has a 50 day moving average price of $20.94 and a 200 day moving average price of $22.31. The company has a market capitalization of $27.94 billion, a price-to-earnings ratio of 106.89, a P/E/G ratio of 1.23 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released 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 net margin of 4.77% and a return on equity of 20.82%. On average, analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal 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 paid a $0.18 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.96%. Blue Owl Capital's payout ratio is 423.53%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Cfra Research raised Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. Evercore ISI raised their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. Citigroup decreased their target price on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a report on Tuesday. Piper Sandler cut their price target on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Keefe, Bruyette & Woods boosted 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 research note on Friday, December 20th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $24.10.

Blue Owl Capital Company 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.