SBI Securities Co. Ltd. acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 19,770 shares of the company's stock, valued at approximately $460,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OWL. Global Retirement Partners LLC lifted its holdings in Blue Owl Capital by 1.6% in the 4th quarter. Global Retirement Partners LLC now owns 25,499 shares of the company's stock valued at $593,000 after acquiring an additional 413 shares during the last quarter. Dynasty Wealth Management LLC lifted its stake 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 valued at $1,828,000 after purchasing an additional 417 shares during the last quarter. Allworth Financial LP boosted its holdings in Blue Owl Capital by 43.3% during the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock worth $36,000 after buying an additional 428 shares in the last quarter. Kovitz Investment Group Partners LLC grew its position in Blue Owl Capital by 1.4% in the third quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company's stock worth $622,000 after buying an additional 443 shares during the last quarter. Finally, Principal Securities Inc. grew its position in Blue Owl Capital by 30.6% in the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after buying an additional 450 shares during the last quarter. Institutional investors own 35.85% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on OWL. Keefe, Bruyette & Woods raised their price objective on 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. Wells Fargo & Company dropped their price target on Blue Owl Capital from $25.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 14th. Citigroup restated a "buy" rating and set a $30.00 price objective on shares of Blue Owl Capital in a report on Thursday, January 23rd. Evercore ISI raised their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. Finally, Oppenheimer boosted their price target 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 investment 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 company has an average rating of "Moderate Buy" and a consensus target price of $26.48.
View Our Latest Stock Report on OWL
Blue Owl Capital Stock Up 0.6 %
Shares of NYSE:OWL traded up $0.13 during trading on Friday, reaching $19.49. 8,898,623 shares of the company traded hands, compared to its average volume of 6,778,542. The firm has a fifty day simple moving average of $23.48 and a 200 day simple moving average of $22.00. 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 cap of $29.96 billion, a P/E ratio of 114.62, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19.
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 analysts' consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, research analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current year.
Blue Owl Capital Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.70%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital's payout ratio is presently 423.53%.
Blue Owl Capital Company Profile
(
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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