Vanguard Group Inc. Grows Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

Vanguard Group Inc. increased its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 53,206,392 shares of the company's stock after purchasing an additional 5,558,868 shares during the quarter. Vanguard Group Inc. owned approximately 3.56% of Blue Owl Capital worth $1,237,581,000 at the end of the most recent quarter.

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

Shares of OWL traded down $0.40 during mid-day trading on Monday, hitting $19.76. 2,377,938 shares of the stock were exchanged, compared to its average volume of 6,072,928. The company has a market cap of $30.38 billion, a PE ratio of 115.94, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19. Blue Owl Capital Inc. has a 52-week low of $15.18 and a 52-week high of $26.73. The firm has a 50-day moving average of $22.46 and a two-hundred day moving average of $22.38.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results 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 net margin of 4.77% and a return on equity of 20.82%. On average, sell-side analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital's payout ratio is 423.53%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Piper Sandler increased their price objective on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note on Monday, December 23rd. Barclays started coverage on Blue Owl Capital in a research note on Monday, February 24th. They issued an "overweight" rating and a $29.00 price target for the company. JMP Securities restated a "market outperform" rating and issued a $32.00 price objective (up from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. TD Cowen upgraded Blue Owl Capital from a "hold" rating to a "buy" rating and increased their target price for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. Finally, Oppenheimer lifted their target price on Blue Owl Capital from $24.00 to $28.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Blue Owl Capital has a consensus rating of "Moderate Buy" and a consensus target price of $26.33.

About Blue Owl Capital

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.