Victory Capital Management Inc. Acquires 130,177 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Victory Capital Management Inc. raised its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 20.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 779,640 shares of the company's stock after acquiring an additional 130,177 shares during the period. Victory Capital Management Inc. owned about 0.05% of Blue Owl Capital worth $18,134,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of OWL. Rothschild Investment LLC boosted its stake in Blue Owl Capital by 316.1% in the fourth quarter. Rothschild Investment LLC now owns 33,955 shares of the company's stock valued at $790,000 after acquiring an additional 25,795 shares during the last quarter. JPMorgan Chase & Co. raised its position in 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 buying an additional 1,372,865 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Blue Owl Capital in the fourth quarter worth $1,773,000. Westfield Capital Management Co. LP grew its holdings in shares of Blue Owl Capital by 4.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company's stock valued at $130,415,000 after acquiring an additional 293,221 shares in the last quarter. Finally, Capital CS Group LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $620,000. Institutional investors and hedge funds own 35.85% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on OWL shares. The Goldman Sachs Group cut Blue Owl Capital from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $25.00 to $24.75 in a report on Monday, January 6th. Evercore ISI raised their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Friday, January 17th. TD Cowen raised Blue Owl Capital from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. Barclays began coverage on Blue Owl Capital in a research note on Monday, February 24th. They issued an "overweight" rating and a $29.00 price objective for the company. Finally, Oppenheimer lifted their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Blue Owl Capital presently has an average rating of "Moderate Buy" and a consensus price target of $26.48.

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Blue Owl Capital Trading Up 1.5 %

Shares of Blue Owl Capital stock opened at $18.85 on Wednesday. The firm has a market cap of $28.98 billion, a P/E ratio of 110.87, a P/E/G ratio of 1.23 and a beta of 1.19. The stock's fifty day moving average price is $23.21 and its 200-day moving average price is $22.09. Blue Owl Capital Inc. has a 12 month low of $15.18 and a 12 month high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. Analysts forecast 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 declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 3.82%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital's dividend payout ratio is currently 423.53%.

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.

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