79,801 Shares in Blue Owl Capital Inc. (NYSE:OWL) Bought by Bank of Montreal Can

Bank of Montreal Can acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 79,801 shares of the company's stock, valued at approximately $1,856,000.

A number of other hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Blue Owl Capital by 28.1% during the fourth quarter. FMR LLC now owns 45,241,160 shares of the company's stock valued at $1,052,309,000 after purchasing an additional 9,917,071 shares in the last quarter. Norges Bank bought a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $137,118,000. Vanguard Group Inc. boosted its stake in shares of Blue Owl Capital by 11.7% in the 4th quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock worth $1,237,581,000 after buying an additional 5,558,868 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Blue Owl Capital by 17.9% in the 3rd 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 last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Blue Owl Capital by 23.8% in the fourth quarter. Federated Hermes Inc. now owns 6,876,700 shares of the company's stock valued at $159,952,000 after acquiring an additional 1,322,800 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

OWL stock traded up $0.46 during midday trading on Tuesday, reaching $16.96. 8,799,534 shares of the company's stock traded hands, compared to its average volume of 6,649,914. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73. The company has a 50-day moving average price of $19.68 and a two-hundred day moving average price of $22.16. The firm has a market capitalization of $26.08 billion, a PE ratio of 99.77, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20.

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, hitting 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, analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were given a $0.18 dividend. 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 4.25%. Blue Owl Capital's dividend payout ratio (DPR) is currently 423.53%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Citigroup cut their price objective on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. 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, April 8th. JMP Securities decreased their price objective on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Barclays dropped their target price on shares of Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Finally, Cfra Research upgraded shares of Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.79.

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.