BNP Paribas Financial Markets purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 46,662 shares of the company's stock, valued at approximately $1,085,000.
Other large investors have also recently bought and sold shares of the company. Rakuten Securities Inc. bought a new position in Blue Owl Capital in the 4th quarter valued at about $27,000. Allworth Financial LP raised 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 valued at $36,000 after acquiring an additional 428 shares during the period. Jones Financial Companies Lllp raised its holdings in Blue Owl Capital by 232.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock valued at $44,000 after acquiring an additional 1,315 shares during the period. Principal Securities Inc. raised its holdings in Blue Owl Capital by 30.6% in the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock valued at $45,000 after acquiring an additional 450 shares during the period. Finally, Blue Trust Inc. raised its holdings in Blue Owl Capital by 182.2% in the 4th quarter. Blue Trust Inc. now owns 2,029 shares of the company's stock valued at $47,000 after acquiring an additional 1,310 shares during the period. 35.85% of the stock is owned by institutional investors.
Blue Owl Capital Stock Performance
Shares of NYSE OWL traded up $0.02 during trading hours on Monday, hitting $18.25. 4,343,099 shares of the stock were exchanged, compared to its average volume of 6,865,061. The company has a market cap of $28.06 billion, a PE ratio of 107.33, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21. The company's fifty day simple moving average is $18.57 and its two-hundred day simple moving average is $21.55. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73.
Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $620.19 million for the quarter, compared to analyst estimates of $636.44 million. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.
Blue Owl Capital Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a dividend of $0.225 per share. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.90 annualized dividend and a dividend yield of 4.93%. Blue Owl Capital's dividend payout ratio (DPR) is currently 692.31%.
Analyst Upgrades and Downgrades
OWL has been the topic of several research analyst reports. Oppenheimer set a $24.00 price target on shares of Blue Owl Capital and gave the company an "outperform" rating in a report on Wednesday, April 16th. UBS Group decreased their target price on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. JMP Securities decreased their target price on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Piper Sandler decreased their target price on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Cfra Research upgraded shares of Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $23.40.
Read Our Latest Analysis on OWL
Blue Owl Capital 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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