BNP Paribas Financial Markets Acquires New Shares in Blue Owl Capital Inc. (NYSE:OWL)

BNP Paribas Financial Markets acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 46,662 shares of the company's stock, valued at approximately $1,085,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Global Retirement Partners LLC boosted its position in shares of Blue Owl Capital by 1.6% during the 4th quarter. Global Retirement Partners LLC now owns 25,499 shares of the company's stock worth $593,000 after purchasing an additional 413 shares in the last quarter. Dynasty Wealth Management LLC boosted its position 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 worth $1,828,000 after purchasing an additional 417 shares in the last quarter. Allworth Financial LP boosted its position in shares of Blue Owl Capital by 43.3% during the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company's stock worth $36,000 after purchasing an additional 428 shares in the last quarter. Principal Securities Inc. boosted its position in shares of Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after purchasing an additional 450 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in Blue Owl Capital by 0.7% in the 4th quarter. IFP Advisors Inc now owns 88,142 shares of the company's stock valued at $2,055,000 after acquiring an additional 632 shares in the last quarter. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Trading Up 0.1%

Shares of OWL stock traded up $0.02 during trading hours on Friday, hitting $18.25. 4,343,099 shares of the company were exchanged, compared to its average volume of 6,854,322. The firm has a fifty day simple moving average of $18.66 and a 200 day simple moving average of $21.62. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The stock has a market capitalization of $28.06 billion, a price-to-earnings ratio of 107.33, a P/E/G ratio of 1.23 and a beta of 1.21.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued 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). Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. The company had revenue of $620.19 million for the quarter, compared to analysts' expectations of $636.44 million. Sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.225 per share. 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%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio (DPR) is presently 692.31%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and raised their price target for the company from $20.00 to $23.00 in a research report on Tuesday. Oppenheimer set a $24.00 price target on shares of Blue Owl Capital and gave the company an "outperform" rating in a research report on Wednesday, April 16th. Citigroup dropped their price target on shares of 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. Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. Finally, Piper Sandler dropped 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 research report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $23.40.

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.