Jefferies Financial Group Inc. Takes Position in Blue Owl Capital Inc. (NYSE:OWL)

Key Points

• Jefferies Financial Group Inc. has acquired a new stake in Blue Owl Capital Inc. worth approximately $728,000 during the first quarter, adding 36,327 shares to its holdings.
• Blue Owl Capital's stock has been performing well, with a trading volume of 3,926,274 shares and a market capitalization of $30.01 billion. The stock has fluctuated between a low of $14.55 and a high of $26.73 over the past year.
• The company has declared a quarterly dividend of $0.225 per share, resulting in an annualized dividend of $0.90 and a yield of 4.6%, although its dividend payout ratio is extremely high at 1000%.

Jefferies Financial Group Inc. purchased a new position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 36,327 shares of the company's stock, valued at approximately $728,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FMR LLC lifted its stake in Blue Owl Capital by 28.1% in the fourth quarter. FMR LLC now owns 45,241,160 shares of the company's stock worth $1,052,309,000 after acquiring an additional 9,917,071 shares during the last quarter. Capital World Investors increased its holdings in shares of Blue Owl Capital by 14.5% in the 4th quarter. Capital World Investors now owns 77,168,640 shares of the company's stock valued at $1,794,943,000 after acquiring an additional 9,794,102 shares during the period. Cresset Asset Management LLC increased its stake in Blue Owl Capital by 4,278.0% in the 4th quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company's stock valued at $140,794,000 after buying an additional 5,914,804 shares during the period. Voya Investment Management LLC increased its stake in Blue Owl Capital by 163.2% in the 4th quarter. Voya Investment Management LLC now owns 5,177,288 shares of the company's stock valued at $120,424,000 after buying an additional 3,209,934 shares during the period. Finally, Squarepoint Ops LLC grew its stake in shares of Blue Owl Capital by 637.7% during the 4th quarter. Squarepoint Ops LLC now owns 2,046,747 shares of the company's stock worth $47,607,000 after purchasing an additional 1,769,302 shares during the period. Hedge funds and other institutional investors own 35.85% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on OWL shares. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $20.00 to $23.00 in a research note on Tuesday, May 20th. Piper Sandler upped their price target on Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Cowen reiterated a "buy" rating on shares of Blue Owl Capital in a research note on Monday. Raymond James Financial began coverage on Blue Owl Capital in a research note on Monday, July 28th. They set a "market perform" rating on the stock. Finally, Wells Fargo & Company raised their target price on Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $24.02.

Blue Owl Capital Trading Down 3.0%

OWL stock traded down $0.59 during trading on Thursday, hitting $18.96. The company had a trading volume of 6,816,315 shares, compared to its average volume of 7,254,254. The company has a market cap of $29.15 billion, a P/E ratio of 210.63, a P/E/G ratio of 1.28 and a beta of 1.16. The company has a fifty day moving average price of $19.32 and a two-hundred day moving average price of $20.02. Blue Owl Capital Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, meeting analysts' consensus estimates of $0.21. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%. The business had revenue of $703.11 million during the quarter, compared to the consensus estimate of $642.13 million. On average, analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.90 annualized dividend and a yield of 4.7%. Blue Owl Capital's dividend payout ratio is 1,000.00%.

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.