Blue Owl Capital Inc. $OWL Shares Bought by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. increased its stake in Blue Owl Capital Inc. by 4.6%, acquiring an additional 422,745 shares in the first quarter, bringing its total ownership to approximately 0.63% of the company.
• Several institutional investors have also increased their holdings in Blue Owl Capital, with Bank of New York Mellon Corp and Mirae Asset Global Investments both raising their stakes significantly.
• Blue Owl Capital announced a quarterly dividend of $0.225 per share, representing a dividend yield of 4.5%, following their earnings report which met analyst estimates.

JPMorgan Chase & Co. boosted its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,671,728 shares of the company's stock after acquiring an additional 422,745 shares during the quarter. JPMorgan Chase & Co. owned about 0.63% of Blue Owl Capital worth $193,821,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Frank Rimerman Advisors LLC boosted its holdings in Blue Owl Capital by 103.2% in the 1st quarter. Frank Rimerman Advisors LLC now owns 37,870 shares of the company's stock worth $759,000 after acquiring an additional 19,231 shares during the period. Townsquare Capital LLC boosted its holdings in Blue Owl Capital by 36.4% in the 1st quarter. Townsquare Capital LLC now owns 26,151 shares of the company's stock worth $524,000 after acquiring an additional 6,982 shares during the period. Citigroup Inc. boosted its holdings in Blue Owl Capital by 153.4% in the 1st quarter. Citigroup Inc. now owns 620,043 shares of the company's stock worth $12,426,000 after acquiring an additional 375,353 shares during the period. Deutsche Bank AG boosted its holdings in Blue Owl Capital by 8.9% in the 1st quarter. Deutsche Bank AG now owns 34,705 shares of the company's stock worth $695,000 after acquiring an additional 2,837 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its holdings in Blue Owl Capital by 18.8% in the 1st quarter. Chicago Partners Investment Group LLC now owns 556,507 shares of the company's stock worth $11,152,000 after acquiring an additional 88,085 shares during the period. Hedge funds and other institutional investors own 35.85% of the company's stock.

Blue Owl Capital Price Performance

Shares of OWL stock traded up $0.07 on Monday, hitting $19.11. 1,846,184 shares of the stock traded hands, compared to its average volume of 7,806,676. The company has a market capitalization of $29.60 billion, a PE ratio of 212.30, a PEG ratio of 1.25 and a beta of 1.16. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The company's fifty day moving average is $19.43 and its 200 day moving average is $19.69.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $642.13 million. As a group, equities research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be given a $0.225 dividend. 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 (DPR) is currently 1,000.00%.

Analyst Upgrades and Downgrades

OWL has been the subject of several research analyst reports. Cowen reiterated a "buy" rating on shares of Blue Owl Capital in a research note on Monday, August 4th. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "market perform" rating to an "outperform" rating and increased their target price for the company from $20.00 to $23.00 in a research note on Tuesday, May 20th. UBS Group reduced their target price on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Evercore ISI increased their target price on Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Finally, Raymond James Financial initiated coverage on Blue Owl Capital in a research note on Monday, July 28th. They set a "market perform" rating for the company. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $24.02.

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.