JPMorgan Chase & Co. increased its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 4.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,671,728 shares of the company's stock after buying an additional 422,745 shares during the period. JPMorgan Chase & Co. owned 0.63% of Blue Owl Capital worth $193,821,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Vise Technologies Inc. lifted its stake in Blue Owl Capital by 4.6% during the 4th quarter. Vise Technologies Inc. now owns 10,947 shares of the company's stock valued at $255,000 after acquiring an additional 478 shares in the last quarter. Teza Capital Management LLC increased its holdings in Blue Owl Capital by 1.7% in the 4th quarter. Teza Capital Management LLC now owns 28,929 shares of the company's stock worth $673,000 after acquiring an additional 485 shares during the last quarter. State of Wyoming grew its holdings in Blue Owl Capital by 27.1% during the 4th quarter. State of Wyoming now owns 2,359 shares of the company's stock valued at $55,000 after buying an additional 503 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in Blue Owl Capital by 39.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock valued at $42,000 after buying an additional 583 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in shares of Blue Owl Capital by 3.0% during the fourth quarter. Benjamin Edwards Inc. now owns 22,888 shares of the company's stock worth $532,000 after purchasing an additional 658 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.
Blue Owl Capital Price Performance
Shares of OWL stock traded down $0.60 during trading hours on Friday, reaching $19.06. 7,428,302 shares of the company's stock were exchanged, compared to its average volume of 7,434,299. Blue Owl Capital Inc. has a 1 year low of $14.55 and a 1 year high of $26.73. The company has a market cap of $29.53 billion, a P/E ratio of 211.80, a price-to-earnings-growth ratio of 1.29 and a beta of 1.16. The company's 50 day moving average is $19.43 and its two-hundred day moving average is $19.78.
Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, hitting 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 analysts' expectations of $642.13 million. As a group, analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.
Blue Owl Capital Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Thursday, August 14th. Blue Owl Capital's dividend payout ratio is 1,000.00%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. Piper Sandler raised their target price on shares of Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Cowen restated a "buy" rating on shares of Blue Owl Capital in a report on Monday, August 4th. Raymond James Financial assumed coverage on Blue Owl Capital in a research report on Monday, July 28th. They set a "market perform" rating on the stock. Barclays lifted their price objective on Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, Oppenheimer boosted their price target on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $24.02.
Check Out Our Latest Analysis on OWL
Blue Owl Capital Company 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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