Wealthfront Advisers LLC bought a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 109,421 shares of the company's stock, valued at approximately $2,193,000.
Several other institutional investors also recently bought and sold shares of the company. Capital World Investors grew its position in 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 in the last quarter. Vanguard Group Inc. grew its position in shares of Blue Owl Capital by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock worth $1,237,581,000 after buying an additional 5,558,868 shares in the last quarter. FMR LLC grew its position in shares of Blue Owl Capital by 28.1% during the fourth quarter. FMR LLC now owns 45,241,160 shares of the company's stock worth $1,052,309,000 after buying an additional 9,917,071 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Blue Owl Capital by 2.4% during the fourth quarter. JPMorgan Chase & Co. now owns 9,248,983 shares of the company's stock worth $215,131,000 after buying an additional 218,586 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Blue Owl Capital by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 8,426,251 shares of the company's stock worth $196,060,000 after buying an additional 274,094 shares in the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.
Blue Owl Capital Stock Performance
NYSE OWL traded down $0.18 on Friday, reaching $20.62. The stock had a trading volume of 7,204,300 shares, compared to its average volume of 7,000,173. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73. The business's 50-day moving average price is $19.13 and its 200 day moving average price is $20.35. The stock has a market cap of $31.71 billion, a P/E ratio of 158.63, a price-to-earnings-growth ratio of 1.41 and a beta of 1.17.
Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. The business had revenue of $620.19 million for the quarter, compared to analyst estimates of $636.44 million. On average, sell-side analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.
Blue Owl Capital Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a $0.225 dividend. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.90 annualized dividend and a yield of 4.36%. Blue Owl Capital's dividend payout ratio is 692.31%.
Analysts Set New Price Targets
A number of brokerages have recently commented on OWL. Cfra Research raised Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. Barclays boosted their price objective on Blue Owl Capital from $21.00 to $23.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Oppenheimer boosted their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Wells Fargo & Company upped their price target on Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Finally, UBS Group lowered their price target on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.02.
View Our Latest Report on Blue Owl Capital
About Blue Owl Capital
(
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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