Point72 Europe London LLP Takes Position in Blue Owl Capital Inc. (NYSE:OWL)

Point72 Europe London LLP acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 380,334 shares of the company's stock, valued at approximately $8,847,000.

Several other institutional investors also recently modified their holdings of OWL. Rakuten Securities Inc. bought a new stake in Blue Owl Capital during the fourth quarter worth about $27,000. Allworth Financial LP grew its position in Blue Owl Capital by 43.3% during the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after acquiring an additional 428 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Blue Owl Capital by 232.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock worth $44,000 after acquiring an additional 1,315 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of Blue Owl Capital by 30.6% in the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock valued at $45,000 after purchasing an additional 450 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Blue Owl Capital by 182.2% during the 4th quarter. Blue Trust Inc. now owns 2,029 shares of the company's stock valued at $47,000 after purchasing an additional 1,310 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wells Fargo & Company lifted their price objective on Blue Owl Capital from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. Barclays dropped their target price on shares of Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Oppenheimer set a $24.00 price target on Blue Owl Capital and gave the company an "outperform" rating in a report on Wednesday, April 16th. Finally, Citigroup dropped their price objective on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $23.56.

Blue Owl Capital Trading Down 0.7%

NYSE OWL opened at $19.84 on Thursday. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73. The stock's fifty day moving average price is $18.66 and its 200-day moving average price is $21.76. The stock has a market cap of $30.51 billion, a P/E ratio of 116.71, a P/E/G ratio of 1.23 and a beta of 1.21.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $620.19 million for the quarter, compared to analysts' expectations of $636.44 million. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. As a group, analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be 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 is Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.54%. Blue Owl Capital's dividend payout ratio (DPR) is presently 692.31%.

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.

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