Blue Owl Capital Inc. (NYSE:OWL) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC grew its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,624,314 shares of the company’s stock after buying an additional 24,462 shares during the quarter. HighTower Advisors LLC’s holdings in Blue Owl Capital were worth $84,302,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of OWL. FMR LLC grew its stake in shares of Blue Owl Capital by 29.9% in the third quarter. FMR LLC now owns 35,324,089 shares of the company’s stock worth $683,874,000 after acquiring an additional 8,138,475 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Blue Owl Capital by 17.9% in the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock worth $174,829,000 after acquiring an additional 1,372,865 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Blue Owl Capital by 14.2% in the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock worth $157,870,000 after acquiring an additional 1,016,505 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Blue Owl Capital in the fourth quarter worth $23,513,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Blue Owl Capital in the fourth quarter worth $15,206,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

NYSE OWL opened at $18.99 on Thursday. The firm has a market cap of $29.20 billion, a PE ratio of 111.69, a P/E/G ratio of 1.23 and a beta of 1.19. Blue Owl Capital Inc. has a one year low of $15.18 and a one year high of $26.73. The firm’s fifty day moving average is $23.13 and its two-hundred day moving average is $22.07.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. Research analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a yield of 3.79%. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

Wall Street Analyst Weigh In

Several research firms have commented on OWL. Evercore ISI boosted their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and boosted their price target for the stock from $26.00 to $28.00 in a research note on Thursday, January 16th. Oppenheimer lifted their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Barclays began coverage on shares of Blue Owl Capital in a research report on Monday, February 24th. They set an “overweight” rating and a $29.00 price objective for the company. Finally, Wells Fargo & Company decreased their price objective on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $26.48.

Blue Owl Capital Profile

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.