Silver Oak Securities Incorporated purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,671 shares of the company's stock, valued at approximately $296,000.
Other large investors have also added to or reduced their stakes in the company. FMR LLC increased its position in Blue Owl Capital by 29.9% during the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company's stock worth $683,874,000 after buying an additional 8,138,475 shares during the period. JPMorgan Chase & Co. increased its position in Blue Owl Capital by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock worth $174,829,000 after buying an additional 1,372,865 shares during the period. State Street Corp increased its position in Blue Owl Capital by 5.6% during the 3rd quarter. State Street Corp now owns 8,452,073 shares of the company's stock worth $163,632,000 after buying an additional 449,066 shares during the period. Geode Capital Management LLC increased its position in Blue Owl Capital by 14.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company's stock worth $157,870,000 after buying an additional 1,016,505 shares during the period. Finally, Westfield Capital Management Co. LP increased its position in Blue Owl Capital by 4.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company's stock worth $130,415,000 after buying an additional 293,221 shares during the period. Institutional investors own 35.85% of the company's stock.
Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their target price on Blue Owl Capital from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Piper Sandler raised their price objective on Blue Owl Capital from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Monday, December 23rd. Wells Fargo & Company reduced their price objective on Blue Owl Capital from $25.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 14th. Oppenheimer lifted their price target on Blue Owl Capital from $24.00 to $28.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Finally, UBS Group raised their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.27.
View Our Latest Research Report on OWL
NYSE OWL opened at $23.56 on Friday. The company has a market cap of $35.19 billion, a price-to-earnings ratio of 138.60, a P/E/G ratio of 1.34 and a beta of 1.15. Blue Owl Capital Inc. has a 52 week low of $15.18 and a 52 week high of $26.73. The business has a 50 day moving average price of $24.05 and a 200-day moving average price of $21.43.
Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, equities research analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.06%. Blue Owl Capital's payout ratio is 423.55%.
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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