KLP Kapitalforvaltning AS Invests $2.51 Million in Blue Owl Capital Inc. (NYSE:OWL)

KLP Kapitalforvaltning AS bought a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 107,900 shares of the company’s stock, valued at approximately $2,510,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC increased 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 during the period. JPMorgan Chase & Co. boosted its holdings in Blue Owl Capital by 17.9% in the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after purchasing an additional 1,372,865 shares during the last quarter. State Street Corp grew 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 purchasing an additional 449,066 shares during the period. Geode Capital Management LLC raised its stake in shares of 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 valued at $157,870,000 after buying an additional 1,016,505 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Blue Owl Capital by 0.7% in the 4th quarter. HighTower Advisors LLC now owns 3,624,314 shares of the company’s stock valued at $84,302,000 after buying an additional 24,462 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Trading Down 2.8 %

NYSE:OWL opened at $21.05 on Thursday. The firm has a market cap of $32.37 billion, a P/E ratio of 123.83, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19. The stock has a 50 day moving average of $22.60 and a two-hundred day moving average of $22.30. Blue Owl Capital Inc. has a 12 month low of $15.18 and a 12 month high of $26.73.

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 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, research analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a yield of 3.42%. Blue Owl Capital’s payout ratio is presently 423.53%.

Analysts Set New Price Targets

Several research analysts recently weighed in on OWL shares. Piper Sandler lifted their price target on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Barclays started coverage on shares of Blue Owl Capital in a report on Monday, February 24th. They set an “overweight” rating and a $29.00 target price for the company. Citigroup reissued a “buy” rating and set a $30.00 price target on shares of Blue Owl Capital in a report on Thursday, January 23rd. JMP Securities reaffirmed a “market outperform” rating and issued a $32.00 price objective (up previously from $30.00) on shares of Blue Owl Capital in a report on Friday, February 7th. Finally, Wells Fargo & Company lowered their target price on shares of Blue Owl Capital from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 20th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.33.

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.