StoneX Group Inc. Makes New Investment in Blue Owl Capital Inc. (NYSE:OWL)

StoneX Group Inc. purchased a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,150 shares of the company’s stock, valued at approximately $422,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. raised its stake in Blue Owl Capital by 3.9% in the 4th quarter. Franklin Resources Inc. now owns 2,928,919 shares of the company’s stock valued at $68,127,000 after acquiring an additional 110,045 shares during the period. CIBC Private Wealth Group LLC raised its position in shares of Blue Owl Capital by 48.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 3,244,057 shares of the company’s stock valued at $75,392,000 after purchasing an additional 1,057,101 shares during the period. California Public Employees Retirement System lifted its stake in shares of Blue Owl Capital by 5.1% during the 4th quarter. California Public Employees Retirement System now owns 798,955 shares of the company’s stock valued at $18,584,000 after buying an additional 38,879 shares in the last quarter. DnB Asset Management AS grew its stake in Blue Owl Capital by 11.3% in the 4th quarter. DnB Asset Management AS now owns 353,119 shares of the company’s stock valued at $8,214,000 after buying an additional 35,782 shares in the last quarter. Finally, Orion Portfolio Solutions LLC grew its stake in Blue Owl Capital by 10.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 58,277 shares of the company’s stock valued at $1,356,000 after buying an additional 5,308 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Up 3.6 %

NYSE OWL opened at $21.16 on Thursday. The stock’s 50-day simple moving average is $22.20 and its two-hundred day simple moving average is $22.42. Blue Owl Capital Inc. has a twelve month low of $15.18 and a twelve month high of $26.73. The company has a market capitalization of $32.54 billion, a price-to-earnings ratio of 124.48, a PEG ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, equities analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio is currently 423.53%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on OWL. Keefe, Bruyette & Woods raised their price target on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Wells Fargo & Company cut their target price on Blue Owl Capital from $24.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. Oppenheimer upped their price target on Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Cfra Research upgraded shares of Blue Owl Capital to a “moderate buy” rating in a research report on Thursday, March 27th. Finally, Evercore ISI increased their target price 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. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.33.

Blue Owl Capital Company 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.