Blue Owl Capital Inc. (NYSE:OWL) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its stake in Blue Owl Capital Inc. (NYSE:OWL) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,000 shares of the company’s stock after purchasing an additional 7,700 shares during the period. Handelsbanken Fonder AB’s holdings in Blue Owl Capital were worth $3,210,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. FMR LLC increased its holdings in Blue Owl Capital by 29.9% in 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. boosted 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 buying an additional 1,372,865 shares during the last quarter. Geode Capital Management LLC raised its position in Blue Owl Capital by 14.2% during the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock valued at $157,870,000 after acquiring an additional 1,016,505 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in Blue Owl Capital in the 4th quarter worth approximately $23,513,000. Finally, HighTower Advisors LLC lifted its stake in shares of Blue Owl Capital by 29.1% in the 3rd quarter. HighTower Advisors LLC now owns 3,599,852 shares of the company’s stock valued at $69,690,000 after purchasing an additional 811,334 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Trading Down 1.6 %

OWL stock opened at $21.79 on Tuesday. The company’s 50 day moving average is $23.95 and its two-hundred day moving average is $21.88. The stock has a market cap of $32.54 billion, a P/E ratio of 128.16, a PEG ratio of 1.23 and a beta of 1.15. Blue Owl Capital Inc. has a twelve month low of $15.18 and a twelve 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 earnings per share 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 predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th will be paid a $0.18 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 3.30%. Blue Owl Capital’s dividend payout ratio is currently 423.55%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OWL. 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. The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and decreased their price target for the company from $25.00 to $24.75 in a research note on Monday, January 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $32.00 price target (up from $30.00) on shares of Blue Owl Capital in a research note on Friday, February 7th. Citigroup reiterated a “buy” rating and issued a $30.00 target price on shares of Blue Owl Capital in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods raised their target price on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.