653,742 Shares in Blue Owl Capital Inc. (NYSE:OWL) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 653,742 shares of the company’s stock, valued at approximately $15,206,000.

Other institutional investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC boosted its position in Blue Owl Capital by 316.1% during the 4th quarter. Rothschild Investment LLC now owns 33,955 shares of the company’s stock worth $790,000 after acquiring an additional 25,795 shares during the period. JPMorgan Chase & Co. boosted 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 acquiring an additional 1,372,865 shares during the period. Arizona State Retirement System boosted its position in Blue Owl Capital by 14.7% during the 4th quarter. Arizona State Retirement System now owns 154,708 shares of the company’s stock worth $3,599,000 after acquiring an additional 19,810 shares during the period. Princeton Global Asset Management LLC acquired a new position in Blue Owl Capital during the 4th quarter worth $1,773,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Blue Owl Capital by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company’s stock valued at $80,179,000 after buying an additional 106,485 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

OWL opened at $19.85 on Wednesday. Blue Owl Capital Inc. has a fifty-two week low of $15.18 and a fifty-two week high of $26.73. The business has a 50-day moving average of $22.80 and a 200-day moving average of $22.15. The company has a market capitalization of $30.52 billion, a PE ratio of 116.75, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last posted its quarterly 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 research analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital’s payout ratio is 423.53%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. JMP Securities reaffirmed a “market outperform” rating and set a $32.00 target price (up previously from $30.00) on shares of Blue Owl Capital in a research note on Friday, February 7th. Oppenheimer raised their target price 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. TD Cowen raised Blue Owl Capital from a “hold” rating to a “buy” rating and raised their target price for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Keefe, Bruyette & Woods increased their price target on Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Finally, Citigroup reissued a “buy” rating and issued a $30.00 price objective on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $26.48.

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.