Empowered Funds LLC Boosts Position in Blue Owl Capital Inc. (NYSE:OWL)

Empowered Funds LLC raised its stake in Blue Owl Capital Inc. (NYSE:OWL) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 426,303 shares of the company’s stock after purchasing an additional 20,409 shares during the period. Empowered Funds LLC’s holdings in Blue Owl Capital were worth $9,916,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OWL. FMR LLC boosted its stake in Blue Owl Capital by 29.9% in the third quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after acquiring an additional 8,138,475 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Blue Owl Capital by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock worth $174,829,000 after purchasing an additional 1,372,865 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Blue Owl Capital by 14.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock valued at $157,870,000 after purchasing an additional 1,016,505 shares during the last quarter. HighTower Advisors LLC boosted its position 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. Finally, M&G PLC purchased a new position in Blue Owl Capital during the 3rd quarter worth approximately $14,720,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Trading Down 4.9 %

NYSE OWL opened at $23.56 on Monday. The business’s 50 day moving average is $24.05 and its two-hundred day moving average is $21.44. The stock has a market capitalization of $35.19 billion, a price-to-earnings ratio of 138.60, a PEG ratio of 1.34 and a beta of 1.15. 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 announced its quarterly earnings data 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%. Equities analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio (DPR) is 423.55%.

Analyst Ratings Changes

Several research firms have recently weighed in on OWL. Wells Fargo & Company decreased their price objective on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Piper Sandler increased their price target on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Evercore ISI lifted their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and increased their target price for the stock from $26.00 to $28.00 in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group cut Blue Owl Capital from a “buy” rating to a “neutral” rating and dropped their price target for the company from $25.00 to $24.75 in a research report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.27.

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.