JPMorgan Chase & Co. Increases Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

JPMorgan Chase & Co. grew its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 2.4% in the fourth quarter, HoldingsChannel reports. The firm owned 9,248,983 shares of the company’s stock after buying an additional 218,586 shares during the quarter. JPMorgan Chase & Co.’s holdings in Blue Owl Capital were worth $215,131,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in OWL. Global Retirement Partners LLC grew its holdings in Blue Owl Capital by 1.6% during the 4th quarter. Global Retirement Partners LLC now owns 25,499 shares of the company’s stock valued at $593,000 after buying an additional 413 shares in the last quarter. Dynasty Wealth Management LLC grew its holdings in shares of Blue Owl Capital by 0.5% in the fourth quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company’s stock valued at $1,828,000 after purchasing an additional 417 shares in the last quarter. Allworth Financial LP increased its position in Blue Owl Capital by 43.3% in the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock worth $36,000 after purchasing an additional 428 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its position in Blue Owl Capital by 1.4% during the third quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock valued at $622,000 after purchasing an additional 443 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in shares of Blue Owl Capital by 30.6% in the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock worth $45,000 after buying an additional 450 shares in the last quarter. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Trading Down 0.3 %

Shares of OWL opened at $20.08 on Tuesday. The firm has a fifty day moving average price of $22.37 and a 200-day moving average price of $22.41. The firm has a market capitalization of $30.89 billion, a P/E ratio of 118.15, a P/E/G ratio of 1.23 and a beta of 1.19. 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 released its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. 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 was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 3.58%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 423.53%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Piper Sandler upped their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Evercore ISI upped their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Wells Fargo & Company dropped their target price on Blue Owl Capital from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, March 20th. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and increased their price target for the company from $26.00 to $28.00 in a report on Thursday, January 16th. Finally, The Goldman Sachs Group downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $25.00 to $24.75 in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.