Federated Hermes Inc. Purchases 1,322,800 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Federated Hermes Inc. grew its position in Blue Owl Capital Inc. (NYSE:OWL) by 23.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,876,700 shares of the company’s stock after purchasing an additional 1,322,800 shares during the quarter. Federated Hermes Inc.’s holdings in Blue Owl Capital were worth $159,952,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC lifted its stake in Blue Owl Capital by 1.6% in the fourth quarter. Global Retirement Partners LLC now owns 25,499 shares of the company’s stock worth $593,000 after acquiring an additional 413 shares during the period. Dynasty Wealth Management LLC raised its holdings in shares of Blue Owl Capital by 0.5% in the 4th 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 lifted its position in shares of Blue Owl Capital by 43.3% in the 4th 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 period. Kovitz Investment Group Partners LLC boosted its stake in shares of 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 in the last quarter. Finally, Principal Securities Inc. increased its holdings in Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock valued at $45,000 after buying an additional 450 shares during the period. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Down 11.4 %

Shares of NYSE OWL opened at $15.87 on Friday. The stock has a market cap of $24.41 billion, a price-to-earnings ratio of 93.38, a PEG ratio of 1.23 and a beta of 1.20. Blue Owl Capital Inc. has a 12 month low of $15.18 and a 12 month high of $26.73. The company has a 50 day simple moving average of $21.82 and a two-hundred day simple moving average of $22.40.

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

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.54%. Blue Owl Capital’s payout ratio is 423.53%.

Wall Street Analysts Forecast Growth

OWL has been the subject of a number of analyst reports. Citigroup restated a “buy” rating and set a $30.00 target price on shares of Blue Owl Capital in a report on Thursday, January 23rd. Oppenheimer raised their price objective 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. JMP Securities reiterated a “market outperform” rating and issued a $32.00 target price (up previously from $30.00) on shares of Blue Owl Capital in a research note on Friday, February 7th. Evercore ISI increased their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Finally, Cfra Research raised shares of Blue Owl Capital to a “moderate buy” rating in a research report on Thursday, March 27th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Blue Owl Capital 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.