Argent Trust Co Takes $241,000 Position in Blue Owl Capital Inc. (NYSE:OWL)

Argent Trust Co bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 10,375 shares of the company’s stock, valued at approximately $241,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rothschild Investment LLC boosted its holdings in Blue Owl Capital by 316.1% in the fourth quarter. Rothschild Investment LLC now owns 33,955 shares of the company’s stock worth $790,000 after acquiring an additional 25,795 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Blue Owl Capital by 17.9% in the 3rd 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. Arizona State Retirement System boosted its stake in Blue Owl Capital by 14.7% in the 4th quarter. Arizona State Retirement System now owns 154,708 shares of the company’s stock worth $3,599,000 after purchasing an additional 19,810 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in Blue Owl Capital during the 4th quarter worth approximately $1,773,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Blue Owl Capital by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company’s stock valued at $80,179,000 after purchasing an additional 106,485 shares in the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Down 1.4 %

OWL stock opened at $16.96 on Friday. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The firm has a market cap of $26.07 billion, a P/E ratio of 99.74, a PEG ratio of 1.23 and a beta of 1.20. The company’s 50-day simple moving average is $20.62 and its 200-day simple moving average is $22.28.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) 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, analysts anticipate 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 declared 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 was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a yield of 4.25%. Blue Owl Capital’s dividend payout ratio is currently 423.53%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on OWL shares. Citigroup dropped their price objective on shares of Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company dropped their price target on Blue Owl Capital from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Barclays reduced their price objective on Blue Owl Capital from $29.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, April 7th. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and upped their target price for the company from $26.00 to $28.00 in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $24.75 in a research report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.10.

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.