Commonwealth Equity Services LLC Buys 22,498 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Commonwealth Equity Services LLC raised its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 322,830 shares of the company’s stock after acquiring an additional 22,498 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Blue Owl Capital were worth $7,509,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OWL. Atria Investments Inc boosted its stake in Blue Owl Capital by 48.2% in the third quarter. Atria Investments Inc now owns 16,222 shares of the company’s stock valued at $314,000 after acquiring an additional 5,275 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Blue Owl Capital by 681.2% in the third quarter. Victory Capital Management Inc. now owns 649,463 shares of the company’s stock worth $12,574,000 after purchasing an additional 566,325 shares during the period. Natixis Advisors LLC raised its holdings in Blue Owl Capital by 6.8% in the third quarter. Natixis Advisors LLC now owns 246,878 shares of the company’s stock worth $4,780,000 after purchasing an additional 15,701 shares during the period. Swiss National Bank raised its holdings in Blue Owl Capital by 10.9% in the third quarter. Swiss National Bank now owns 914,500 shares of the company’s stock worth $17,705,000 after purchasing an additional 90,100 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Blue Owl Capital by 0.6% in the third quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company’s stock worth $1,851,000 after purchasing an additional 575 shares during the period. 35.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OWL has been the topic of several analyst reports. The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and cut their target price for the stock from $25.00 to $24.75 in a report on Monday, January 6th. Barclays assumed coverage on shares of Blue Owl Capital in a report on Monday, February 24th. They set an “overweight” rating and a $29.00 price objective on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Piper Sandler raised their price objective on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Finally, Oppenheimer raised their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.33.

Blue Owl Capital Price Performance

Shares of OWL opened at $20.68 on Friday. The firm has a 50-day moving average of $22.71 and a 200-day moving average of $22.13. Blue Owl Capital Inc. has a one year low of $15.18 and a one year high of $26.73. The company has a market cap of $31.80 billion, a PE ratio of 121.63, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.21 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 expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital’s payout ratio is 423.53%.

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.