Corient Private Wealth LLC Raises Stake in Blue Owl Capital Inc. (NYSE:OWL)

Corient Private Wealth LLC increased its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 33.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 153,502 shares of the company’s stock after acquiring an additional 38,635 shares during the period. Corient Private Wealth LLC’s holdings in Blue Owl Capital were worth $3,571,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of OWL. Rothschild Investment LLC raised its position in Blue Owl Capital by 316.1% in the 4th quarter. Rothschild Investment LLC now owns 33,955 shares of the company’s stock valued at $790,000 after purchasing an additional 25,795 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 valued at $174,829,000 after purchasing an additional 1,372,865 shares in the last quarter. Arizona State Retirement System raised its position 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 valued at $3,599,000 after purchasing an additional 19,810 shares in the last quarter. Princeton Global Asset Management LLC acquired a new stake in Blue Owl Capital in the 4th quarter valued at about $1,773,000. Finally, Charles Schwab Investment Management Inc. raised its position in Blue Owl Capital by 3.2% in 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. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 0.2 %

OWL stock opened at $20.69 on Friday. The stock has a 50-day moving average price of $22.67 and a two-hundred day moving average price of $22.19. Blue Owl Capital Inc. has a 12-month low of $15.18 and a 12-month high of $26.73. The company has a market cap of $31.81 billion, a PE ratio of 121.68, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last posted its quarterly 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 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 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm 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. 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 dividend payout ratio (DPR) is 423.53%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on OWL shares. Evercore ISI increased their price target 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. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and increased their price objective for the company from $26.00 to $28.00 in a report on Thursday, January 16th. Keefe, Bruyette & Woods increased their price objective on Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a report on Friday, December 20th. JMP Securities reiterated a “market outperform” rating and issued a $32.00 price objective (up previously from $30.00) on shares of Blue Owl Capital in a report on Friday, February 7th. Finally, The Goldman Sachs Group downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $24.75 in a report on Monday, January 6th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the 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 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.