Ostrum Asset Management Takes Position in Blue Owl Capital Inc. (NYSE:OWL)

Ostrum Asset Management purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 24,060 shares of the company’s stock, valued at approximately $560,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OWL. Ossiam raised its stake in shares of Blue Owl Capital by 43.6% during the fourth quarter. Ossiam now owns 17,991 shares of the company’s stock worth $418,000 after buying an additional 5,466 shares during the last quarter. Beck Mack & Oliver LLC grew its position in shares of Blue Owl Capital by 0.6% during the 4th quarter. Beck Mack & Oliver LLC now owns 6,045,216 shares of the company’s stock worth $140,612,000 after buying an additional 37,386 shares during the period. Capital World Investors raised its position in shares of Blue Owl Capital by 14.5% in the 4th quarter. Capital World Investors now owns 77,168,640 shares of the company’s stock valued at $1,794,943,000 after acquiring an additional 9,794,102 shares during the period. First Trust Advisors LP grew its holdings in Blue Owl Capital by 12.4% during the fourth quarter. First Trust Advisors LP now owns 1,190,733 shares of the company’s stock valued at $27,696,000 after purchasing an additional 131,225 shares during the period. Finally, GeoWealth Management LLC raised its holdings in Blue Owl Capital by 572.7% in the fourth quarter. GeoWealth Management LLC now owns 5,886 shares of the company’s stock worth $137,000 after purchasing an additional 5,011 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Oppenheimer set a $24.00 price target on Blue Owl Capital and gave the stock an “outperform” rating in a research report on Wednesday. Barclays lowered their target price 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 shares of Blue Owl Capital from a “hold” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. Finally, Wells Fargo & Company lowered their target price on Blue Owl Capital from $22.00 to $19.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.79.

Blue Owl Capital Stock Up 2.0 %

NYSE:OWL opened at $17.44 on Friday. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The firm has a market capitalization of $26.81 billion, a price-to-earnings ratio of 102.56, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. The stock’s 50 day moving average price is $19.95 and its two-hundred day moving average price is $22.20.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. As a group, analysts anticipate 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 announced 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 4.13%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 423.53%.

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.