IFP Advisors Inc Buys 632 Shares of Blue Owl Capital Inc. (NYSE:OWL)

IFP Advisors Inc boosted its stake in Blue Owl Capital Inc. (NYSE:OWL) by 0.7% during the 4th quarter, HoldingsChannel reports. The fund owned 88,142 shares of the company’s stock after acquiring an additional 632 shares during the quarter. IFP Advisors Inc’s holdings in Blue Owl Capital were worth $2,055,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. FMR LLC lifted its position in Blue Owl Capital by 29.9% in the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after acquiring an additional 8,138,475 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Blue Owl Capital by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock worth $174,829,000 after buying an additional 1,372,865 shares in the last quarter. State Street Corp lifted its position in Blue Owl Capital by 5.6% during the 3rd quarter. State Street Corp now owns 8,452,073 shares of the company’s stock worth $163,632,000 after buying an additional 449,066 shares in the last quarter. Geode Capital Management LLC lifted its position in Blue Owl Capital by 14.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock worth $157,870,000 after buying an additional 1,016,505 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its position in Blue Owl Capital by 4.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock worth $130,415,000 after buying an additional 293,221 shares in the last quarter. 35.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on OWL shares. Citigroup reissued a “buy” rating and set a $30.00 price target on shares of Blue Owl Capital in a research report on Thursday, January 23rd. Barclays started coverage on shares of Blue Owl Capital in a research report on Monday. They set an “overweight” rating and a $29.00 price target on the stock. TD Cowen raised shares of Blue Owl Capital from a “hold” rating to a “buy” rating and boosted their price target for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. Oppenheimer boosted their price target on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company dropped their target price on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $26.48.

Blue Owl Capital Stock Performance

Shares of OWL opened at $21.25 on Wednesday. Blue Owl Capital Inc. has a 52 week low of $15.18 and a 52 week high of $26.73. The firm has a market cap of $31.73 billion, a P/E ratio of 124.98, a price-to-earnings-growth ratio of 1.23 and a beta of 1.15. The firm’s 50-day simple moving average is $23.89 and its 200 day simple moving average is $21.90.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results 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%. As a group, equities analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be paid a $0.18 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a yield of 3.39%. 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.