Jupiter Asset Management Ltd. Increases Stake in Blue Owl Capital Inc. (NYSE:OWL)

Jupiter Asset Management Ltd. increased its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 333.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 430,001 shares of the company’s stock after buying an additional 330,790 shares during the period. Jupiter Asset Management Ltd.’s holdings in Blue Owl Capital were worth $10,002,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Blue Owl Capital by 29.9% during the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company’s stock worth $683,874,000 after acquiring an additional 8,138,475 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of 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 buying an additional 1,372,865 shares during the last quarter. Geode Capital Management LLC lifted its position in Blue Owl Capital by 14.2% in the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock valued at $157,870,000 after acquiring an additional 1,016,505 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Blue Owl Capital in the fourth quarter valued at $23,513,000. Finally, HighTower Advisors LLC grew its holdings in shares of Blue Owl Capital by 29.1% during the third quarter. HighTower Advisors LLC now owns 3,599,852 shares of the company’s stock worth $69,690,000 after purchasing an additional 811,334 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

OWL opened at $18.99 on Thursday. Blue Owl Capital Inc. has a fifty-two week low of $15.18 and a fifty-two week high of $26.73. The business has a 50-day moving average of $23.13 and a 200-day moving average of $22.07. The company has a market capitalization of $29.20 billion, a PE ratio of 111.69, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last issued 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 return on equity of 20.82% and a net margin of 4.77%. On average, equities research analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 3.79%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital’s payout ratio is presently 423.53%.

Analysts Set New Price Targets

OWL has been the subject of a number of recent research reports. Keefe, Bruyette & Woods increased their price target on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Wells Fargo & Company cut their price target on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. TD Cowen raised shares of Blue Owl Capital from a “hold” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Oppenheimer upped their price objective 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, Piper Sandler upped their price objective on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $26.48.

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.