Blue Owl Capital Inc. (NYSE:OWL) Shares Purchased by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC raised its position in Blue Owl Capital Inc. (NYSE:OWL) by 48.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,244,057 shares of the company’s stock after buying an additional 1,057,101 shares during the period. CIBC Private Wealth Group LLC’s holdings in Blue Owl Capital were worth $75,392,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. California Public Employees Retirement System boosted its holdings in Blue Owl Capital by 5.1% in the fourth quarter. California Public Employees Retirement System now owns 798,955 shares of the company’s stock valued at $18,584,000 after purchasing an additional 38,879 shares during the last quarter. DnB Asset Management AS raised its position in shares of Blue Owl Capital by 11.3% in the 4th quarter. DnB Asset Management AS now owns 353,119 shares of the company’s stock valued at $8,214,000 after purchasing an additional 35,782 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of Blue Owl Capital by 10.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 58,277 shares of the company’s stock valued at $1,356,000 after buying an additional 5,308 shares during the last quarter. Pictet Asset Management Holding SA grew its position in shares of Blue Owl Capital by 31.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 77,135 shares of the company’s stock worth $1,794,000 after buying an additional 18,622 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Blue Owl Capital in the fourth quarter worth $137,118,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

OWL stock opened at $20.19 on Monday. Blue Owl Capital Inc. has a 1 year low of $15.18 and a 1 year high of $26.73. The stock has a market capitalization of $31.04 billion, a price-to-earnings ratio of 118.74, a PEG ratio of 1.23 and a beta of 1.19. The stock’s fifty day moving average is $22.46 and its two-hundred day moving average is $22.38.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate 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 predict that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio (DPR) is 423.53%.

Analysts Set New Price Targets

A number of research analysts have commented on OWL shares. JMP Securities reiterated a “market outperform” rating and set a $32.00 price objective (up from $30.00) on shares of Blue Owl Capital in a research note on Friday, February 7th. Wells Fargo & Company decreased their price target on Blue Owl Capital from $24.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. Piper Sandler boosted their price objective on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Oppenheimer increased their target price on Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Citigroup reiterated a “buy” rating and issued a $30.00 price target on shares of Blue Owl Capital in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.