Norges Bank Takes $137.12 Million Position in Blue Owl Capital Inc. (NYSE:OWL)

Norges Bank bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) during the 4th quarter, Holdings Channel reports. The institutional investor bought 5,895,014 shares of the company’s stock, valued at approximately $137,118,000.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Blue Owl Capital by 11.7% during the 4th quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company’s stock worth $1,237,581,000 after purchasing an additional 5,558,868 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Blue Owl Capital by 2.4% during the fourth quarter. JPMorgan Chase & Co. now owns 9,248,983 shares of the company’s stock worth $215,131,000 after buying an additional 218,586 shares during the last quarter. State Street Corp raised its position in Blue Owl Capital by 5.6% during the third quarter. State Street Corp now owns 8,452,073 shares of the company’s stock worth $163,632,000 after acquiring an additional 449,066 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Blue Owl Capital by 14.2% in the 3rd 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 period. Finally, HighTower Advisors LLC increased its stake in shares of Blue Owl Capital by 0.7% during the 4th quarter. HighTower Advisors LLC now owns 3,624,314 shares of the company’s stock worth $84,302,000 after purchasing an additional 24,462 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and raised their target price for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Citigroup reiterated a “buy” rating and set a $30.00 target price on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods increased their price target on Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Barclays started coverage on shares of Blue Owl Capital in a research report on Monday, February 24th. They set an “overweight” rating and a $29.00 price objective for the company. Finally, The Goldman Sachs Group lowered shares of 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 research report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.33.

Blue Owl Capital Trading Down 0.3 %

Shares of OWL opened at $20.08 on Tuesday. Blue Owl Capital Inc. has a 12 month low of $15.18 and a 12 month high of $26.73. The firm’s 50 day moving average is $22.37 and its 200-day moving average is $22.41. The stock has a market capitalization of $30.89 billion, a PE ratio of 118.15, a P/E/G ratio of 1.23 and a beta of 1.19.

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

Blue Owl Capital Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 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.