Steward Partners Investment Advisory LLC Purchases 20,384 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Steward Partners Investment Advisory LLC boosted its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,492 shares of the company’s stock after acquiring an additional 20,384 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Blue Owl Capital were worth $6,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in shares of Blue Owl Capital by 43.3% during the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock valued at $36,000 after purchasing an additional 428 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Blue Owl Capital by 232.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock valued at $44,000 after acquiring an additional 1,315 shares in the last quarter. Principal Securities Inc. increased its holdings in shares of Blue Owl Capital by 30.6% in the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock valued at $45,000 after acquiring an additional 450 shares during the period. Versant Capital Management Inc raised its position in shares of Blue Owl Capital by 136.2% in the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock worth $45,000 after acquiring an additional 1,110 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Blue Owl Capital by 182.2% during the 4th quarter. Blue Trust Inc. now owns 2,029 shares of the company’s stock worth $47,000 after purchasing an additional 1,310 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $20.39 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 firm has a market capitalization of $31.36 billion, a PE ratio of 119.96, a P/E/G ratio of 1.23 and a beta of 1.15. The stock’s 50-day simple moving average is $23.57 and its 200-day simple moving average is $22.01.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. Sell-side analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.53%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.53%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Barclays began coverage on shares of Blue Owl Capital in a report on Monday, February 24th. They issued an “overweight” rating and a $29.00 target price for the company. Citigroup reiterated a “buy” rating and set a $30.00 price objective on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Wells Fargo & Company cut their price target 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. The Goldman Sachs Group lowered Blue Owl Capital from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $25.00 to $24.75 in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods boosted their target price on 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. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.