Artisan Partners Limited Partnership Acquires New Position in Blue Owl Capital Inc. (NYSE:OWL)

Artisan Partners Limited Partnership bought a new position in Blue Owl Capital Inc. (NYSE:OWL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 264,331 shares of the company’s stock, valued at approximately $6,148,000.

Several other institutional investors also recently bought and sold shares of the business. Rothschild Investment LLC grew its position in shares of Blue Owl Capital by 316.1% in the fourth quarter. Rothschild Investment LLC now owns 33,955 shares of the company’s stock valued at $790,000 after purchasing an additional 25,795 shares during the period. JPMorgan Chase & Co. grew its holdings in 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 period. Arizona State Retirement System increased its stake in shares of Blue Owl Capital by 14.7% during the 4th quarter. Arizona State Retirement System now owns 154,708 shares of the company’s stock valued at $3,599,000 after acquiring an additional 19,810 shares during the last quarter. Princeton Global Asset Management LLC purchased a new position in shares of Blue Owl Capital during the 4th quarter worth about $1,773,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Blue Owl Capital by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company’s stock worth $80,179,000 after acquiring an additional 106,485 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Down 1.1 %

OWL opened at $20.19 on Friday. The firm’s 50 day moving average is $22.46 and its 200-day moving average is $22.31. 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 capitalization of $31.04 billion, a P/E ratio of 118.74, a P/E/G ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) 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%. Equities 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 firm also recently declared 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 of this dividend was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio is currently 423.53%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Piper Sandler increased their price target on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. JMP Securities reiterated a “market outperform” rating and issued a $32.00 target price (up previously from $30.00) on shares of Blue Owl Capital in a report on Friday, February 7th. 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. Oppenheimer raised their price objective 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, Barclays assumed coverage on Blue Owl Capital in a report on Monday, February 24th. They set an “overweight” rating and a $29.00 target price for the company. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.