IFP Advisors Inc Has $2.06 Million Position in Blue Owl Capital Inc. (NYSE:OWL)

IFP Advisors Inc increased its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,142 shares of the company’s stock after purchasing an additional 632 shares during the period. IFP Advisors Inc’s holdings in Blue Owl Capital were worth $2,055,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in Blue Owl Capital by 17.9% in the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock worth $174,829,000 after purchasing an additional 1,372,865 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in Blue Owl Capital in the fourth quarter worth about $1,773,000. Westfield Capital Management Co. LP raised its position in Blue Owl Capital by 4.6% in the third quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock worth $130,415,000 after purchasing an additional 293,221 shares in the last quarter. Capital CS Group LLC acquired a new position in Blue Owl Capital in the fourth quarter worth about $620,000. Finally, Barclays PLC raised its position in Blue Owl Capital by 13.7% in the third quarter. Barclays PLC now owns 1,571,806 shares of the company’s stock worth $30,430,000 after purchasing an additional 189,082 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on OWL shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler raised their price objective on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Wells Fargo & Company dropped their price objective on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Evercore ISI raised their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Finally, Barclays started coverage on shares of Blue Owl Capital in a report on Monday. They set an “overweight” rating and a $29.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $26.48.

Blue Owl Capital Price Performance

OWL opened at $21.25 on Wednesday. Blue Owl Capital Inc. has a one year low of $15.18 and a one year high of $26.73. The stock has a market capitalization of $31.73 billion, a P/E ratio of 124.98, a price-to-earnings-growth ratio of 1.23 and a beta of 1.15. The company’s 50 day simple moving average is $23.89 and its 200-day simple moving average is $21.90.

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

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th will be paid a $0.18 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a yield of 3.39%. Blue Owl Capital’s payout ratio is presently 423.53%.

About Blue Owl Capital

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.