42,260 Shares in Blue Owl Capital Inc. (NYSE:OWL) Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC bought a new stake in Blue Owl Capital Inc. (NYSE:OWL) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 42,260 shares of the company’s stock, valued at approximately $983,000.

Other institutional investors also recently bought and sold shares of the company. FMR LLC grew its position in shares of Blue Owl Capital by 29.9% during the third quarter. FMR LLC now owns 35,324,089 shares of the company’s stock worth $683,874,000 after buying an additional 8,138,475 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Blue Owl Capital by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock worth $174,829,000 after buying an additional 1,372,865 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Blue Owl Capital by 14.2% during the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock worth $157,870,000 after buying an additional 1,016,505 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Blue Owl Capital by 29.1% during the third quarter. HighTower Advisors LLC now owns 3,599,852 shares of the company’s stock worth $69,690,000 after buying an additional 811,334 shares in the last quarter. Finally, M&G PLC acquired a new position in shares of Blue Owl Capital during the third quarter worth about $14,720,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

Shares of OWL stock opened at $25.69 on Wednesday. The business’s fifty day moving average price is $23.88 and its 200 day moving average price is $21.10. Blue Owl Capital Inc. has a 1-year low of $15.18 and a 1-year high of $26.73. The firm has a market capitalization of $38.36 billion, a PE ratio of 151.11, a P/E/G ratio of 1.39 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. The firm had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same quarter in the prior year, the company posted $0.16 earnings per share. Equities research analysts expect that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.80%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s dividend payout ratio (DPR) is 423.55%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on OWL. JMP Securities restated a “market outperform” rating and set a $27.00 target price on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft boosted their target price on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. UBS Group boosted their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company reduced their price objective on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Finally, Citigroup reiterated a “buy” rating and issued a $30.00 price objective on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average target price of $25.85.

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.