Russell Investments Group Ltd. Buys 1,064 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Russell Investments Group Ltd. grew its stake in Blue Owl Capital Inc. (NYSE:OWL) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,465 shares of the company’s stock after acquiring an additional 1,064 shares during the period. Russell Investments Group Ltd.’s holdings in Blue Owl Capital were worth $732,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Global Retirement Partners LLC raised its holdings in Blue Owl Capital by 1.6% during the 4th quarter. Global Retirement Partners LLC now owns 25,499 shares of the company’s stock worth $593,000 after purchasing an additional 413 shares during the last quarter. Dynasty Wealth Management LLC grew its position in shares of Blue Owl Capital by 0.5% during the 4th quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company’s stock worth $1,828,000 after buying an additional 417 shares during the period. Allworth Financial LP raised 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 worth $36,000 after buying an additional 428 shares during the last quarter. Principal Securities Inc. lifted its holdings in Blue Owl Capital by 30.6% in the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock valued at $45,000 after buying an additional 450 shares during the period. Finally, Miracle Mile Advisors LLC boosted its stake in Blue Owl Capital by 4.1% in the fourth quarter. Miracle Mile Advisors LLC now owns 12,289 shares of the company’s stock valued at $286,000 after acquiring an additional 479 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Trading Up 2.8 %

OWL stock opened at $16.96 on Wednesday. The stock has a 50-day moving average price of $19.68 and a two-hundred day moving average price of $22.16. Blue Owl Capital Inc. has a 1 year low of $14.55 and a 1 year high of $26.73. The stock has a market cap of $26.08 billion, a PE ratio of 99.77, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20.

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

Blue Owl Capital Dividend Announcement

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. This represents a $0.72 annualized dividend and a yield of 4.25%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital’s payout ratio is 423.53%.

Analyst Ratings Changes

OWL has been the topic of a number of analyst reports. Cfra Research raised Blue Owl Capital to a “moderate buy” rating in a research note on Thursday, March 27th. The Goldman Sachs Group lowered Blue Owl Capital from a “buy” rating to a “neutral” rating and cut their target price for the company from $25.00 to $24.75 in a research note on Monday, January 6th. Wells Fargo & Company decreased their target price on Blue Owl Capital from $22.00 to $19.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Citigroup cut their target price on shares of Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, Barclays decreased their price target on shares of Blue Owl Capital from $29.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, April 7th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.79.

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.