Affinity Wealth Management LLC Decreases Stake in Blue Owl Capital Inc. (NYSE:OWL)

Affinity Wealth Management LLC lessened its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,903 shares of the company’s stock after selling 444 shares during the period. Affinity Wealth Management LLC’s holdings in Blue Owl Capital were worth $300,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of OWL. JPMorgan Chase & Co. increased its position in shares of 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 acquiring an additional 1,372,865 shares during the period. Westfield Capital Management Co. LP increased its holdings in shares of 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 valued at $130,415,000 after purchasing an additional 293,221 shares during the period. Barclays PLC raised its stake in shares of 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 during the last quarter. Capital CS Group LLC acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth about $620,000. Finally, Raymond James & Associates boosted its position in Blue Owl Capital by 41.8% in the third quarter. Raymond James & Associates now owns 308,465 shares of the company’s stock valued at $5,972,000 after buying an additional 90,998 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 2.5 %

Shares of OWL stock opened at $26.68 on Friday. Blue Owl Capital Inc. has a 12-month low of $15.18 and a 12-month high of $26.73. The business’s 50 day moving average is $23.79 and its two-hundred day moving average is $20.96. The company has a market capitalization of $39.85 billion, a P/E ratio of 156.97, a P/E/G ratio of 1.39 and a beta of 1.14.

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

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, November 11th. This represents a $0.72 annualized dividend and a dividend yield of 2.70%. Blue Owl Capital’s dividend payout ratio (DPR) is 423.55%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $24.75 in a research report on Monday, January 6th. Wells Fargo & Company decreased their target price on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Evercore ISI increased their price target on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Finally, Piper Sandler upped their target price on Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.85.

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.