Kingswood Wealth Advisors LLC Takes Position in Blue Owl Capital Inc. (NYSE:OWL)

Kingswood Wealth Advisors LLC acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the 4th quarter, Holdings Channel.com reports. The firm acquired 42,260 shares of the company’s stock, valued at approximately $983,000.

Several other institutional investors and hedge funds have also made changes to their positions in OWL. FMR LLC lifted its position in shares of Blue Owl Capital by 29.9% in the third quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after acquiring an additional 8,138,475 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Blue Owl Capital by 17.9% in the third 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of Blue Owl Capital by 14.2% in the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock valued at $157,870,000 after acquiring an additional 1,016,505 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Blue Owl Capital by 29.1% in the third quarter. HighTower Advisors LLC now owns 3,599,852 shares of the company’s stock valued at $69,690,000 after acquiring an additional 811,334 shares in the last quarter. Finally, M&G PLC purchased a new position in Blue Owl Capital during the third quarter worth about $14,720,000. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

OWL stock opened at $25.69 on Wednesday. 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 cap of $38.36 billion, a P/E ratio of 151.11, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The stock has a 50-day simple moving average of $23.88 and a 200-day simple moving average of $21.10.

Blue Owl Capital (NYSE:OWL) last posted 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 business had revenue of $600.88 million during the quarter, compared to analyst estimates of $565.93 million. During the same quarter last year, the firm earned $0.16 earnings per share. On average, equities research analysts predict that Blue Owl Capital Inc. will post 0.78 EPS for the current 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 paid a $0.18 dividend. The ex-dividend date was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.80%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 423.55%.

Analyst Ratings Changes

OWL has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and increased their target price for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. Wells Fargo & Company reduced their target price on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods increased their target price on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Finally, UBS Group raised their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.85.

Blue Owl Capital 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.