Raymond James Financial Inc. Acquires New Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Raymond James Financial Inc. acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 653,742 shares of the company’s stock, valued at approximately $15,206,000.

Other institutional investors have also made changes to their positions in the company. Arizona State Retirement System grew its holdings in Blue Owl Capital by 14.7% in the 4th quarter. Arizona State Retirement System now owns 154,708 shares of the company’s stock valued at $3,599,000 after buying an additional 19,810 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Blue Owl Capital in the 4th quarter valued at approximately $487,000. Victory Capital Management Inc. grew its holdings in Blue Owl Capital by 20.0% in the 4th quarter. Victory Capital Management Inc. now owns 779,640 shares of the company’s stock valued at $18,134,000 after buying an additional 130,177 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Blue Owl Capital by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company’s stock valued at $80,179,000 after buying an additional 106,485 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in Blue Owl Capital by 8.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 271,492 shares of the company’s stock valued at $6,315,000 after buying an additional 20,384 shares during the last quarter. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $19.85 on Wednesday. The firm has a market cap of $30.52 billion, a P/E ratio of 116.75, a P/E/G ratio of 1.23 and a beta of 1.19. The business’s fifty day moving average is $22.80 and its two-hundred day moving average is $22.15. Blue Owl Capital Inc. has a 52 week low of $15.18 and a 52 week high of $26.73.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, equities research analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.63%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.53%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods raised their target price on Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Evercore ISI boosted their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Wells Fargo & Company lowered their price objective 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. Piper Sandler boosted their price objective on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Finally, Citigroup restated a “buy” rating and set a $30.00 price objective on shares of Blue Owl Capital in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.48.

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.