Geode Capital Management LLC Has $174.98 Million Holdings in Blue Owl Capital Inc. $OWL

Geode Capital Management LLC boosted its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 5.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,709,690 shares of the company’s stock after acquiring an additional 555,371 shares during the quarter. Geode Capital Management LLC’s holdings in Blue Owl Capital were worth $174,980,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Bessemer Group Inc. boosted its stake in Blue Owl Capital by 20.3% in the third quarter. Bessemer Group Inc. now owns 4,967 shares of the company’s stock valued at $84,000 after buying an additional 838 shares in the last quarter. Kingswood Wealth Advisors LLC raised its position in Blue Owl Capital by 1.2% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 76,939 shares of the company’s stock valued at $1,149,000 after purchasing an additional 909 shares during the last quarter. Halbert Hargrove Global Advisors LLC lifted its stake in shares of Blue Owl Capital by 83.5% in the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock worth $30,000 after acquiring an additional 910 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Blue Owl Capital by 26.0% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,970 shares of the company’s stock worth $84,000 after acquiring an additional 1,027 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Blue Owl Capital by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 190,579 shares of the company’s stock worth $3,227,000 after acquiring an additional 1,182 shares during the period. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $9.72 on Thursday. Blue Owl Capital Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $21.08. The stock has a 50 day simple moving average of $9.48 and a two-hundred day simple moving average of $12.09. The company has a market cap of $15.10 billion, a P/E ratio of 80.96, a PEG ratio of 1.06 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%.The firm had revenue of $699.88 million during the quarter, compared to analysts’ expectations of $687.23 million. On average, research analysts predict that Blue Owl Capital Inc. will post 0.88 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 9.5%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, May 13th. Blue Owl Capital’s payout ratio is 766.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on OWL shares. TD Cowen reiterated a “buy” rating and issued a $14.00 target price on shares of Blue Owl Capital in a report on Monday, May 18th. BMO Capital Markets lowered their target price on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Zacks Research upgraded Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. JPMorgan Chase & Co. lowered their target price on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Finally, The Goldman Sachs Group lowered their target price on Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and an average price target of $14.04.

About Blue Owl Capital

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.