Federated Hermes Inc. Acquires 1,322,800 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Federated Hermes Inc. boosted its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 23.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,876,700 shares of the company’s stock after purchasing an additional 1,322,800 shares during the quarter. Federated Hermes Inc. owned about 0.46% of Blue Owl Capital worth $159,952,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $137,118,000. Vanguard Group Inc. grew its stake in Blue Owl Capital by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company’s stock valued at $1,237,581,000 after acquiring an additional 5,558,868 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in 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 last quarter. CIBC Private Wealth Group LLC lifted its stake in Blue Owl Capital by 48.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 3,244,057 shares of the company’s stock worth $75,392,000 after purchasing an additional 1,057,101 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Blue Owl Capital by 14.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock valued at $157,870,000 after purchasing an additional 1,016,505 shares during the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Piper Sandler boosted their target price on Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Evercore ISI increased their target price 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. Oppenheimer boosted their price target on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Cfra Research upgraded shares of Blue Owl Capital to a “moderate buy” rating in a research report on Thursday, March 27th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $26.33.

Blue Owl Capital Price Performance

Shares of NYSE OWL opened at $15.87 on Friday. Blue Owl Capital Inc. has a 1 year low of $15.18 and a 1 year high of $26.73. The firm has a 50-day simple moving average of $21.82 and a two-hundred day simple moving average of $22.40. The company has a market cap of $24.41 billion, a P/E ratio of 93.38, a PEG ratio of 1.23 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (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%. As a group, equities research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital’s payout ratio is presently 423.53%.

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.