Pictet Asset Management Holding SA Acquires 18,622 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Pictet Asset Management Holding SA lifted its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 31.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,135 shares of the company’s stock after purchasing an additional 18,622 shares during the period. Pictet Asset Management Holding SA’s holdings in Blue Owl Capital were worth $1,794,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of OWL. Global Retirement Partners LLC lifted its holdings in Blue Owl Capital by 1.6% during the 4th quarter. Global Retirement Partners LLC now owns 25,499 shares of the company’s stock worth $593,000 after buying an additional 413 shares during the period. Dynasty Wealth Management LLC lifted its stake in shares of Blue Owl Capital by 0.5% in the fourth quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company’s stock worth $1,828,000 after acquiring an additional 417 shares during the period. Allworth Financial LP lifted its stake in shares of Blue Owl Capital by 43.3% in the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock worth $36,000 after acquiring an additional 428 shares during the period. Kovitz Investment Group Partners LLC increased its position in Blue Owl Capital by 1.4% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock valued at $622,000 after purchasing an additional 443 shares during the period. Finally, Principal Securities Inc. raised its holdings in Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock worth $45,000 after purchasing an additional 450 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Down 11.4 %

Blue Owl Capital stock opened at $15.87 on Friday. The firm’s fifty day moving average price is $21.82 and its two-hundred day moving average price is $22.37. The firm has a market capitalization of $24.41 billion, a price-to-earnings ratio of 93.38, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19. Blue Owl Capital Inc. has a 1-year low of $15.18 and a 1-year high of $26.73.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting 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, research analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on OWL shares. Citigroup reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Blue Owl Capital in a research note on Thursday, January 23rd. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and increased their price target for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. Oppenheimer boosted their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. The Goldman Sachs Group cut Blue Owl Capital from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. Finally, Evercore ISI lifted their target price on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.

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.