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

Pictet Asset Management Holding SA grew its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 31.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,135 shares of the company’s stock after buying an additional 18,622 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Blue Owl Capital were worth $1,794,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

OWL has been the topic of several research reports. Piper Sandler lifted their price objective on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and upped their price objective for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Keefe, Bruyette & Woods increased their price objective 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. Oppenheimer boosted their target price 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. Finally, Barclays assumed coverage on Blue Owl Capital in a research note on Monday, February 24th. They set an “overweight” rating and a $29.00 price target for the company. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.33.

Blue Owl Capital Trading Down 11.4 %

Shares of Blue Owl Capital stock opened at $15.87 on Friday. The company’s 50-day moving average price is $21.82 and its 200-day moving average price is $22.37. Blue Owl Capital Inc. has a 12-month low of $15.18 and a 12-month high of $26.73. The company has a market cap of $24.41 billion, a price-to-earnings ratio of 93.38, a PEG ratio of 1.23 and a beta of 1.19.

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

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.54%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital’s payout ratio is 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.