Johnson Financial Group Inc. bought a new stake in Blue Owl Capital Inc. (NYSE:OWL – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 587,973 shares of the company’s stock, valued at approximately $6,560,000.
Other institutional investors have also recently bought and sold shares of the company. Turim 21 Investimentos Ltda. bought a new position in shares of Blue Owl Capital in the second quarter worth about $168,000. Denali Advisors LLC bought a new stake in shares of Blue Owl Capital during the 2nd quarter valued at approximately $4,665,000. NewEdge Wealth LLC acquired a new position in Blue Owl Capital during the 2nd quarter worth approximately $6,675,000. Danske Bank A S acquired a new position in Blue Owl Capital during the 2nd quarter worth approximately $6,406,000. Finally, Diversify Advisory Services LLC bought a new position in Blue Owl Capital in the 2nd quarter valued at approximately $1,383,000. Institutional investors and hedge funds own 35.85% of the company’s stock.
Blue Owl Capital Stock Performance
Shares of NYSE:OWL opened at $11.78 on Thursday. The firm has a market cap of $18.37 billion, a PE ratio of 98.20, a price-to-earnings-growth ratio of 1.29 and a beta of 1.19. The firm’s fifty day moving average is $9.99 and its 200-day moving average is $10.04. Blue Owl Capital Inc. has a 52 week low of $7.95 and a 52 week high of $19.29.
Blue Owl Capital Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date is Thursday, August 13th. Blue Owl Capital’s payout ratio is 766.67%.
Analysts Set New Price Targets
A number of analysts have weighed in on OWL shares. Citizens Jmp cut their target price on shares of Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 9th. Keefe, Bruyette & Woods upgraded Blue Owl Capital to a “hold” rating in a research note on Monday, July 20th. Credit Suisse Group set a $9.10 price objective on Blue Owl Capital in a report on Thursday, July 2nd. BMO Capital Markets upped their target price on Blue Owl Capital from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Finally, Barclays increased their target price on Blue Owl Capital from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.44.
Check Out Our Latest Stock Analysis on OWL
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.
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