Blue Owl Capital Inc. (NYSE:OWL) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV increased its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 127.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,459 shares of the company’s stock after purchasing an additional 14,846 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Blue Owl Capital were worth $615,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of OWL. Capital World Investors lifted its holdings in Blue Owl Capital by 14.5% in the fourth quarter. Capital World Investors now owns 77,168,640 shares of the company’s stock valued at $1,794,943,000 after acquiring an additional 9,794,102 shares during the period. Vanguard Group Inc. lifted its holdings in Blue Owl Capital by 11.7% in 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 during the period. FMR LLC lifted its holdings in Blue Owl Capital by 28.1% in the fourth quarter. FMR LLC now owns 45,241,160 shares of the company’s stock valued at $1,052,309,000 after acquiring an additional 9,917,071 shares during the period. JPMorgan Chase & Co. lifted its holdings in Blue Owl Capital by 2.4% in the fourth quarter. JPMorgan Chase & Co. now owns 9,248,983 shares of the company’s stock valued at $215,131,000 after acquiring an additional 218,586 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Blue Owl Capital by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 8,426,251 shares of the company’s stock valued at $196,060,000 after acquiring an additional 274,094 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of OWL opened at $18.53 on Monday. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73. The stock has a market capitalization of $28.50 billion, a price-to-earnings ratio of 109.01, a PEG ratio of 1.23 and a beta of 1.21. The stock has a 50 day moving average price of $18.66 and a 200 day moving average price of $21.81.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $620.19 million during the quarter, compared to analysts’ expectations of $636.44 million. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. On average, analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a $0.225 dividend. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.18. This represents a $0.90 annualized dividend and a yield of 4.86%. The ex-dividend date is Wednesday, May 14th. Blue Owl Capital’s dividend payout ratio is presently 692.31%.

Wall Street Analyst Weigh In

OWL has been the subject of a number of analyst reports. JMP Securities decreased their price target on Blue Owl Capital from $32.00 to $28.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. UBS Group decreased their price target on Blue Owl Capital from $26.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Evercore ISI upped their target price on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Cfra Research raised Blue Owl Capital to a “moderate buy” rating in a research note on Thursday, March 27th. Finally, Oppenheimer set a $24.00 target price on Blue Owl Capital and gave the stock an “outperform” rating in a research note on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average target price of $23.56.

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.