Zurcher Kantonalbank Zurich Cantonalbank Sells 4,433 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in Blue Owl Capital Inc. (NYSE:OWL) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,288 shares of the company’s stock after selling 4,433 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Blue Owl Capital were worth $973,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in OWL. Strs Ohio purchased a new stake in Blue Owl Capital during the fourth quarter valued at approximately $1,086,000. Cerity Partners LLC purchased a new stake in Blue Owl Capital during the fourth quarter valued at approximately $2,561,000. Toth Financial Advisory Corp lifted its position in Blue Owl Capital by 90.9% during the fourth quarter. Toth Financial Advisory Corp now owns 52,500 shares of the company’s stock valued at $782,000 after acquiring an additional 25,000 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in Blue Owl Capital during the fourth quarter valued at approximately $9,929,000. Finally, International Assets Investment Management LLC purchased a new stake in Blue Owl Capital during the fourth quarter valued at approximately $1,690,000. 35.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. JMP Securities reissued a “market outperform” rating and set a $24.00 target price on shares of Blue Owl Capital in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $19.00 target price on shares of Blue Owl Capital in a research report on Thursday, April 4th. TD Cowen initiated coverage on shares of Blue Owl Capital in a research note on Thursday, January 4th. They set an “outperform” rating and a $17.00 price target on the stock. Evercore ISI upped their price target on shares of Blue Owl Capital from $18.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Finally, Piper Sandler upped their price target on shares of Blue Owl Capital from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Two 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, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.48.

Blue Owl Capital Price Performance

NYSE:OWL opened at $18.79 on Monday. The firm has a market capitalization of $26.85 billion, a P/E ratio of 187.92, a PEG ratio of 1.22 and a beta of 1.27. Blue Owl Capital Inc. has a 1-year low of $9.70 and a 1-year high of $19.87. The company’s fifty day moving average price is $18.26 and its 200-day moving average price is $15.72.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Friday, February 9th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $494.04 million for the quarter, compared to analyst estimates of $438.77 million. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.31%. During the same quarter in the prior year, the business earned $0.15 earnings per share. Equities analysts anticipate that Blue Owl Capital Inc. will post 0.84 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, February 23rd were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.98%. Blue Owl Capital’s payout ratio is currently 560.06%.

Blue Owl Capital Company 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.