Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by 1832 Asset Management L.P.

1832 Asset Management L.P. decreased its position in shares of Blue Owl Capital Inc. (NYSE:OWLFree Report) by 59.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 526,400 shares of the company’s stock after selling 783,356 shares during the quarter. 1832 Asset Management L.P.’s holdings in Blue Owl Capital were worth $7,843,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Blue Owl Capital by 3.3% in the third quarter. Vanguard Group Inc. now owns 40,199,339 shares of the company’s stock valued at $520,983,000 after buying an additional 1,293,941 shares during the last quarter. Capital International Investors lifted its position in Blue Owl Capital by 12.0% in the fourth quarter. Capital International Investors now owns 33,177,641 shares of the company’s stock valued at $494,347,000 after buying an additional 3,565,657 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in Blue Owl Capital in the third quarter valued at about $59,997,000. Charles Schwab Investment Management Inc. lifted its position in Blue Owl Capital by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,620,694 shares of the company’s stock valued at $53,948,000 after buying an additional 100,188 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in Blue Owl Capital by 35.2% in the third quarter. HighTower Advisors LLC now owns 2,487,840 shares of the company’s stock valued at $32,242,000 after buying an additional 647,815 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Evercore ISI boosted their price target on shares of Blue Owl Capital from $18.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Piper Sandler upped their target price on shares of Blue Owl Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. TD Cowen cut their target price on shares of Blue Owl Capital from $23.00 to $21.50 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $19.00 price target on shares of Blue Owl Capital in a report on Thursday, April 4th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.43.

Get Our Latest Analysis on Blue Owl Capital

Blue Owl Capital Stock Performance

NYSE:OWL opened at $16.69 on Friday. The stock has a fifty day moving average price of $18.62 and a two-hundred day moving average price of $16.81. The stock has a market capitalization of $23.85 billion, a price-to-earnings ratio of 139.08, a PEG ratio of 1.02 and a beta of 1.20. Blue Owl Capital Inc. has a 1 year low of $10.64 and a 1 year high of $19.87.

Blue Owl Capital (NYSE:OWLGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $486.55 million during the quarter, compared to analysts’ expectations of $478.47 million. Blue Owl Capital had a return on equity of 18.15% and a net margin of 3.84%. On average, analysts predict that Blue Owl Capital Inc. will post 0.82 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st were given a $0.18 dividend. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, May 20th. This represents a $0.72 annualized dividend and a yield of 4.31%. Blue Owl Capital’s dividend payout ratio is presently 600.00%.

Blue Owl Capital Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Blue Owl Capital (NYSE:OWL)

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