US Bancorp DE Purchases 1,456 Shares of Blue Owl Capital Inc. (NYSE:OWL)

US Bancorp DE boosted its position in Blue Owl Capital Inc. (NYSE:OWL) by 11.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 14,187 shares of the company’s stock after purchasing an additional 1,456 shares during the period. US Bancorp DE’s holdings in Blue Owl Capital were worth $284,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Capital World Investors grew its position in shares of Blue Owl Capital by 14.5% during the 4th 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. Federated Hermes Inc. grew its position in shares of Blue Owl Capital by 0.4% during the 1st quarter. Federated Hermes Inc. now owns 6,901,500 shares of the company’s stock valued at $138,306,000 after acquiring an additional 24,800 shares during the period. Cresset Asset Management LLC grew its position in shares of Blue Owl Capital by 4,278.0% during the 4th quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company’s stock valued at $140,794,000 after acquiring an additional 5,914,804 shares during the period. Beck Mack & Oliver LLC grew its position in shares of Blue Owl Capital by 0.6% during the 4th quarter. Beck Mack & Oliver LLC now owns 6,045,216 shares of the company’s stock valued at $140,612,000 after acquiring an additional 37,386 shares during the period. Finally, Voya Investment Management LLC grew its position in shares of Blue Owl Capital by 163.2% during the 4th quarter. Voya Investment Management LLC now owns 5,177,288 shares of the company’s stock valued at $120,424,000 after acquiring an additional 3,209,934 shares during the period. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Price Performance

NYSE OWL opened at $19.70 on Friday. Blue Owl Capital Inc. has a 1 year low of $14.55 and a 1 year high of $26.73. The stock has a market capitalization of $30.52 billion, a PE ratio of 218.87, a P/E/G ratio of 1.31 and a beta of 1.16. The company’s 50 day simple moving average is $19.43 and its two-hundred day simple moving average is $19.82.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, July 31st. 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 2.88% and a return on equity of 19.64%. The business had revenue of $703.11 million for the quarter, compared to analysts’ expectations of $642.13 million. On average, research analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be paid a $0.225 dividend. The ex-dividend date is Thursday, August 14th. This represents a $0.90 annualized dividend and a yield of 4.6%. Blue Owl Capital’s dividend payout ratio is currently 1,000.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a “market perform” rating to an “outperform” rating and increased their target price for the company from $20.00 to $23.00 in a research report on Tuesday, May 20th. Cowen reissued a “buy” rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Oppenheimer increased their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, July 14th. Raymond James Financial initiated coverage on shares of Blue Owl Capital in a research report on Monday, July 28th. They set a “market perform” rating for the company. Finally, Wells Fargo & Company raised their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Friday, May 23rd. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average target price of $24.02.

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.