Boston Partners Decreases Holdings in Blue Owl Capital Inc. $OWL

Boston Partners decreased its stake in Blue Owl Capital Inc. (NYSE:OWL) by 61.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,476,166 shares of the company’s stock after selling 8,627,230 shares during the period. Boston Partners owned 0.35% of Blue Owl Capital worth $105,234,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Blue Owl Capital by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 62,948,362 shares of the company’s stock worth $1,209,238,000 after purchasing an additional 2,535,475 shares during the last quarter. Geode Capital Management LLC grew its holdings in Blue Owl Capital by 14.6% during the second quarter. Geode Capital Management LLC now owns 10,293,279 shares of the company’s stock valued at $197,766,000 after purchasing an additional 1,313,108 shares during the period. JPMorgan Chase & Co. increased its position in Blue Owl Capital by 2.4% in the second quarter. JPMorgan Chase & Co. now owns 9,904,618 shares of the company’s stock worth $190,270,000 after buying an additional 232,890 shares during the last quarter. Beck Mack & Oliver LLC increased its position in Blue Owl Capital by 12.1% in the first quarter. Beck Mack & Oliver LLC now owns 6,777,668 shares of the company’s stock worth $135,824,000 after buying an additional 732,452 shares during the last quarter. Finally, Cresset Asset Management LLC raised its stake in shares of Blue Owl Capital by 1.4% in the first quarter. Cresset Asset Management LLC now owns 6,140,749 shares of the company’s stock valued at $123,061,000 after buying an additional 87,684 shares during the period. 35.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on OWL. Evercore ISI cut their price target on Blue Owl Capital from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Oppenheimer set a $25.00 target price on shares of Blue Owl Capital and gave the stock an “outperform” rating in a research report on Friday, October 31st. BMO Capital Markets started coverage on shares of Blue Owl Capital in a research note on Friday, October 3rd. They issued an “outperform” rating and a $18.00 target price for the company. Barclays dropped their price target on shares of Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Blue Owl Capital from $21.50 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $14.79 on Thursday. Blue Owl Capital Inc. has a fifty-two week low of $13.25 and a fifty-two week high of $26.73. The stock has a market cap of $23.07 billion, a P/E ratio of 246.52, a PEG ratio of 1.09 and a beta of 1.12. The firm’s fifty day moving average price is $16.08 and its 200-day moving average price is $18.04.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $687.00 million during the quarter, compared to analyst estimates of $685.95 million. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%. Sell-side analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.90 annualized dividend and a dividend yield of 6.1%. Blue Owl Capital’s payout ratio is presently 1,500.00%.

About Blue Owl Capital

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.