Charles Schwab Investment Management Inc. Grows Stock Position in Blue Owl Capital Inc. $OWL

Charles Schwab Investment Management Inc. increased its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 12.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,072,471 shares of the company’s stock after buying an additional 448,319 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.26% of Blue Owl Capital worth $78,232,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Banque Transatlantique SA purchased a new stake in Blue Owl Capital during the first quarter valued at approximately $31,000. SVB Wealth LLC purchased a new position in shares of Blue Owl Capital during the 1st quarter worth $38,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Blue Owl Capital by 58.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock valued at $50,000 after acquiring an additional 916 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in shares of Blue Owl Capital in the 1st quarter worth $50,000. Finally, MorganRosel Wealth Management LLC purchased a new stake in shares of Blue Owl Capital in the 2nd quarter worth $51,000. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Up 1.9%

NYSE OWL opened at $15.04 on Friday. The firm has a market cap of $23.45 billion, a price-to-earnings ratio of 250.63, a price-to-earnings-growth ratio of 1.13 and a beta of 1.12. The business has a 50-day moving average price of $15.92 and a 200-day moving average price of $17.97. Blue Owl Capital Inc. has a twelve month low of $13.25 and a twelve month high of $26.73.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, October 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%.The company had revenue of $687.00 million for the quarter, compared to the consensus estimate of $685.95 million. Research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 10th were given a dividend of $0.225 per share. The ex-dividend date was Monday, November 10th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.0%. Blue Owl Capital’s dividend payout ratio is currently 1,500.00%.

Analyst Upgrades and Downgrades

OWL has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on Blue Owl Capital from $21.50 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. BMO Capital Markets assumed coverage on Blue Owl Capital in a research note on Friday, October 3rd. They issued an “outperform” rating and a $18.00 price objective on the stock. Barclays lowered their price objective on Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report 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 report on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Blue Owl Capital in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

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.