DnB Asset Management AS Has $8.21 Million Holdings in Blue Owl Capital Inc. (NYSE:OWL)

DnB Asset Management AS increased its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 353,119 shares of the company's stock after purchasing an additional 35,782 shares during the quarter. DnB Asset Management AS's holdings in Blue Owl Capital were worth $8,214,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in OWL. Cerity Partners LLC lifted its stake in shares of Blue Owl Capital by 3.2% in the third quarter. Cerity Partners LLC now owns 190,455 shares of the company's stock worth $3,687,000 after buying an additional 5,874 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Blue Owl Capital by 14.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 114,277 shares of the company's stock worth $2,212,000 after acquiring an additional 14,411 shares during the period. Fiduciary Trust Co lifted its position in Blue Owl Capital by 31.3% during the 3rd quarter. Fiduciary Trust Co now owns 56,665 shares of the company's stock worth $1,097,000 after acquiring an additional 13,498 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Blue Owl Capital by 22.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 85,406 shares of the company's stock valued at $1,653,000 after acquiring an additional 15,613 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in shares of Blue Owl Capital by 4.1% in the third quarter. Rockefeller Capital Management L.P. now owns 170,145 shares of the company's stock valued at $3,294,000 after purchasing an additional 6,701 shares during the last quarter. Institutional investors own 35.85% of the company's stock.

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Analyst Upgrades and Downgrades

OWL has been the subject of several research analyst reports. JMP Securities reissued a "market outperform" rating and set a $32.00 price objective (up previously from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Oppenheimer increased their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. TD Cowen raised shares of Blue Owl Capital from a "hold" rating to a "buy" rating and increased their price target for the company from $26.00 to $28.00 in a report on Thursday, January 16th. Finally, Barclays assumed coverage on shares of Blue Owl Capital in a research report on Monday, February 24th. They issued an "overweight" rating and a $29.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $26.33.

Blue Owl Capital Stock Performance

NYSE OWL traded down $2.60 during trading on Thursday, reaching $18.56. 3,710,014 shares of the company traded hands, compared to its average volume of 6,092,056. Blue Owl Capital Inc. has a 1-year low of $15.18 and a 1-year high of $26.73. The company has a market cap of $28.54 billion, a price-to-earnings ratio of 109.18, a P/E/G ratio of 1.23 and a beta of 1.19. The stock's 50 day moving average price is $22.20 and its two-hundred day moving average price is $22.42.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. Equities research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital's dividend payout ratio (DPR) is currently 423.53%.

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.