Janus Henderson Group PLC Sells 90,423 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Janus Henderson Group PLC cut its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 20.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 357,892 shares of the company's stock after selling 90,423 shares during the period. Janus Henderson Group PLC's holdings in Blue Owl Capital were worth $6,934,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FMR LLC boosted its stake in Blue Owl Capital by 29.9% in the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company's stock valued at $683,874,000 after buying an additional 8,138,475 shares in the last quarter. Stone Point Capital LLC acquired a new stake in Blue Owl Capital during the 2nd quarter worth $112,749,000. State of New Jersey Common Pension Fund A bought a new stake in Blue Owl Capital in the second quarter valued at about $63,115,000. Ceredex Value Advisors LLC bought a new stake in shares of Blue Owl Capital in the 2nd quarter valued at about $32,387,000. Finally, Point72 Asset Management L.P. raised its holdings in Blue Owl Capital by 69.2% in the second quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company's stock worth $73,035,000 after purchasing an additional 1,683,408 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

Blue Owl Capital stock traded up $0.09 during mid-day trading on Tuesday, hitting $23.46. 4,244,055 shares of the company's stock traded hands, compared to its average volume of 5,487,544. Blue Owl Capital Inc. has a fifty-two week low of $13.01 and a fifty-two week high of $25.03. The stock has a market cap of $35.03 billion, a price-to-earnings ratio of 137.97, a P/E/G ratio of 1.58 and a beta of 1.14. The firm has a 50 day simple moving average of $22.70 and a two-hundred day simple moving average of $19.56.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.20. The company had revenue of $600.88 million during the quarter, compared to analysts' expectations of $565.93 million. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. During the same quarter last year, the company posted $0.16 EPS. On average, research analysts anticipate that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.07%. Blue Owl Capital's dividend payout ratio (DPR) is currently 423.53%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Piper Sandler increased their price target on Blue Owl Capital from $23.00 to $25.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Wells Fargo & Company upped their price objective on Blue Owl Capital from $18.50 to $21.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 9th. Evercore ISI lifted their target price on Blue Owl Capital from $21.00 to $22.00 and gave the company an "outperform" rating in a research report on Tuesday, October 8th. Oppenheimer upped their price target on Blue Owl Capital from $21.00 to $24.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $27.00 price objective on shares of Blue Owl Capital in a report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $22.31.

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.