Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,541,991 shares of the company's stock after selling 34,483 shares during the period. Wells Fargo & Company MN owned 0.10% of Blue Owl Capital worth $35,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Rakuten Securities Inc. purchased a new stake in Blue Owl Capital during the 4th quarter valued at $27,000. Allworth Financial LP increased its position in Blue Owl Capital by 43.3% during the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after acquiring an additional 428 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Blue Owl Capital by 232.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock valued at $44,000 after acquiring an additional 1,315 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Blue Owl Capital by 136.2% in the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock worth $45,000 after acquiring an additional 1,110 shares during the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after purchasing an additional 450 shares during the period. 35.85% of the stock is owned by institutional investors.

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Blue Owl Capital Stock Performance

NYSE:OWL traded down $0.47 during trading hours on Wednesday, reaching $17.11. The company's stock had a trading volume of 4,095,114 shares, compared to its average volume of 8,015,072. The stock has a 50 day moving average price of $20.33 and a two-hundred day moving average price of $22.26. The company has a market capitalization of $26.31 billion, a P/E ratio of 100.74, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73.

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

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital's dividend payout ratio is currently 423.53%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on OWL. The Goldman Sachs Group lowered Blue Owl Capital from a "buy" rating to a "neutral" rating and dropped their target price for the company from $25.00 to $24.75 in a research report on Monday, January 6th. Wells Fargo & Company reduced their target price on Blue Owl Capital from $22.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Evercore ISI upped their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. Piper Sandler decreased their price objective on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Citigroup dropped their target price on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $24.10.

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.