Boston Partners reduced its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,041,880 shares of the company's stock after selling 149,125 shares during the quarter. Boston Partners owned approximately 1.14% of Blue Owl Capital worth $398,395,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. bought a new position in Blue Owl Capital in the 4th quarter worth $27,000. Allworth Financial LP raised its holdings 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 period. Jones Financial Companies Lllp raised its holdings in Blue Owl Capital by 232.7% during 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. Principal Securities Inc. raised its holdings in Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock valued at $45,000 after acquiring an additional 450 shares during the period. Finally, Versant Capital Management Inc raised its holdings in Blue Owl Capital by 136.2% during the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock valued at $45,000 after acquiring an additional 1,110 shares during the period. 35.85% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on OWL shares. JMP Securities reaffirmed a "market outperform" rating and issued a $32.00 target price (up from $30.00) on shares of Blue Owl Capital in a report on Friday, February 7th. Piper Sandler lifted their target price on Blue Owl Capital from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Monday, December 23rd. Oppenheimer lifted their target price on Blue Owl Capital from $24.00 to $28.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Evercore ISI lifted their target price on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. Finally, Barclays started coverage on Blue Owl Capital in a report on Monday, February 24th. They issued an "overweight" rating and a $29.00 target price on the stock. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $26.33.
Get Our Latest Analysis on OWL
Blue Owl Capital Price Performance
Shares of NYSE:OWL traded up $0.05 during trading hours on Friday, hitting $20.69. 11,326,640 shares of the company's stock traded hands, compared to its average volume of 5,918,458. Blue Owl Capital Inc. has a 1 year low of $15.18 and a 1 year high of $26.73. The business has a fifty day moving average price of $22.67 and a 200-day moving average price of $22.15. The firm has a market capitalization of $31.81 billion, a P/E ratio of 121.68, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19.
Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (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%. As a group, equities 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 announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.48%. Blue Owl Capital's dividend payout ratio (DPR) is presently 423.53%.
About Blue Owl Capital
(
Free Report)
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.
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