Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Brown University

Brown University lessened its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 31.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,076,690 shares of the company's stock after selling 1,855,000 shares during the quarter. Blue Owl Capital accounts for 40.4% of Brown University's portfolio, making the stock its largest position. Brown University owned about 0.27% of Blue Owl Capital worth $94,824,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in OWL. FMR LLC lifted its holdings in shares of Blue Owl Capital by 29.9% in the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company's stock worth $683,874,000 after acquiring an additional 8,138,475 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Blue Owl Capital by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock valued at $174,829,000 after buying an additional 1,372,865 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Blue Owl Capital by 14.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company's stock valued at $157,870,000 after buying an additional 1,016,505 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Blue Owl Capital during the 4th quarter valued at about $23,513,000. Finally, HighTower Advisors LLC lifted its holdings in Blue Owl Capital by 29.1% during the 3rd quarter. HighTower Advisors LLC now owns 3,599,852 shares of the company's stock valued at $69,690,000 after buying an additional 811,334 shares in the last quarter. Institutional investors own 35.85% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages recently weighed in on OWL. JMP Securities reiterated a "market outperform" rating and set a $32.00 price objective (up previously from $30.00) on shares of Blue Owl Capital in a report on Friday, February 7th. TD Cowen upgraded shares of Blue Owl Capital from a "hold" rating to a "buy" rating and lifted their price objective for the company from $26.00 to $28.00 in a report on Thursday, January 16th. Oppenheimer lifted their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. The Goldman Sachs Group lowered shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $25.00 to $24.75 in a report on Monday, January 6th. Finally, Piper Sandler raised their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Monday, December 23rd. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $26.33.

Blue Owl Capital Stock Down 1.6 %

Shares of Blue Owl Capital stock traded down $0.33 on Thursday, reaching $20.68. The stock had a trading volume of 11,247,384 shares, compared to its average volume of 5,885,015. The stock has a market capitalization of $31.80 billion, a P/E ratio of 121.63, a P/E/G ratio of 1.23 and a beta of 1.19. Blue Owl Capital Inc. has a 1 year low of $15.18 and a 1 year high of $26.73. The company has a 50 day moving average price of $22.76 and a 200 day moving average price of $22.14.

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

Blue Owl Capital Dividend Announcement

The business 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. This represents a $0.72 annualized dividend and a yield of 3.48%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital's dividend payout ratio is presently 423.53%.

Blue Owl Capital 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.