Cibc World Markets Corp Decreases Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

Cibc World Markets Corp trimmed its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 65.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 300,000 shares of the company's stock after selling 560,000 shares during the period. Cibc World Markets Corp's holdings in Blue Owl Capital were worth $6,978,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Corient Private Wealth LLC boosted its holdings in shares of Blue Owl Capital by 33.6% in the fourth quarter. Corient Private Wealth LLC now owns 153,502 shares of the company's stock worth $3,571,000 after buying an additional 38,635 shares during the last quarter. Avalon Trust Co purchased a new position in shares of Blue Owl Capital during the 4th quarter worth $18,128,000. Natixis Advisors LLC lifted its position in Blue Owl Capital by 30.5% during the fourth quarter. Natixis Advisors LLC now owns 322,270 shares of the company's stock valued at $7,496,000 after purchasing an additional 75,392 shares in the last quarter. Frank Rimerman Advisors LLC lifted its position in Blue Owl Capital by 76.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 18,639 shares of the company's stock valued at $434,000 after purchasing an additional 8,061 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Blue Owl Capital by 7.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 322,830 shares of the company's stock valued at $7,509,000 after purchasing an additional 22,498 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Blue Owl Capital Trading Up 0.2 %

Shares of NYSE:OWL traded up $0.05 during mid-day trading on Friday, reaching $20.69. The stock had a trading volume of 11,326,640 shares, compared to its average volume of 5,918,458. The company has a market cap 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 Inc. has a 1 year low of $15.18 and a 1 year high of $26.73. The business's 50 day moving average price is $22.67 and its 200 day moving average price is $22.15.

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

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital's dividend payout ratio is 423.53%.

Analyst Ratings Changes

OWL has been the topic of a number of analyst reports. TD Cowen raised 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 research report on Thursday, January 16th. Piper Sandler lifted their price target on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Monday, December 23rd. Barclays assumed coverage on shares of Blue Owl Capital in a report on Monday, February 24th. They set an "overweight" rating and a $29.00 price target on the stock. Wells Fargo & Company lowered their target price on shares of Blue Owl Capital from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Thursday. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Blue Owl Capital from $22.00 to $26.00 and gave the company a "market perform" rating in a research note on Friday, December 20th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Blue Owl Capital currently has an average rating of "Moderate Buy" and a consensus target price of $26.33.

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.