National Bank of Canada FI Lowers Holdings in Blue Owl Capital Inc. (NYSE:OWL)

National Bank of Canada FI trimmed its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 18.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 361,536 shares of the company's stock after selling 80,871 shares during the quarter. National Bank of Canada FI's holdings in Blue Owl Capital were worth $8,419,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Franklin Resources Inc. increased its holdings in Blue Owl Capital by 3.9% in the 4th quarter. Franklin Resources Inc. now owns 2,928,919 shares of the company's stock worth $68,127,000 after acquiring an additional 110,045 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of Blue Owl Capital by 48.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 3,244,057 shares of the company's stock worth $75,392,000 after purchasing an additional 1,057,101 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Blue Owl Capital by 5.1% during the 4th quarter. California Public Employees Retirement System now owns 798,955 shares of the company's stock valued at $18,584,000 after purchasing an additional 38,879 shares during the period. DnB Asset Management AS lifted its stake in shares of Blue Owl Capital by 11.3% during the 4th quarter. DnB Asset Management AS now owns 353,119 shares of the company's stock valued at $8,214,000 after buying an additional 35,782 shares in the last quarter. Finally, Orion Portfolio Solutions LLC boosted its holdings in Blue Owl Capital by 10.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 58,277 shares of the company's stock worth $1,356,000 after buying an additional 5,308 shares during the period. 35.85% of the stock is currently owned by institutional investors.

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Blue Owl Capital Stock Down 6.2 %

OWL traded down $1.13 during trading on Thursday, reaching $17.07. The company had a trading volume of 2,187,464 shares, compared to its average volume of 6,355,009. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73. The stock has a market cap of $26.26 billion, a P/E ratio of 100.69, a PEG ratio of 1.23 and a beta of 1.20. The business has a 50 day simple moving average of $20.94 and a 200-day simple moving average of $22.31.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting analysts' consensus estimates 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 research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a yield of 4.22%. Blue Owl Capital's payout ratio is 423.53%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Piper Sandler decreased their price target on Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating on the stock in a report on Tuesday. Oppenheimer increased 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. Evercore ISI boosted their target price 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. Wells Fargo & Company cut their target price on shares of Blue Owl Capital from $22.00 to $19.00 and set an "equal weight" rating for the company in a research note on Tuesday. Finally, Citigroup decreased their price target 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. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Blue Owl Capital has a consensus rating of "Moderate Buy" and a consensus price target of $24.10.

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.