Allspring Global Investments Holdings LLC Cuts Stake in Blue Owl Capital Inc. (NYSE:OWL)

Allspring Global Investments Holdings LLC lessened its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 17.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,075,415 shares of the company's stock after selling 451,804 shares during the period. Allspring Global Investments Holdings LLC owned about 0.15% of Blue Owl Capital worth $40,180,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of OWL. Affinity Wealth Management LLC increased its stake in shares of Blue Owl Capital by 5.3% in the third quarter. Affinity Wealth Management LLC now owns 13,347 shares of the company's stock worth $258,000 after purchasing an additional 675 shares during the period. Raymond James Trust N.A. raised its holdings in shares of Blue Owl Capital by 6.7% in the second quarter. Raymond James Trust N.A. now owns 11,217 shares of the company's stock valued at $199,000 after buying an additional 708 shares during the last quarter. Capital Insight Partners LLC raised its stake in shares of Blue Owl Capital by 2.6% in the second quarter. Capital Insight Partners LLC now owns 32,637 shares of the company's stock worth $579,000 after acquiring an additional 815 shares during the last quarter. Great Diamond Partners LLC lifted its holdings in Blue Owl Capital by 2.5% during the 2nd quarter. Great Diamond Partners LLC now owns 42,626 shares of the company's stock worth $757,000 after buying an additional 1,030 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of Blue Owl Capital by 4.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,998 shares of the company's stock valued at $479,000 after acquiring an additional 1,103 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OWL has been the subject of several recent analyst reports. TD Cowen restated a "hold" rating and issued a $19.00 price target (down from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. JMP Securities lifted their target price on Blue Owl Capital from $24.00 to $25.00 and gave the stock a "market outperform" rating in a report on Wednesday, October 9th. UBS Group upped their price target on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a "buy" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Blue Owl Capital from $21.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Finally, Oppenheimer lifted their target price on shares of Blue Owl Capital from $21.00 to $24.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $21.65.

Blue Owl Capital Trading Down 0.5 %

OWL stock traded down $0.11 during midday trading on Wednesday, hitting $23.05. The company's stock had a trading volume of 5,766,815 shares, compared to its average volume of 5,266,482. Blue Owl Capital Inc. has a 12 month low of $12.11 and a 12 month high of $24.17. The firm's 50-day moving average is $18.98 and its 200-day moving average is $18.45. The company has a market cap of $32.93 billion, a PE ratio of 195.83, a P/E/G ratio of 1.29 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, hitting analysts' consensus estimates of $0.19. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. The company had revenue of $549.85 million for the quarter, compared to analysts' expectations of $507.22 million. During the same period last year, the firm earned $0.16 EPS. Analysts expect that Blue Owl Capital Inc. will post 0.79 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.12%. Blue Owl Capital's dividend payout ratio is currently 600.00%.

About Blue Owl Capital

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.