Allspring Global Investments Holdings LLC Sells 451,804 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Allspring Global Investments Holdings LLC trimmed its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 17.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,075,415 shares of the company's stock after selling 451,804 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.15% of Blue Owl Capital worth $40,180,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OWL. Stone Point Capital LLC purchased a new position in shares of Blue Owl Capital in the second quarter valued at about $112,749,000. Kinetic Partners Management LP bought a new position in Blue Owl Capital in the 1st quarter worth approximately $69,600,000. State of New Jersey Common Pension Fund A bought a new position in Blue Owl Capital in the 2nd quarter worth approximately $63,115,000. Ceredex Value Advisors LLC bought a new stake in shares of Blue Owl Capital during the second quarter valued at approximately $32,387,000. Finally, Point72 Asset Management L.P. raised its position in shares of Blue Owl Capital by 69.2% during the second quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company's stock valued at $73,035,000 after buying an additional 1,683,408 shares during the last quarter. Institutional investors own 35.85% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. TD Cowen reaffirmed a "hold" rating and set a $19.00 target price (down from $21.50) on shares of Blue Owl Capital in a research note on Monday, July 8th. Piper Sandler raised their price objective on Blue Owl Capital from $20.00 to $23.00 and gave the company an "overweight" rating in a research report on Wednesday, October 9th. Evercore ISI boosted their target price on Blue Owl Capital from $21.00 to $22.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th. JMP Securities increased their price target on Blue Owl Capital from $24.00 to $25.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 9th. Finally, Oppenheimer raised their price target on Blue Owl Capital from $21.00 to $24.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $21.65.

Blue Owl Capital Price Performance

Shares of NYSE OWL opened at $23.16 on Wednesday. The company has a market cap of $33.09 billion, a P/E ratio of 193.00, a PEG ratio of 1.29 and a beta of 1.18. The firm has a 50-day simple moving average of $18.86 and a two-hundred day simple moving average of $18.43. Blue Owl Capital Inc. has a 1 year low of $12.11 and a 1 year high of $24.17.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to analysts' expectations of $507.22 million. During the same quarter in the previous year, the business earned $0.16 EPS. As a group, equities research analysts expect that Blue Owl Capital Inc. will post 0.79 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Wednesday, August 21st. Blue Owl Capital's dividend payout ratio is presently 600.00%.

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.