Blue Owl Capital Inc. (NYSE:OWL) Stock Holdings Lessened by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 27.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 261,676 shares of the company's stock after selling 98,330 shares during the period. Thrivent Financial for Lutherans' holdings in Blue Owl Capital were worth $6,087,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC boosted its holdings in Blue Owl Capital by 1.6% in the 4th quarter. Global Retirement Partners LLC now owns 25,499 shares of the company's stock worth $593,000 after acquiring an additional 413 shares during the period. Dynasty Wealth Management LLC increased its position in shares of Blue Owl Capital by 0.5% during the fourth quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company's stock worth $1,828,000 after acquiring an additional 417 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Blue Owl Capital by 43.3% in the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock worth $36,000 after acquiring an additional 428 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in Blue Owl Capital by 1.4% in the third quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company's stock valued at $622,000 after purchasing an additional 443 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock valued at $45,000 after purchasing an additional 450 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

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Blue Owl Capital Trading Down 2.9 %

OWL traded down $0.62 on Thursday, reaching $20.44. The company had a trading volume of 5,227,694 shares, compared to its average volume of 5,949,829. Blue Owl Capital Inc. has a one year low of $15.18 and a one year high of $26.73. The company has a market capitalization of $31.43 billion, a P/E ratio of 120.21, a PEG ratio of 1.23 and a beta of 1.19. The company has a fifty day moving average of $22.60 and a 200-day moving average of $22.30.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued 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 return on equity of 20.82% and a net margin of 4.77%. Research analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently announced 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. This represents a $0.72 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital's payout ratio is currently 423.53%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on OWL shares. 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 stock from $25.00 to $24.75 in a report on Monday, January 6th. Oppenheimer boosted their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. Citigroup reaffirmed a "buy" rating and set a $30.00 target price on shares of Blue Owl Capital in a report on Thursday, January 23rd. TD Cowen upgraded Blue Owl Capital from a "hold" rating to a "buy" rating and raised their price objective for the stock from $26.00 to $28.00 in a research note on Thursday, January 16th. Finally, JMP Securities reiterated a "market outperform" rating and set a $32.00 target price (up previously from $30.00) on shares of Blue Owl Capital in a research note on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company 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.