Los Angeles Capital Management LLC Has $14 Million Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

Los Angeles Capital Management LLC cut its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 27.8% in the second quarter, HoldingsChannel reports. The fund owned 788,977 shares of the company’s stock after selling 304,353 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Blue Owl Capital were worth $14,004,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in shares of Blue Owl Capital by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,620,694 shares of the company’s stock worth $53,948,000 after acquiring an additional 100,188 shares during the last quarter. Principal Financial Group Inc. increased its position in Blue Owl Capital by 744.2% in the 4th quarter. Principal Financial Group Inc. now owns 326,718 shares of the company’s stock worth $4,868,000 after purchasing an additional 288,015 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Blue Owl Capital by 12.1% during the 4th quarter. Wells Fargo & Company MN now owns 715,309 shares of the company’s stock worth $10,658,000 after purchasing an additional 76,935 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Blue Owl Capital during the 4th quarter valued at about $46,030,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Blue Owl Capital by 22.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,819,431 shares of the company’s stock valued at $27,110,000 after buying an additional 328,719 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

NYSE OWL opened at $16.11 on Monday. The stock has a 50-day simple moving average of $17.73 and a 200 day simple moving average of $18.06. Blue Owl Capital Inc. has a twelve month low of $11.54 and a twelve month high of $20.13. The stock has a market capitalization of $23.02 billion, a PE ratio of 134.25, a P/E/G ratio of 1.11 and a beta of 1.17.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The company had revenue of $549.85 million during the quarter, compared to analyst estimates of $507.22 million. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. During the same period in the previous year, the company earned $0.16 earnings per share. As a group, equities research analysts forecast that Blue Owl Capital Inc. will post 0.79 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were given a $0.18 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.72 annualized dividend and a yield of 4.47%. Blue Owl Capital’s dividend payout ratio is 600.00%.

Wall Street Analyst Weigh In

OWL has been the topic of several recent research reports. Oppenheimer raised shares of Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research report on Friday, August 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.50 price objective on shares of Blue Owl Capital in a research note on Thursday, June 13th. Citigroup reissued a “buy” rating and set a $21.00 target price on shares of Blue Owl Capital in a research report on Tuesday, May 14th. UBS Group reduced their price target on Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on 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. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $20.23.

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.