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

Allspring Global Investments Holdings LLC reduced its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 17.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new stake in Blue Owl Capital in the first quarter valued at approximately $26,000. ORG Partners LLC bought a new stake in Blue Owl Capital in the second quarter valued at approximately $32,000. ORG Wealth Partners LLC bought a new stake in Blue Owl Capital in the third quarter valued at approximately $32,000. Family Firm Inc. bought a new stake in Blue Owl Capital in the second quarter valued at approximately $40,000. Finally, Rothschild Investment LLC bought a new stake in Blue Owl Capital in the second quarter valued at approximately $45,000. 35.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. TD Cowen reiterated a “hold” rating and issued a $19.00 target price (down from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Oppenheimer upped their target price on Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Wells Fargo & Company boosted their price target on Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft dropped their price target on Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Piper Sandler boosted their price target on Blue Owl Capital from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.65.

Blue Owl Capital Stock Down 2.5 %

Shares of NYSE:OWL opened at $23.16 on Wednesday. Blue Owl Capital Inc. has a twelve month low of $12.11 and a twelve month high of $24.17. The stock’s 50 day moving average is $18.86 and its 200-day moving average is $18.43. The firm has a market capitalization of $33.09 billion, a price-to-earnings ratio of 193.00, a PEG ratio of 1.29 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, August 1st. The company reported $0.19 earnings per share 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 analyst estimates of $507.22 million. During the same period in the prior year, the firm earned $0.16 earnings per share. Equities research analysts anticipate that Blue Owl Capital Inc. will post 0.79 earnings per share 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. Investors of record on Wednesday, August 21st were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date was Wednesday, August 21st. Blue Owl Capital’s 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.