Charles Schwab Investment Management Inc. Sells 755,679 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Charles Schwab Investment Management Inc. trimmed its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 18.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,340,572 shares of the company’s stock after selling 755,679 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.23% of Blue Owl Capital worth $64,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Stone Point Capital LLC acquired a new stake in Blue Owl Capital during the 2nd quarter valued at approximately $112,749,000. Point72 Asset Management L.P. increased 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 worth $73,035,000 after buying an additional 1,683,408 shares during the period. State of New Jersey Common Pension Fund A bought a new position in Blue Owl Capital during the second quarter worth $63,115,000. Bank of New York Mellon Corp lifted its holdings in Blue Owl Capital by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 2,406,242 shares of the company’s stock valued at $42,711,000 after buying an additional 105,774 shares during the period. Finally, Cortland Associates Inc. MO boosted its position in Blue Owl Capital by 30.3% during the third quarter. Cortland Associates Inc. MO now owns 2,038,244 shares of the company’s stock valued at $39,460,000 after acquiring an additional 473,608 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

OWL opened at $23.77 on Friday. Blue Owl Capital Inc. has a fifty-two week low of $13.01 and a fifty-two week high of $25.03. The firm has a market capitalization of $35.50 billion, a PE ratio of 139.82, a P/E/G ratio of 1.63 and a beta of 1.14. The company’s 50-day moving average is $21.92 and its 200 day moving average is $19.27.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $600.88 million during the quarter, compared to the consensus estimate of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same period in the prior year, the business posted $0.16 earnings per share. As a group, analysts expect that Blue Owl Capital Inc. will post 0.78 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s dividend payout ratio is 423.53%.

Analyst Ratings Changes

OWL has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. UBS Group boosted their price target on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Evercore ISI raised their price objective on shares of 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 boosted their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company a “market outperform” rating in a research report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.31.

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.