Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. lowered its position in Blue Owl Capital Inc. (NYSE:OWL) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,366 shares of the company’s stock after selling 452 shares during the quarter. Fulton Bank N.A.’s holdings in Blue Owl Capital were worth $427,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in OWL. FMR LLC raised its holdings in shares of Blue Owl Capital by 29.9% during the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after buying an additional 8,138,475 shares during the period. JPMorgan Chase & Co. grew its position in Blue Owl Capital by 17.9% in the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after acquiring an additional 1,372,865 shares in the last quarter. State Street Corp grew its position in Blue Owl Capital by 5.6% in the third quarter. State Street Corp now owns 8,452,073 shares of the company’s stock valued at $163,632,000 after acquiring an additional 449,066 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Blue Owl Capital by 14.2% during the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock valued at $157,870,000 after purchasing an additional 1,016,505 shares during the period. Finally, Westfield Capital Management Co. LP lifted its position in shares of Blue Owl Capital by 4.6% during the third quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock worth $130,415,000 after purchasing an additional 293,221 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Analysts Set New Price Targets

OWL has been the subject of several recent analyst reports. JMP Securities restated a “market outperform” rating and set a $27.00 target price on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Evercore ISI lifted their price target on Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Wells Fargo & Company increased their target price on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. The Goldman Sachs Group downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and lowered their price target for the company from $25.00 to $24.75 in a report on Monday, January 6th. Finally, UBS Group raised their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.10.

Blue Owl Capital Stock Performance

OWL stock opened at $22.60 on Friday. Blue Owl Capital Inc. has a 1 year low of $14.42 and a 1 year high of $25.03. The stock has a market capitalization of $33.75 billion, a price-to-earnings ratio of 132.95, a PEG ratio of 1.66 and a beta of 1.14. The stock’s fifty day moving average is $23.44 and its two-hundred day moving average is $20.47.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The company had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. During the same quarter last year, the business earned $0.16 earnings per share. As a group, analysts predict that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a yield of 3.19%. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

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.