Vanguard Group Inc. Increases Stake in Blue Owl Capital Inc. (NYSE:OWL)

Vanguard Group Inc. raised its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 11.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,206,392 shares of the company’s stock after acquiring an additional 5,558,868 shares during the quarter. Vanguard Group Inc.’s holdings in Blue Owl Capital were worth $1,237,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. purchased a new position in Blue Owl Capital during the fourth quarter valued at $27,000. Allworth Financial LP lifted its position in shares of Blue Owl Capital by 43.3% during the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock valued at $36,000 after buying an additional 428 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Blue Owl Capital by 232.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock valued at $44,000 after buying an additional 1,315 shares in the last quarter. Principal Securities Inc. increased its holdings in Blue Owl Capital by 30.6% in the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock worth $45,000 after acquiring an additional 450 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in Blue Owl Capital by 136.2% during the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock worth $45,000 after acquiring an additional 1,110 shares during the period. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Down 2.9 %

Shares of NYSE:OWL opened at $20.44 on Friday. The company has a market cap of $31.43 billion, a price-to-earnings ratio of 120.21, a PEG ratio of 1.23 and a beta of 1.19. Blue Owl Capital Inc. has a 12 month low of $15.18 and a 12 month high of $26.73. The company has a 50-day moving average price of $22.54 and a 200 day moving average price of $22.28.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, equities analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were given 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 dividend payout ratio (DPR) is 423.53%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $25.00 to $24.75 in a research report on Monday, January 6th. TD Cowen raised Blue Owl Capital from a “hold” rating to a “buy” rating and raised their price target for the company from $26.00 to $28.00 in a report on Thursday, January 16th. Wells Fargo & Company dropped their price objective on Blue Owl Capital from $24.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. Piper Sandler boosted their price target on Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Finally, Keefe, Bruyette & Woods upped their price target on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average price target of $26.33.

Blue Owl Capital Company 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.