Sei Investments Co. Acquires 101,960 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Sei Investments Co. lifted its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 12.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 893,157 shares of the company’s stock after buying an additional 101,960 shares during the quarter. Sei Investments Co.’s holdings in Blue Owl Capital were worth $15,854,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in OWL. Capital World Investors boosted its position in Blue Owl Capital by 0.3% during the first quarter. Capital World Investors now owns 63,339,128 shares of the company’s stock valued at $1,194,576,000 after buying an additional 163,377 shares during the period. Vanguard Group Inc. boosted its holdings in Blue Owl Capital by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 40,731,640 shares of the company’s stock valued at $768,199,000 after acquiring an additional 250,977 shares during the period. Capital International Investors grew its position in Blue Owl Capital by 0.3% during the 1st quarter. Capital International Investors now owns 33,284,962 shares of the company’s stock worth $627,754,000 after acquiring an additional 107,321 shares during the last quarter. Capital Research Global Investors increased its stake in Blue Owl Capital by 11.9% in the 1st quarter. Capital Research Global Investors now owns 10,512,628 shares of the company’s stock worth $198,268,000 after purchasing an additional 1,121,064 shares during the period. Finally, Westfield Capital Management Co. LP lifted its position in Blue Owl Capital by 6.5% in the first quarter. Westfield Capital Management Co. LP now owns 4,529,065 shares of the company’s stock valued at $85,418,000 after purchasing an additional 277,526 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

Analysts Set New Price Targets

OWL has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $18.50 target price on shares of Blue Owl Capital in a research note on Thursday, June 13th. UBS Group reduced their price target on Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Oppenheimer upgraded Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Friday, August 2nd. Finally, Piper Sandler reduced their target price on Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.10.

Blue Owl Capital Stock Down 1.5 %

Shares of OWL stock opened at $18.95 on Friday. The business’s fifty day moving average is $17.82 and its 200 day moving average is $18.08. The stock has a market cap of $27.73 billion, a price-to-earnings ratio of 157.92, a PEG ratio of 1.19 and a beta of 1.17. Blue Owl Capital Inc. has a twelve month low of $12.11 and a twelve month high of $20.13.

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

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.80%. Blue Owl Capital’s dividend 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.