Bank of America Corp DE Lowers Position in Blue Owl Capital Inc. (NYSE:OWL)

Bank of America Corp DE trimmed its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,861,061 shares of the company's stock after selling 3,966,738 shares during the quarter. Bank of America Corp DE owned 2.54% of Blue Owl Capital worth $880,648,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rothschild Investment LLC grew its holdings in Blue Owl Capital by 316.1% during the 4th quarter. Rothschild Investment LLC now owns 33,955 shares of the company's stock valued at $790,000 after purchasing an additional 25,795 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Blue Owl Capital by 14.7% during the fourth quarter. Arizona State Retirement System now owns 154,708 shares of the company's stock valued at $3,599,000 after purchasing an additional 19,810 shares during the last quarter. Princeton Global Asset Management LLC bought a new position in Blue Owl Capital during the 4th quarter worth $1,773,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Blue Owl Capital by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company's stock worth $80,179,000 after acquiring an additional 106,485 shares during the period. Finally, Scholtz & Company LLC increased its stake in shares of Blue Owl Capital by 13.0% in the fourth quarter. Scholtz & Company LLC now owns 153,615 shares of the company's stock valued at $3,573,000 after purchasing an additional 17,685 shares during the period. Institutional investors and hedge funds own 35.85% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on OWL. Wells Fargo & Company raised their price target on Blue Owl Capital from $19.00 to $20.00 and gave the company an "equal weight" rating in a report on Friday. Citigroup reduced their price target on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Piper Sandler reduced their target price on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. 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, Evercore ISI boosted their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $23.56.

Blue Owl Capital Stock Up 0.2 %

NYSE:OWL opened at $18.44 on Tuesday. The firm has a 50-day moving average price of $18.87 and a 200 day moving average price of $21.95. The firm has a market capitalization of $28.36 billion, a PE ratio of 108.48, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. The company had revenue of $620.19 million during the quarter, compared to analyst estimates of $636.44 million. On average, research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.88%. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio (DPR) is 692.31%.

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.

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