Commerce Bank Reduces Position in Blue Owl Capital Inc. (NYSE:OWL)

Commerce Bank cut its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 28.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 123,647 shares of the company's stock after selling 48,410 shares during the period. Commerce Bank's holdings in Blue Owl Capital were worth $2,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in OWL. Rothschild Investment LLC lifted its holdings in shares of Blue Owl Capital by 316.1% in the 4th quarter. Rothschild Investment LLC now owns 33,955 shares of the company's stock valued at $790,000 after buying an additional 25,795 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Blue Owl Capital by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock valued at $174,829,000 after purchasing an additional 1,372,865 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Blue Owl Capital by 14.7% in the 4th 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 period. Princeton Global Asset Management LLC purchased a new stake in Blue Owl Capital during the fourth quarter worth $1,773,000. Finally, Charles Schwab Investment Management Inc. grew its position in Blue Owl Capital by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company's stock valued at $80,179,000 after buying an additional 106,485 shares during the period. 35.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OWL. Wells Fargo & Company cut their price target on Blue Owl Capital from $22.00 to $19.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group cut shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and cut their target price for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. Piper Sandler cut their price objective on 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. Cfra Research raised Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. Finally, TD Cowen raised Blue Owl Capital from a "hold" rating to a "buy" rating and increased their price objective for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $23.79.

Blue Owl Capital Trading Up 0.2 %

Blue Owl Capital stock traded up $0.03 during trading on Friday, hitting $18.50. The company had a trading volume of 4,338,698 shares, compared to its average volume of 6,697,243. The stock has a market cap of $28.45 billion, a price-to-earnings ratio of 108.83, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The company's 50 day simple moving average is $19.33 and its 200-day simple moving average is $22.10.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a yield of 3.89%. Blue Owl Capital's dividend payout ratio (DPR) is presently 423.53%.

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.