Cerity Partners LLC Cuts Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Cerity Partners LLC trimmed its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 54.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,552 shares of the company's stock after selling 103,903 shares during the quarter. Cerity Partners LLC's holdings in Blue Owl Capital were worth $2,013,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. TD Cowen upgraded shares of Blue Owl Capital from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $26.00 to $28.00 in a research note on Thursday, January 16th. Evercore ISI increased their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Friday, January 17th. Wells Fargo & Company lowered their price objective on Blue Owl Capital from $22.00 to $19.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Barclays reduced their target price on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Finally, The Goldman Sachs Group downgraded Blue Owl Capital from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $25.00 to $24.75 in a report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $23.79.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock traded up $0.46 during trading on Tuesday, hitting $16.96. 8,799,534 shares of the company's stock were exchanged, compared to its average volume of 6,649,914. The stock has a market capitalization of $26.08 billion, a price-to-earnings ratio of 99.77, a PEG ratio of 1.23 and a beta of 1.20. The business has a 50-day simple moving average of $19.68 and a 200-day simple moving average of $22.16. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73.

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

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital's payout ratio 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.