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

Comerica Bank trimmed its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 18.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,215,909 shares of the company's stock after selling 271,785 shares during the period. Comerica Bank owned about 0.08% of Blue Owl Capital worth $28,282,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rothschild Investment LLC grew its holdings in Blue Owl Capital by 316.1% in the 4th quarter. Rothschild Investment LLC now owns 33,955 shares of the company's stock worth $790,000 after acquiring an additional 25,795 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Blue Owl Capital by 17.9% in the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock worth $174,829,000 after purchasing an additional 1,372,865 shares during the last quarter. Arizona State Retirement System raised its position in Blue Owl Capital by 14.7% during 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 last quarter. Princeton Global Asset Management LLC purchased a new stake in Blue Owl Capital in the 4th quarter worth approximately $1,773,000. Finally, Charles Schwab Investment Management Inc. grew its position 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 buying an additional 106,485 shares during the last quarter. 35.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Citigroup dropped their price target on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Oppenheimer set a $24.00 price target on shares of Blue Owl Capital and gave the company an "outperform" rating in a research report on Wednesday, April 16th. Cfra Research upgraded shares of Blue Owl Capital to a "moderate buy" rating in a report on Thursday, March 27th. TD Cowen upgraded Blue Owl Capital from a "hold" rating to a "buy" rating and upped their target price for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. Finally, UBS Group dropped their price target on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Blue Owl Capital currently has an average rating of "Moderate Buy" and an average price target of $23.56.

Blue Owl Capital Stock Up 0.2 %

NYSE OWL traded up $0.04 during trading on Monday, hitting $18.44. 6,336,729 shares of the stock traded hands, compared to its average volume of 6,793,613. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73. The firm has a 50-day simple moving average of $18.93 and a 200-day simple moving average of $21.99. The company has a market capitalization of $28.36 billion, a P/E ratio of 108.48, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $620.19 million for the quarter, compared to analysts' expectations of $636.44 million. As a group, research analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.225 per share. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 annualized dividend and a yield of 4.88%. The ex-dividend date is Wednesday, May 14th. Blue Owl Capital's payout ratio is presently 692.31%.

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.