Citigroup Inc. Has $12.43 Million Position in Blue Owl Capital Inc. $OWL

Key Points

• Citigroup Inc. increased its stake in Blue Owl Capital by 153.4% in Q1, acquiring an additional 375,353 shares, bringing its total holdings to 620,043 shares valued at approximately $12.4 million.
• Blue Owl Capital recently declared a quarterly dividend of $0.225 per share, translating to an annual yield of 4.6%, with a payout ratio of 1,000%.
• The company reported a net revenue of $703.11 million for the last quarter, exceeding analyst estimates of $642.13 million, alongside matching earnings per share of $0.21.

Citigroup Inc. increased its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 153.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 620,043 shares of the company's stock after acquiring an additional 375,353 shares during the quarter. Citigroup Inc.'s holdings in Blue Owl Capital were worth $12,426,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its stake in Blue Owl Capital by 380.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock worth $27,000 after acquiring an additional 1,050 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in Blue Owl Capital by 39.1% in the first quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock valued at $42,000 after buying an additional 583 shares in the last quarter. State of Wyoming lifted its stake in Blue Owl Capital by 27.1% in the fourth quarter. State of Wyoming now owns 2,359 shares of the company's stock valued at $55,000 after buying an additional 503 shares in the last quarter. Allworth Financial LP lifted its stake in Blue Owl Capital by 70.5% in the first quarter. Allworth Financial LP now owns 2,414 shares of the company's stock valued at $45,000 after buying an additional 998 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in Blue Owl Capital by 205.6% in the first quarter. Larson Financial Group LLC now owns 3,022 shares of the company's stock valued at $61,000 after buying an additional 2,033 shares in the last quarter. Institutional investors own 35.85% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on OWL. Wells Fargo & Company lifted their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Cowen reaffirmed a "buy" rating on shares of Blue Owl Capital in a research note on Monday, August 4th. UBS Group cut their price target on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Barclays lifted their price target on shares of Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, Oppenheimer lifted their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.02.

Blue Owl Capital Stock Performance

OWL traded up $0.0350 during trading on Tuesday, reaching $19.2050. 848,577 shares of the stock were exchanged, compared to its average volume of 7,784,421. The stock has a market cap of $29.76 billion, a P/E ratio of 213.30, a price-to-earnings-growth ratio of 1.25 and a beta of 1.16. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The stock's 50 day moving average price is $19.43 and its two-hundred day moving average price is $19.65.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, hitting analysts' consensus estimates of $0.21. The business had revenue of $703.11 million for the quarter, compared to the consensus estimate of $642.13 million. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. Equities research analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Thursday, August 14th. Blue Owl Capital's payout ratio is presently 1,000.00%.

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.