Blue Owl Capital Inc. (NYSE:OWL) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 49.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,573,350 shares of the company's stock after purchasing an additional 518,075 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.11% of Blue Owl Capital worth $36,596,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Rakuten Securities Inc. acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth about $27,000. Allworth Financial LP increased its position in Blue Owl Capital by 43.3% in the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after acquiring an additional 428 shares during the period. Jones Financial Companies Lllp raised its stake in Blue Owl Capital by 232.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock valued at $44,000 after acquiring an additional 1,315 shares during the last quarter. Principal Securities Inc. lifted its position in Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after acquiring an additional 450 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Blue Owl Capital by 182.2% in the 4th quarter. Blue Trust Inc. now owns 2,029 shares of the company's stock valued at $47,000 after purchasing an additional 1,310 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on OWL. UBS Group dropped their target price on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Citigroup cut their price objective 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. Oppenheimer set a $24.00 target price on shares of Blue Owl Capital and gave the stock an "outperform" rating in a research note on Wednesday, April 16th. JMP Securities dropped their price target on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company raised their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.40.

Blue Owl Capital Price Performance

Blue Owl Capital stock traded down $0.02 during mid-day trading on Thursday, reaching $18.76. The company had a trading volume of 3,752,866 shares, compared to its average volume of 6,852,831. The company has a market capitalization of $28.85 billion, a P/E ratio of 110.33, a P/E/G ratio of 1.23 and a beta of 1.21. The stock's 50-day simple moving average is $18.49 and its 200-day simple moving average is $21.51. Blue Owl Capital Inc. has a 1 year low of $14.55 and a 1 year high of $26.73.

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

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 annualized dividend and a dividend yield of 4.80%. Blue Owl Capital's payout ratio is currently 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.