UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 518,075 Shares of Blue Owl Capital Inc. (NYSE:OWL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 49.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,573,350 shares of the company's stock after buying an additional 518,075 shares during the quarter. 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 Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in OWL. FMR LLC lifted its position in shares of Blue Owl Capital by 28.1% during the 4th quarter. FMR LLC now owns 45,241,160 shares of the company's stock valued at $1,052,309,000 after buying an additional 9,917,071 shares in the last quarter. Capital World Investors increased its position in shares of Blue Owl Capital by 14.5% during the 4th quarter. Capital World Investors now owns 77,168,640 shares of the company's stock valued at $1,794,943,000 after purchasing an additional 9,794,102 shares during the last quarter. Cresset Asset Management LLC boosted its holdings in Blue Owl Capital by 4,278.0% during the 4th quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company's stock valued at $140,794,000 after acquiring an additional 5,914,804 shares during the period. Norges Bank purchased a new position in Blue Owl Capital during the 4th quarter valued at $137,118,000. Finally, Vanguard Group Inc. grew its position in shares of Blue Owl Capital by 11.7% during the 4th quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock worth $1,237,581,000 after buying an additional 5,558,868 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Blue Owl Capital Stock Performance

NYSE:OWL traded down $0.31 during mid-day trading on Friday, hitting $18.45. The stock had a trading volume of 1,474,296 shares, compared to its average volume of 6,841,476. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The stock has a market cap of $28.37 billion, a price-to-earnings ratio of 108.62, a PEG ratio of 1.23 and a beta of 1.21. The company's 50 day simple moving average is $18.43 and its 200 day simple moving average is $21.48.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $620.19 million for the quarter, compared to analyst estimates of $636.44 million. As a group, equities analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued a dividend of $0.225 per share. The ex-dividend date was Wednesday, May 14th. This represents a $0.90 annualized dividend and a dividend yield of 4.88%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio is currently 692.31%.

Analysts Set New Price Targets

Several equities analysts have issued reports on OWL shares. Wells Fargo & Company lifted their target price on 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. Barclays decreased their target price on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, April 7th. JMP Securities decreased their price target on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Citigroup decreased their price target on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Oppenheimer set a $24.00 target price on Blue Owl Capital and gave the stock an "outperform" rating in a research note on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Blue Owl Capital has a consensus rating of "Moderate Buy" and an average price target of $23.40.

Blue Owl Capital Company 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.