Blue Owl Capital Inc. (NYSE:OWL) Stake Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 17.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 641,220 shares of the company's stock after selling 138,420 shares during the quarter. Victory Capital Management Inc.'s holdings in Blue Owl Capital were worth $12,850,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in OWL. Bank of New York Mellon Corp increased its position in shares of Blue Owl Capital by 9.5% during the 1st quarter. Bank of New York Mellon Corp now owns 2,655,834 shares of the company's stock valued at $53,223,000 after purchasing an additional 229,745 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Blue Owl Capital by 13.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,471 shares of the company's stock worth $230,000 after acquiring an additional 1,357 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Blue Owl Capital by 16.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,400 shares of the company's stock worth $1,358,000 after acquiring an additional 9,522 shares during the period. Townsend Asset Management Corp NC ADV increased its position in Blue Owl Capital by 8.6% during the first quarter. Townsend Asset Management Corp NC ADV now owns 287,731 shares of the company's stock valued at $5,766,000 after acquiring an additional 22,778 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in shares of Blue Owl Capital in the first quarter valued at about $1,581,000. Institutional investors and hedge funds own 35.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OWL. Piper Sandler raised their target price on shares of Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a report on Thursday, March 27th. Citigroup cut their price objective on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. JMP Securities reduced their target price on shares of 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. Finally, Evercore ISI upped their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and an average price target of $24.02.

Blue Owl Capital Price Performance

NYSE:OWL traded down $0.34 during trading hours on Friday, hitting $19.98. 8,932,042 shares of the company were exchanged, compared to its average volume of 7,862,025. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The company's 50 day moving average price is $19.17 and its 200-day moving average price is $20.28. The stock has a market capitalization of $30.72 billion, a price-to-earnings ratio of 153.67, a PEG ratio of 1.40 and a beta of 1.17.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. The company had revenue of $620.19 million for the quarter, compared to analyst estimates of $636.44 million. On average, equities analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently declared 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 is an increase from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.51%. Blue Owl Capital's payout ratio is 692.31%.

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.