Blue Owl Capital Inc. $OWL Shares Acquired by Credit Agricole S A

Key Points

• Credit Agricole S A increased its stake in Blue Owl Capital Inc. by 104.0%, owning 133,739 shares valued at approximately $2.68 million after acquiring an additional 68,168 shares in the first quarter.
• Blue Owl Capital recently reported $0.21 EPS for the quarter, meeting consensus estimates, with revenues of $703.11 million which exceeded analyst expectations of $642.13 million.
• The company declared a quarterly dividend of $0.225 per share to be paid to stockholders on August 28th, resulting in an annualized dividend yield of 4.8%.

Credit Agricole S A increased its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 104.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 133,739 shares of the company's stock after buying an additional 68,168 shares during the quarter. Credit Agricole S A's holdings in Blue Owl Capital were worth $2,680,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its position in Blue Owl Capital by 380.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock worth $27,000 after buying an additional 1,050 shares during the period. Cullen Frost Bankers Inc. raised its holdings in shares of Blue Owl Capital by 39.1% in the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock worth $42,000 after purchasing an additional 583 shares during the period. Allworth Financial LP raised its holdings in shares of Blue Owl Capital by 70.5% in the 1st quarter. Allworth Financial LP now owns 2,414 shares of the company's stock worth $45,000 after purchasing an additional 998 shares during the period. State of Wyoming raised its holdings in shares of Blue Owl Capital by 27.1% in the 4th quarter. State of Wyoming now owns 2,359 shares of the company's stock worth $55,000 after purchasing an additional 503 shares during the period. Finally, Larson Financial Group LLC raised its holdings in shares of Blue Owl Capital by 205.6% in the 1st quarter. Larson Financial Group LLC now owns 3,022 shares of the company's stock worth $61,000 after purchasing an additional 2,033 shares during the period. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

OWL traded up $0.13 during trading hours on Thursday, hitting $18.72. 2,258,987 shares of the stock were exchanged, compared to its average volume of 7,646,512. The stock has a market cap of $29.00 billion, a price-to-earnings ratio of 207.99, a price-to-earnings-growth ratio of 1.22 and a beta of 1.16. The stock has a 50-day simple moving average of $19.40 and a 200-day simple moving average of $19.43. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73.

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. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. The company had revenue of $703.11 million for the quarter, compared to analysts' expectations of $642.13 million. Sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Thursday, August 14th. Blue Owl Capital's dividend payout ratio (DPR) is presently 1,000.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on OWL shares. UBS Group cut their price objective 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. Piper Sandler raised their target price on Blue Owl Capital from $22.50 to $23.50 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Oppenheimer raised their target price on Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Wells Fargo & Company raised their target price on Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Finally, Cowen reiterated a "buy" rating on shares of Blue Owl Capital in a report on Monday, August 4th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.02.

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.