Voya Investment Management LLC Has $96.57 Million Position in Blue Owl Capital Inc. $OWL

Key Points

• Voya Investment Management LLC has reduced its stake in Blue Owl Capital by 6.9% in the first quarter, now holding approximately 4.8 million shares valued at $96.57 million.
• Several other institutional investors have also increased their positions in Blue Owl Capital, with one firm, MassMutual Private Wealth & Trust FSB, growing its holdings by a staggering 380.4%.
• Blue Owl Capital's recent quarterly earnings matched expectations at $0.21 EPS, with revenues significantly exceeding forecasts at $703.11 million.

Voya Investment Management LLC lowered its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 6.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,818,836 shares of the company's stock after selling 358,452 shares during the quarter. Voya Investment Management LLC owned approximately 0.31% of Blue Owl Capital worth $96,569,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its position in shares of 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 in the last quarter. Banque Transatlantique SA acquired a new position in Blue Owl Capital in the first quarter worth $31,000. SVB Wealth LLC acquired a new position in Blue Owl Capital in the first quarter worth $38,000. Cullen Frost Bankers Inc. boosted its holdings 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 worth $42,000 after purchasing an additional 583 shares during the period. Finally, State of Wyoming boosted its holdings in Blue Owl Capital by 27.1% in the fourth 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. Institutional investors and hedge funds own 35.85% of the company's stock.

Wall Street Analysts Forecast Growth

OWL has been the subject of a number of research reports. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $20.00 to $23.00 in a report on Tuesday, May 20th. Wells Fargo & Company lifted their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Barclays boosted their price target on shares of Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Evercore ISI boosted their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Finally, Piper Sandler boosted their price target on shares of Blue Owl Capital from $22.50 to $23.50 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.02.

Blue Owl Capital Stock Down 0.9%

Blue Owl Capital stock traded down $0.17 during midday trading on Monday, hitting $18.58. The company's stock had a trading volume of 5,938,319 shares, compared to its average volume of 7,049,543. The stock's 50-day moving average price is $19.18 and its 200-day moving average price is $18.97. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73. The company has a market capitalization of $28.80 billion, a PE ratio of 206.51, a price-to-earnings-growth ratio of 1.23 and a beta of 1.16.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly 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 firm had revenue of $703.11 million for the quarter, compared to analysts' expectations of $642.13 million. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%. As a group, equities analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Thursday, August 14th. Blue Owl Capital's payout ratio is 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.