Boston Partners Sells 2,938,484 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Key Points

• Boston Partners reduced its stake in Blue Owl Capital Inc. by 17.2%, owning 14,103,396 shares valued at approximately $280.37 million as of the latest SEC filing.
• Blue Owl Capital declared a quarterly dividend of $0.225 per share, which is expected to yield 4.4% on an annual basis.
• Analysts maintain a positive outlook for Blue Owl Capital, with an average price target of $24.02, reflecting a consensus rating of "Moderate Buy."

Boston Partners cut its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 17.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,103,396 shares of the company's stock after selling 2,938,484 shares during the period. Boston Partners owned 0.92% of Blue Owl Capital worth $280,365,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Capital World Investors lifted its position in Blue Owl Capital by 14.5% during the fourth quarter. Capital World Investors now owns 77,168,640 shares of the company's stock worth $1,794,943,000 after acquiring an additional 9,794,102 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Blue Owl Capital by 13.5% in the first quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company's stock valued at $1,210,674,000 after buying an additional 7,206,495 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Blue Owl Capital by 4.6% in the first quarter. JPMorgan Chase & Co. now owns 9,671,728 shares of the company's stock valued at $193,821,000 after buying an additional 422,745 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Blue Owl Capital by 0.4% in the first quarter. Federated Hermes Inc. now owns 6,901,500 shares of the company's stock valued at $138,306,000 after buying an additional 24,800 shares in the last quarter. Finally, Cresset Asset Management LLC raised its position in shares of Blue Owl Capital by 4,278.0% in the fourth quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company's stock valued at $140,794,000 after buying an additional 5,914,804 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock traded down $0.60 during trading on Friday, hitting $19.06. The company's stock had a trading volume of 7,428,302 shares, compared to its average volume of 7,434,299. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73. The stock has a market cap of $29.53 billion, a price-to-earnings ratio of 211.80, a price-to-earnings-growth ratio of 1.25 and a beta of 1.16. The stock has a 50-day moving average price of $19.43 and a two-hundred day moving average price of $19.74.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate 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. On average, equities analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.90 annualized dividend and a dividend yield of 4.7%. Blue Owl Capital's payout ratio is currently 1,000.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on OWL shares. UBS Group dropped their price target on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. 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 company from $20.00 to $23.00 in a research note 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 company an "equal weight" rating in a research note on Friday, May 23rd. Barclays lifted their price objective on shares of Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, Oppenheimer lifted their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and an average 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.