Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Boston Partners

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 lessened its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 17.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on OWL. UBS Group cut their target price on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock 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 raised their target price for the company from $20.00 to $23.00 in a research report on Tuesday, May 20th. Barclays raised their target price on shares of Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Wells Fargo & Company raised their price target on shares of 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 restated a "buy" rating on shares of Blue Owl Capital in a report on Monday, August 4th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $24.02.

Blue Owl Capital Stock Performance

OWL stock traded down $0.34 during trading on Thursday, reaching $19.70. The company had a trading volume of 8,633,119 shares, compared to its average volume of 7,611,763. The firm has a 50-day simple moving average of $19.43 and a 200-day simple moving average of $19.82. The company has a market cap of $30.52 billion, a price-to-earnings ratio of 218.87, a price-to-earnings-growth ratio of 1.31 and a beta of 1.16. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, hitting analysts' consensus estimates of $0.21. The company had revenue of $703.11 million during the quarter, compared to analysts' expectations of $642.13 million. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. Sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced 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 is Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a yield of 4.6%. Blue Owl Capital's dividend payout ratio (DPR) is 1,000.00%.

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.