Charles Schwab Investment Management Inc. Buys 177,095 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Charles Schwab Investment Management Inc. lifted its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,624,152 shares of the company's stock after buying an additional 177,095 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.24% of Blue Owl Capital worth $72,628,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in Blue Owl Capital by 9.5% during the first quarter. Bank of New York Mellon Corp now owns 2,655,834 shares of the company's stock worth $53,223,000 after purchasing an additional 229,745 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Blue Owl Capital by 13.4% during the 1st 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 holdings in Blue Owl Capital by 16.5% during the 1st 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 in the last quarter. Townsend Asset Management Corp NC ADV lifted its position in shares of Blue Owl Capital by 8.6% during the 1st quarter. Townsend Asset Management Corp NC ADV now owns 287,731 shares of the company's stock worth $5,766,000 after buying an additional 22,778 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in Blue Owl Capital in the 1st quarter valued at $1,581,000. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Down 3.1%

Blue Owl Capital stock traded down $0.60 during mid-day trading on Friday, hitting $19.06. 7,428,302 shares of the company were exchanged, compared to its average volume of 7,434,299. The business has a fifty day moving average of $19.43 and a 200 day moving average of $19.74. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The company has a market capitalization of $29.53 billion, a PE ratio of 211.80, a price-to-earnings-growth ratio of 1.25 and a beta of 1.16.

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

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.225 per share. The ex-dividend date is Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a yield of 4.7%. Blue Owl Capital's dividend payout ratio (DPR) is 1,000.00%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on OWL. Cowen reaffirmed a "buy" rating on shares of Blue Owl Capital in a research note on Monday, August 4th. 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 upped their price objective on shares of Blue Owl Capital from $21.00 to $23.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Piper Sandler boosted their price objective on Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Finally, Oppenheimer upped 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. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.