Blue Owl Capital Inc. $OWL Shares Sold by Comerica Bank

Key Points

• Comerica Bank has decreased its stake in Blue Owl Capital by 1.8%, holding approximately $23.93 million worth of shares as of the end of the first quarter.
• Institutional investors own 35.85% of Blue Owl Capital's stock, with several firms significantly increasing their holdings during the first quarter, including a 380.4% increase by MassMutual Private Wealth & Trust FSB.
• Blue Owl Capital recently announced a quarterly dividend of $0.225 per share, which equates to a 4.8% dividend yield and will be paid on August 28th to stockholders of record on August 14th.

Comerica Bank cut its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 1.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,194,172 shares of the company's stock after selling 21,737 shares during the period. Comerica Bank owned 0.08% of Blue Owl Capital worth $23,931,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vise Technologies Inc. lifted its position in Blue Owl Capital by 4.6% during the fourth quarter. Vise Technologies Inc. now owns 10,947 shares of the company's stock valued at $255,000 after buying an additional 478 shares during the period. Teza Capital Management LLC raised its holdings in Blue Owl Capital by 1.7% in the fourth quarter. Teza Capital Management LLC now owns 28,929 shares of the company's stock worth $673,000 after buying an additional 485 shares during the last quarter. State of Wyoming lifted its position in Blue Owl Capital by 27.1% in the 4th quarter. State of Wyoming now owns 2,359 shares of the company's stock valued at $55,000 after acquiring an additional 503 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Blue Owl Capital by 39.1% during the first quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock valued at $42,000 after buying an additional 583 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its stake in shares of Blue Owl Capital by 3.0% in the fourth quarter. Benjamin Edwards Inc. now owns 22,888 shares of the company's stock worth $532,000 after acquiring an additional 658 shares during the period. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Trading Up 0.6%

Shares of OWL stock traded up $0.12 during mid-day trading on Thursday, reaching $18.71. The stock had a trading volume of 3,923,755 shares, compared to its average volume of 7,657,116. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The business's fifty day moving average is $19.40 and its 200-day moving average is $19.43. The firm has a market cap of $28.98 billion, a price-to-earnings ratio of 207.87, a PEG ratio of 1.22 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 for the quarter, hitting analysts' consensus estimates of $0.21. The firm had revenue of $703.11 million for the quarter, compared to analyst estimates of $642.13 million. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. On average, analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

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

Analyst Ratings Changes

OWL has been the topic of several research reports. Wells Fargo & Company raised their target price on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $20.00 to $23.00 in a report on Tuesday, May 20th. Cowen reaffirmed a "buy" rating on shares of Blue Owl Capital in a report on Monday, August 4th. UBS Group dropped their price objective on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Barclays boosted their target price on Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Blue Owl Capital 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.