Deutsche Bank AG Decreases Stake in Blue Owl Capital Inc. (NYSE:OWL)

Deutsche Bank AG decreased its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 81.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 31,868 shares of the company's stock after selling 143,941 shares during the quarter. Deutsche Bank AG's holdings in Blue Owl Capital were worth $741,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in OWL. Global Retirement Partners LLC boosted its stake in Blue Owl Capital by 1.6% in the 4th quarter. Global Retirement Partners LLC now owns 25,499 shares of the company's stock worth $593,000 after purchasing an additional 413 shares during the period. Dynasty Wealth Management LLC boosted its stake in Blue Owl Capital by 0.5% in the 4th quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company's stock worth $1,828,000 after purchasing an additional 417 shares during the period. Allworth Financial LP boosted its stake in Blue Owl Capital by 43.3% in the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company's stock worth $36,000 after purchasing an additional 428 shares during the period. Principal Securities Inc. boosted its stake in Blue Owl Capital by 30.6% in the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after purchasing an additional 450 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of Blue Owl Capital by 0.7% during the 4th quarter. IFP Advisors Inc now owns 88,142 shares of the company's stock valued at $2,055,000 after acquiring an additional 632 shares during the last quarter. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Stock Down 0.3%

Shares of NYSE OWL traded down $0.06 during trading hours on Friday, reaching $18.69. 8,396,086 shares of the stock traded hands, compared to its average volume of 6,843,772. The company has a market capitalization of $28.74 billion, a P/E ratio of 109.95, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The company's 50-day simple moving average is $18.37 and its two-hundred day simple moving average is $21.43.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The firm had revenue of $620.19 million for the quarter, compared to analysts' expectations of $636.44 million. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. As a group, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a $0.225 dividend. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend was Wednesday, May 14th. Blue Owl Capital's payout ratio is 692.31%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. UBS Group dropped their price target on 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. Oppenheimer set a $24.00 price target on Blue Owl Capital and gave the company an "outperform" rating in a research report on Wednesday, April 16th. Citigroup dropped their price target on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. Finally, Barclays dropped their price target on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.40.

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.