Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Deutsche Bank AG

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

Other institutional investors also recently modified their holdings of the company. Rothschild Investment LLC boosted its position in shares of Blue Owl Capital by 316.1% in the 4th quarter. Rothschild Investment LLC now owns 33,955 shares of the company's stock worth $790,000 after purchasing an additional 25,795 shares in the last quarter. Arizona State Retirement System increased its holdings in Blue Owl Capital by 14.7% in the 4th quarter. Arizona State Retirement System now owns 154,708 shares of the company's stock worth $3,599,000 after acquiring an additional 19,810 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in Blue Owl Capital during the 4th quarter worth approximately $1,773,000. Charles Schwab Investment Management Inc. lifted its holdings in Blue Owl Capital by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company's stock valued at $80,179,000 after purchasing an additional 106,485 shares in the last quarter. Finally, Scholtz & Company LLC boosted its position in shares of Blue Owl Capital by 13.0% in the fourth quarter. Scholtz & Company LLC now owns 153,615 shares of the company's stock worth $3,573,000 after purchasing an additional 17,685 shares during the period. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OWL has been the subject of a number of research reports. Keefe, Bruyette & Woods raised Blue Owl Capital from a "market perform" rating to an "outperform" rating and increased their price target for the company from $20.00 to $23.00 in a research note on Tuesday, May 20th. Wells Fargo & Company increased their target price 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 decreased their price objective on shares of Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Citigroup cut their price objective on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, JMP Securities decreased their price objective on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $23.40.

Blue Owl Capital Price Performance

NYSE OWL traded down $0.06 during mid-day trading on Friday, hitting $18.69. The company's stock had a trading volume of 8,396,086 shares, compared to its average volume of 6,868,363. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The stock's fifty day simple moving average is $18.43 and its two-hundred day simple moving average is $21.48. The firm 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 (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The company had revenue of $620.19 million for the quarter, compared to analyst estimates of $636.44 million. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, equities 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.82%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, May 14th. Blue Owl Capital's payout ratio is presently 692.31%.

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.