Federated Hermes Inc. Buys 24,800 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Key Points

• Federated Hermes Inc. raised its holdings in Blue Owl Capital Inc. by 0.4%, now owning 6,901,500 shares valued at $138.31 million.
• Blue Owl Capital's recent earnings report showed $0.17 EPS, missing estimates, and a revenue of $620.19 million, below the consensus forecast.
• The company increased its quarterly dividend to $0.225 per share, representing a yield of 4.54% despite a high dividend payout ratio of 692.31%.

Federated Hermes Inc. boosted its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 0.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,901,500 shares of the company's stock after buying an additional 24,800 shares during the period. Federated Hermes Inc. owned approximately 0.45% of Blue Owl Capital worth $138,306,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Blue Owl Capital by 380.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock worth $27,000 after purchasing an additional 1,050 shares in the last quarter. Cullen Frost Bankers Inc. grew 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 worth $42,000 after acquiring an additional 583 shares during the last quarter. State of Wyoming grew its position in shares of Blue Owl Capital by 27.1% in the 4th quarter. State of Wyoming now owns 2,359 shares of the company's stock worth $55,000 after buying an additional 503 shares during the last quarter. Allworth Financial LP boosted its position in shares of Blue Owl Capital by 70.5% during the first quarter. Allworth Financial LP now owns 2,414 shares of the company's stock valued at $45,000 after purchasing an additional 998 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Blue Owl Capital by 205.6% during the first 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 in the last quarter. Institutional investors own 35.85% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OWL. UBS Group lowered their price objective on 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. Raymond James Financial initiated coverage on Blue Owl Capital in a research report on Monday. They set a "market perform" rating for the company. JMP Securities reduced their price target on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Citigroup cut their target price 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. Finally, Oppenheimer increased their target price on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Three equities 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 stock presently has an average rating of "Moderate Buy" and a consensus price target of $24.02.

Blue Owl Capital Price Performance

Shares of NYSE:OWL traded down $0.53 during trading on Friday, hitting $18.82. The company had a trading volume of 9,459,505 shares, compared to its average volume of 7,860,409. The company has a fifty day simple moving average of $19.26 and a two-hundred day simple moving average of $20.17. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73. The stock has a market cap of $28.94 billion, a price-to-earnings ratio of 144.69, a price-to-earnings-growth ratio of 1.34 and a beta of 1.17.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The firm had revenue of $703.11 million for the quarter, compared to the consensus estimate of $642.13 million. Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. On average, equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.8%. Blue Owl Capital's dividend payout ratio (DPR) is presently 1,000.00%.

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.