First National Trust Co Acquires 51,653 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Key Points

• First National Trust Co increased its stake in Blue Owl Capital Inc. by 33.0%, owning 208,283 shares valued at approximately $4.17 million as of the latest filing.
• Blue Owl Capital declared a quarterly dividend of $0.225, marking an increase from its previous dividend of $0.18, resulting in an annualized yield of 4.54%.
• The company's stock missed analysts' earnings estimates with an EPS of $0.17 and reported revenue of $620.19 million under expectations of $636.44 million in its most recent quarterly results.

First National Trust Co increased its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 33.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 208,283 shares of the company's stock after acquiring an additional 51,653 shares during the period. First National Trust Co's holdings in Blue Owl Capital were worth $4,174,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Capital World Investors grew its holdings in Blue Owl Capital by 14.5% during the fourth quarter. Capital World Investors now owns 77,168,640 shares of the company's stock valued at $1,794,943,000 after purchasing an additional 9,794,102 shares during the period. FMR LLC grew its holdings in Blue Owl Capital by 28.1% during the fourth quarter. FMR LLC now owns 45,241,160 shares of the company's stock valued at $1,052,309,000 after purchasing an additional 9,917,071 shares during the period. JPMorgan Chase & Co. grew its holdings in Blue Owl Capital by 2.4% during the fourth quarter. JPMorgan Chase & Co. now owns 9,248,983 shares of the company's stock valued at $215,131,000 after purchasing an additional 218,586 shares during the period. Geode Capital Management LLC lifted its position in shares of Blue Owl Capital by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 8,426,251 shares of the company's stock worth $196,060,000 after acquiring an additional 274,094 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Blue Owl Capital by 17.8% during the fourth quarter. Invesco Ltd. now owns 7,595,091 shares of the company's stock worth $176,662,000 after acquiring an additional 1,145,886 shares in the last quarter. 35.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on OWL shares. Evercore ISI increased their target price on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $20.00 to $23.00 in a research report on Tuesday, May 20th. Piper Sandler increased their target price on Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. Citigroup lowered 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 lowered their price objective on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.02.

Blue Owl Capital Stock Performance

OWL traded down $0.12 during trading on Thursday, reaching $19.39. The stock had a trading volume of 14,257,693 shares, compared to its average volume of 6,172,433. The stock has a market cap of $29.81 billion, a PE ratio of 149.14, a PEG ratio of 1.34 and a beta of 1.17. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73. The business has a 50-day moving average of $19.26 and a 200-day moving average of $20.17.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, meeting analysts' consensus estimates of $0.21. The business had revenue of $703.11 million for the quarter, compared to analysts' expectations of $642.13 million. Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. Equities research analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business 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. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.6%. Blue Owl Capital's dividend payout ratio (DPR) is currently 692.31%.

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.