Blue Owl Capital Inc. (NYSE:OWL) Stock Holdings Decreased by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC reduced its stake in Blue Owl Capital Inc. by 15.9%, selling 575,554 shares and holding a total of 3,048,760 shares valued at approximately $61.1 million.
• Blue Owl Capital recently announced a quarterly dividend of $0.225 per share, resulting in an annualized dividend of $0.90 with a yield of 4.5%.
• The stock's consensus rating is a "Moderate Buy" from analysts, with a target price of $24.02.

HighTower Advisors LLC reduced its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 15.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,048,760 shares of the company's stock after selling 575,554 shares during the quarter. HighTower Advisors LLC owned approximately 0.20% of Blue Owl Capital worth $61,097,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in OWL. Capital World Investors lifted its position in shares of Blue Owl Capital by 14.5% during the 4th quarter. Capital World Investors now owns 77,168,640 shares of the company's stock valued at $1,794,943,000 after acquiring an additional 9,794,102 shares during the period. Vanguard Group Inc. lifted its position in shares of Blue Owl Capital by 13.5% during the 1st quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company's stock valued at $1,210,674,000 after acquiring an additional 7,206,495 shares during the period. Cresset Asset Management LLC lifted its position in shares of Blue Owl Capital by 4,278.0% during the 4th quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company's stock valued at $140,794,000 after acquiring an additional 5,914,804 shares during the period. Voya Investment Management LLC lifted its position in shares of Blue Owl Capital by 163.2% during the 4th quarter. Voya Investment Management LLC now owns 5,177,288 shares of the company's stock valued at $120,424,000 after acquiring an additional 3,209,934 shares during the period. Finally, Squarepoint Ops LLC lifted its position in shares of Blue Owl Capital by 637.7% during the 4th quarter. Squarepoint Ops LLC now owns 2,046,747 shares of the company's stock valued at $47,607,000 after acquiring an additional 1,769,302 shares during the period. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Performance

Shares of NYSE:OWL traded down $0.60 during trading on Friday, hitting $19.06. The company's stock had a trading volume of 7,428,302 shares, compared to its average volume of 7,434,299. The business has a 50 day moving average price of $19.43 and a two-hundred day moving average price of $19.78. The company has a market capitalization of $29.53 billion, a PE ratio of 211.80, a P/E/G ratio of 1.29 and a beta of 1.16. Blue Owl Capital Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, meeting analysts' consensus estimates of $0.21. The firm had revenue of $703.11 million during the quarter, compared to analysts' expectations of $642.13 million. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. As a group, equities analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be given a $0.225 dividend. The ex-dividend date is Thursday, August 14th. This represents a $0.90 annualized dividend and a dividend yield of 4.7%. Blue Owl Capital's dividend payout ratio is currently 1,000.00%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on OWL shares. Oppenheimer upped their target price on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. 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 price target on 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. Piper Sandler raised their target price on Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a research note on Wednesday, July 2nd. Finally, Evercore ISI raised their target price on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $24.02.

About Blue Owl Capital

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.