IFC Advisors LLC Boosts Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

IFC Advisors LLC boosted its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 9.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 242,074 shares of the company's stock after acquiring an additional 20,841 shares during the quarter. Blue Owl Capital accounts for about 1.0% of IFC Advisors LLC's portfolio, making the stock its 18th biggest holding. IFC Advisors LLC's holdings in Blue Owl Capital were worth $4,851,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in OWL. FMR LLC grew its stake in Blue Owl Capital by 28.1% in the 4th quarter. FMR LLC now owns 45,241,160 shares of the company's stock valued at $1,052,309,000 after acquiring an additional 9,917,071 shares during the period. Capital World Investors boosted its stake in Blue Owl Capital by 14.5% during the 4th quarter. Capital World Investors now owns 77,168,640 shares of the company's stock worth $1,794,943,000 after purchasing an additional 9,794,102 shares during the last quarter. Cresset Asset Management LLC boosted its stake in 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 worth $140,794,000 after purchasing an additional 5,914,804 shares during the last quarter. Norges Bank acquired a new stake in Blue Owl Capital during the 4th quarter worth $137,118,000. Finally, Vanguard Group Inc. boosted its stake in Blue Owl Capital by 11.7% during the 4th quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock worth $1,237,581,000 after purchasing an additional 5,558,868 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on OWL. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $20.00 to $23.00 in a research note on Tuesday, May 20th. Barclays boosted their price target on shares of Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a research report on Thursday. Oppenheimer set a $24.00 price target on shares of Blue Owl Capital and gave the company an "outperform" rating in a research report on Wednesday, April 16th. JMP Securities lowered their price target on shares of 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. Finally, Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. Two 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, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.85.

Blue Owl Capital Stock Down 3.4%

Shares of OWL opened at $18.94 on Friday. The stock has a 50 day moving average price of $18.96 and a 200 day moving average price of $20.50. The company has a market capitalization of $29.13 billion, a price-to-earnings ratio of 145.70, a price-to-earnings-growth ratio of 1.34 and a beta of 1.17. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The business had revenue of $620.19 million during the quarter, compared to analyst estimates of $636.44 million. Blue Owl Capital had a net margin of 3.73% and a return on equity of 19.74%. On average, equities analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.75%. This is an increase 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 dividend payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.