Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 26.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,051 shares of the company's stock after selling 20,268 shares during the period. Janney Montgomery Scott LLC's holdings in Blue Owl Capital were worth $1,103,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC lifted its position in shares of 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 in the last quarter. Capital World Investors grew its position in Blue Owl Capital by 14.5% in the fourth quarter. Capital World Investors now owns 77,168,640 shares of the company's stock worth $1,794,943,000 after acquiring an additional 9,794,102 shares in the last quarter. Cresset Asset Management LLC boosted its stake 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 worth $140,794,000 after acquiring an additional 5,914,804 shares in the last quarter. Norges Bank acquired a new stake in shares of Blue Owl Capital in the fourth quarter worth $137,118,000. Finally, Vanguard Group Inc. grew its position in shares of Blue Owl Capital by 11.7% in the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock valued at $1,237,581,000 after purchasing an additional 5,558,868 shares during the last quarter. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Price Performance

NYSE:OWL traded up $0.22 during trading hours on Wednesday, hitting $19.44. 2,535,153 shares of the company were exchanged, compared to its average volume of 6,870,792. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The company's 50 day moving average price is $18.80 and its 200-day moving average price is $20.72. The stock has a market capitalization of $29.89 billion, a price-to-earnings ratio of 149.43, a PEG ratio of 1.29 and a beta of 1.17.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued 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). Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. The firm had revenue of $620.19 million during the quarter, compared to analyst estimates of $636.44 million. On average, equities analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a $0.225 dividend. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 annualized dividend and a yield of 4.63%. The ex-dividend date was Wednesday, May 14th. Blue Owl Capital's payout ratio is currently 692.31%.

Wall Street Analysts Forecast Growth

OWL has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $20.00 to $23.00 in a research report on Tuesday, May 20th. Wells Fargo & Company increased their price target on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a report on Thursday, March 27th. Citigroup cut their price target on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, UBS Group lowered their price objective on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.02.

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.