Janus Henderson Group PLC Grows Position in Blue Owl Capital Inc. (NYSE:OWL)

Janus Henderson Group PLC lifted its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 390,592 shares of the company's stock after purchasing an additional 32,700 shares during the period. Janus Henderson Group PLC's holdings in Blue Owl Capital were worth $9,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rakuten Securities Inc. purchased a new stake in shares of Blue Owl Capital in the fourth quarter worth $27,000. Allworth Financial LP increased its stake in shares of Blue Owl Capital by 43.3% in the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock worth $36,000 after purchasing an additional 428 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Blue Owl Capital by 232.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock worth $44,000 after purchasing an additional 1,315 shares in the last quarter. Principal Securities Inc. increased its stake in shares of Blue Owl Capital by 30.6% in the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after purchasing an additional 450 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Blue Owl Capital by 182.2% in the fourth quarter. Blue Trust Inc. now owns 2,029 shares of the company's stock worth $47,000 after purchasing an additional 1,310 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

Shares of NYSE:OWL traded down $0.93 on Wednesday, reaching $18.12. The company's stock had a trading volume of 9,356,376 shares, compared to its average volume of 6,831,369. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The company has a market cap of $27.87 billion, a P/E ratio of 106.62, a PEG ratio of 1.23 and a beta of 1.21. The company has a 50-day simple moving average of $18.71 and a 200 day simple moving average of $21.66.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. The business had revenue of $620.19 million during the quarter, compared to analysts' expectations of $636.44 million. On average, equities research analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be 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 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend is Wednesday, May 14th. Blue Owl Capital's dividend payout ratio (DPR) is presently 692.31%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OWL. UBS Group reduced 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 note on Thursday, May 1st. Barclays cut their target price on shares of Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and raised their target price for the company from $20.00 to $23.00 in a research note on Tuesday. Wells Fargo & Company raised their target price on shares of Blue Owl Capital from $19.00 to $20.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Finally, Piper Sandler cut their target price on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $23.33.

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.