KBC Group NV Sells 136,011 Shares of Blue Owl Capital Inc. (NYSE:OWL)

KBC Group NV lowered its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 85.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,971 shares of the company's stock after selling 136,011 shares during the period. KBC Group NV's holdings in Blue Owl Capital were worth $480,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in shares of Blue Owl Capital during the 4th quarter valued at $487,000. Jones Financial Companies Lllp lifted its position in shares of Blue Owl Capital by 232.7% in the 4th 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 during the period. Charles Schwab Investment Management Inc. lifted its position in Blue Owl Capital by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company's stock valued at $80,179,000 after acquiring an additional 106,485 shares during the period. Victory Capital Management Inc. lifted its position in Blue Owl Capital by 20.0% during the 4th quarter. Victory Capital Management Inc. now owns 779,640 shares of the company's stock valued at $18,134,000 after acquiring an additional 130,177 shares during the period. Finally, Arizona State Retirement System increased its stake in Blue Owl Capital by 14.7% during the 4th quarter. Arizona State Retirement System now owns 154,708 shares of the company's stock valued at $3,599,000 after purchasing an additional 19,810 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Blue Owl Capital Stock Up 0.9%

NYSE:OWL traded up $0.17 during trading hours on Friday, hitting $19.57. 3,902,175 shares of the stock traded hands, compared to its average volume of 6,903,398. Blue Owl Capital Inc. has a 1 year low of $14.55 and a 1 year high of $26.73. The stock has a 50 day moving average price of $18.88 and a 200 day moving average price of $20.64. The company has a market cap of $30.10 billion, a price-to-earnings ratio of 150.55, a price-to-earnings-growth ratio of 1.32 and a beta of 1.17.

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 for the quarter, missing the consensus estimate 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 business had revenue of $620.19 million during the quarter, compared to the consensus estimate of $636.44 million. Equities analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal 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 given a dividend of $0.225 per share. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a yield of 4.60%. Blue Owl Capital's payout ratio is 692.31%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $20.00 to $23.00 in a research note on Tuesday, May 20th. Oppenheimer set a $24.00 target price on shares of Blue Owl Capital and gave the company an "outperform" rating in a research report on Wednesday, April 16th. Citigroup cut their target price on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. 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 report on Monday, April 7th. Finally, UBS Group cut their target price 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 equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and an average price target 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.