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

KBC Group NV cut its holdings in 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 & 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 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Copeland Capital Management LLC lifted its position in shares of Blue Owl Capital by 100.6% during the first quarter. Copeland Capital Management LLC now owns 8,853 shares of the company's stock worth $177,000 after acquiring an additional 4,439 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Blue Owl Capital by 16.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,400 shares of the company's stock worth $1,358,000 after acquiring an additional 9,522 shares in the last quarter. Border to Coast Pensions Partnership Ltd lifted its position in shares of Blue Owl Capital by 47.4% during the first quarter. Border to Coast Pensions Partnership Ltd now owns 700,000 shares of the company's stock worth $14,028,000 after acquiring an additional 225,000 shares in the last quarter. Tranquility Partners LLC lifted its position in shares of Blue Owl Capital by 4.4% during the first quarter. Tranquility Partners LLC now owns 256,375 shares of the company's stock worth $5,138,000 after acquiring an additional 10,904 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Blue Owl Capital by 90.1% during the first quarter. Oppenheimer & Co. Inc. now owns 75,367 shares of the company's stock worth $1,510,000 after acquiring an additional 35,718 shares in the last quarter. 35.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

OWL has been the topic of a number of recent analyst reports. Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. JMP Securities lowered their price objective on 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. Wells Fargo & Company increased their price objective 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. Barclays lowered their price objective on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Finally, Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $20.00 to $23.00 in a research report on Tuesday, May 20th. Two research 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 stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.02.

Blue Owl Capital Stock Performance

OWL traded up $0.07 during trading on Tuesday, reaching $19.38. The stock had a trading volume of 4,719,327 shares, compared to its average volume of 6,903,879. The stock has a market cap of $29.80 billion, a PE ratio of 149.09, a PEG ratio of 1.30 and a beta of 1.17. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73. The business has a 50-day moving average of $18.90 and a 200-day moving average of $20.57.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The firm had revenue of $620.19 million during the quarter, compared to the consensus estimate of $636.44 million. Blue Owl Capital had a net margin of 3.73% and a return on equity of 19.74%. 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.225 per share. 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 4.64%. The ex-dividend date was Wednesday, May 14th. Blue Owl Capital's dividend payout ratio (DPR) is 692.31%.

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.