Man Group plc Boosts Position in Blue Owl Capital Inc. (NYSE:OWL)

Man Group plc raised its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 354.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 289,271 shares of the company's stock after purchasing an additional 225,613 shares during the period. Man Group plc's holdings in Blue Owl Capital were worth $6,728,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in Blue Owl Capital in the 4th quarter worth $27,000. Allworth Financial LP increased its holdings in shares of Blue Owl Capital by 43.3% during the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after purchasing an additional 428 shares during the period. Jones Financial Companies Lllp boosted its holdings 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 valued at $44,000 after acquiring an additional 1,315 shares in the last quarter. Principal Securities Inc. raised its stake in shares of Blue Owl Capital by 30.6% in the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after buying an additional 450 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Blue Owl Capital by 182.2% during the fourth quarter. Blue Trust Inc. now owns 2,029 shares of the company's stock worth $47,000 after acquiring an additional 1,310 shares during the period. Hedge funds and other institutional investors own 35.85% of the company's stock.

Blue Owl Capital Trading Up 0.1%

Shares of NYSE:OWL traded up $0.02 during trading on Friday, reaching $18.25. The company had a trading volume of 4,343,099 shares, compared to its average volume of 6,865,061. The stock has a market capitalization of $28.06 billion, a P/E ratio of 107.33, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21. The company has a fifty day moving average of $18.63 and a two-hundred day moving average of $21.58. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73.

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 the consensus estimate of $0.20 by ($0.03). The company had revenue of $620.19 million during the quarter, compared to the consensus estimate of $636.44 million. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, equities research analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a dividend of $0.225 per share. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.93%. Blue Owl Capital's dividend payout ratio is currently 692.31%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in 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 report on Tuesday, May 20th. Oppenheimer set a $24.00 price target on shares of Blue Owl Capital and gave the company an "outperform" rating in a report on Wednesday, April 16th. UBS Group cut their price target on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Wells Fargo & Company increased their price target on Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a report on Friday. Finally, 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. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $23.40.

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.