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

Man Group plc increased its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 354.4% in the 4th quarter, according to its most recent 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 quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC lifted its holdings in shares of Blue Owl Capital by 1.6% in the 4th quarter. Global Retirement Partners LLC now owns 25,499 shares of the company's stock valued at $593,000 after purchasing an additional 413 shares during the last quarter. Dynasty Wealth Management LLC lifted its holdings in shares of Blue Owl Capital by 0.5% in the 4th quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company's stock valued at $1,828,000 after purchasing an additional 417 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Blue Owl Capital by 43.3% in the 4th 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 last quarter. Principal Securities Inc. lifted its holdings 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 valued at $45,000 after purchasing an additional 450 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Blue Owl Capital by 0.7% in the 4th quarter. IFP Advisors Inc now owns 88,142 shares of the company's stock valued at $2,055,000 after purchasing an additional 632 shares during the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OWL has been the subject of several research reports. Barclays reduced their target price on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Oppenheimer set a $24.00 price objective on Blue Owl Capital and gave the company an "outperform" rating in a research note on Wednesday, April 16th. Citigroup reduced their price objective on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. JMP Securities reduced their price objective on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Finally, Cfra Research raised Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $23.56.

Blue Owl Capital Trading Down 0.5%

NYSE OWL opened at $19.39 on Tuesday. The business's 50 day moving average is $18.70 and its two-hundred day moving average is $21.68. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73. The stock has a market capitalization of $29.82 billion, a price-to-earnings ratio of 114.07, a PEG ratio of 1.23 and a beta of 1.21.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $620.19 million for the quarter, compared to analyst estimates of $636.44 million. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. 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 declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a $0.225 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.64%. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio is currently 692.31%.

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.

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