Manning & Napier Advisors LLC Boosts Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Manning & Napier Advisors LLC lifted its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 62.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 325,000 shares of the company's stock after acquiring an additional 125,000 shares during the quarter. Manning & Napier Advisors LLC's holdings in Blue Owl Capital were worth $6,513,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of OWL. Capital World Investors increased its holdings in Blue Owl Capital by 14.5% during the 4th quarter. Capital World Investors now owns 77,168,640 shares of the company's stock worth $1,794,943,000 after purchasing an additional 9,794,102 shares during the period. Vanguard Group Inc. increased its stake in shares of Blue Owl Capital by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock worth $1,237,581,000 after buying an additional 5,558,868 shares during the period. FMR LLC increased its stake in shares of Blue Owl Capital by 28.1% during the fourth quarter. FMR LLC now owns 45,241,160 shares of the company's stock worth $1,052,309,000 after buying an additional 9,917,071 shares during the period. JPMorgan Chase & Co. increased its position in shares of Blue Owl Capital by 2.4% in the 4th quarter. JPMorgan Chase & Co. now owns 9,248,983 shares of the company's stock valued at $215,131,000 after purchasing an additional 218,586 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Blue Owl Capital by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 8,426,251 shares of the company's stock valued at $196,060,000 after purchasing an additional 274,094 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $18.72 on Monday. The stock's 50-day moving average is $18.53 and its two-hundred day moving average is $20.93. The firm has a market cap of $28.78 billion, a price-to-earnings ratio of 143.97, a PEG ratio of 1.26 and a beta of 1.18. Blue Owl Capital Inc. has a 1 year low of $14.55 and a 1 year high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The firm had revenue of $620.19 million for the quarter, compared to analysts' expectations of $636.44 million. Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. As a group, research analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, May 14th. This is a positive change 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 4.81%. Blue Owl Capital's dividend payout ratio (DPR) is 692.31%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on OWL. Barclays dropped their price objective on shares of 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. Keefe, Bruyette & Woods raised Blue Owl Capital from a "market perform" rating to an "outperform" rating and increased their target price for the company from $20.00 to $23.00 in a report on Tuesday, May 20th. UBS Group dropped their price objective on 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 objective on Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Finally, Piper Sandler dropped their price objective on Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $23.81.

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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