Massachusetts Financial Services Co. MA Decreases Stake in Blue Owl Capital Inc. (NYSE:OWL)

Massachusetts Financial Services Co. MA trimmed its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 508,038 shares of the company's stock after selling 24,667 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in Blue Owl Capital were worth $10,181,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in shares of Blue Owl Capital by 9.5% during the first quarter. Bank of New York Mellon Corp now owns 2,655,834 shares of the company's stock valued at $53,223,000 after acquiring an additional 229,745 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Blue Owl Capital by 13.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,471 shares of the company's stock valued at $230,000 after acquiring an additional 1,357 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings 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 valued at $1,358,000 after acquiring an additional 9,522 shares in the last quarter. Townsend Asset Management Corp NC ADV increased its holdings in shares of Blue Owl Capital by 8.6% during the first quarter. Townsend Asset Management Corp NC ADV now owns 287,731 shares of the company's stock valued at $5,766,000 after acquiring an additional 22,778 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of Blue Owl Capital during the first quarter valued at about $1,581,000. Institutional investors and hedge funds own 35.85% of the company's stock.

Blue Owl Capital Stock Up 2.4%

Shares of NYSE OWL traded up $0.49 during midday trading on Wednesday, reaching $20.44. 8,360,607 shares of the stock were exchanged, compared to its average volume of 7,012,529. The firm has a market cap of $31.43 billion, a price-to-earnings ratio of 157.20, a PEG ratio of 1.37 and a beta of 1.17. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The firm has a 50-day simple moving average of $19.15 and a two-hundred day simple moving average of $20.30.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its 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). Blue Owl Capital had a net margin of 3.73% and a return on equity of 19.74%. The business had revenue of $620.19 million for the quarter, compared to analysts' expectations of $636.44 million. Research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal 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. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.40%. Blue Owl Capital's dividend payout ratio (DPR) is 692.31%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on OWL shares. Wells Fargo & Company upped their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Oppenheimer increased their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Barclays increased their price target on shares of Blue Owl Capital from $21.00 to $23.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Evercore ISI increased their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Finally, Piper Sandler increased their price target on shares of Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $24.02.

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.