Northern Trust Corp Decreases Stake in Blue Owl Capital Inc. $OWL

Key Points

• Northern Trust Corp reduced its holdings in Blue Owl Capital Inc. by 6.0%, selling 173,319 shares and ending up with 2,699,114 shares worth $54.09 million.
• Blue Owl Capital's stock had a market cap of $28.94 billion and a PE ratio of 207.52, with shares recently trading around $18.68.
• The company announced a quarterly dividend of $0.225 per share, representing an annual yield of 4.8%, with a dividend payout ratio currently at 1,000.00%.

Northern Trust Corp reduced its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 6.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,699,114 shares of the company's stock after selling 173,319 shares during the quarter. Northern Trust Corp owned approximately 0.18% of Blue Owl Capital worth $54,090,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of OWL. Bank of New York Mellon Corp increased its position in shares of Blue Owl Capital by 9.5% during the 1st quarter. Bank of New York Mellon Corp now owns 2,655,834 shares of the company's stock valued at $53,223,000 after purchasing an additional 229,745 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Blue Owl Capital by 13.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,471 shares of the company's stock valued at $230,000 after purchasing an additional 1,357 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Blue Owl Capital by 16.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,400 shares of the company's stock valued at $1,358,000 after purchasing an additional 9,522 shares during the last quarter. Townsend Asset Management Corp NC ADV increased its position in shares of Blue Owl Capital by 8.6% during the 1st quarter. Townsend Asset Management Corp NC ADV now owns 287,731 shares of the company's stock valued at $5,766,000 after purchasing an additional 22,778 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Blue Owl Capital during the 1st quarter valued at $1,581,000. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Trading Down 1.0%

Shares of OWL traded down $0.19 during trading hours on Friday, reaching $18.50. 5,951,308 shares of the company's stock traded hands, compared to its average volume of 6,235,361. The stock has a market cap of $28.67 billion, a PE ratio of 205.58, a price-to-earnings-growth ratio of 1.23 and a beta of 1.16. The firm's 50 day simple moving average is $19.39 and its 200-day simple moving average is $19.36. 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 results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. The firm had revenue of $703.11 million during the quarter, compared to the consensus estimate of $642.13 million. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%. As a group, analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Thursday, August 14th. Blue Owl Capital's dividend payout ratio (DPR) is currently 1,000.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Piper Sandler raised their target price on Blue Owl Capital from $22.50 to $23.50 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. Oppenheimer raised their target price on Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. UBS Group decreased their target price on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $20.00 to $23.00 in a research note on Tuesday, May 20th. Finally, Raymond James Financial started coverage on Blue Owl Capital in a research note on Monday, July 28th. They set a "market perform" rating for the company. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Blue Owl Capital currently has an average rating of "Moderate Buy" and a consensus price target of $24.02.

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.