Nuveen Asset Management LLC Reduces Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

Nuveen Asset Management LLC trimmed its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,241,040 shares of the company's stock after selling 33,915 shares during the period. Nuveen Asset Management LLC owned 0.08% of Blue Owl Capital worth $28,867,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC boosted its stake in Blue Owl Capital by 1.6% in the 4th quarter. Global Retirement Partners LLC now owns 25,499 shares of the company's stock worth $593,000 after buying an additional 413 shares during the last quarter. Dynasty Wealth Management LLC boosted its stake in Blue Owl Capital by 0.5% in the 4th quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company's stock worth $1,828,000 after buying an additional 417 shares during the last quarter. Allworth Financial LP boosted its stake in Blue Owl Capital by 43.3% in the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company's stock worth $36,000 after buying an additional 428 shares during the last quarter. Principal Securities Inc. boosted its stake in 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 during the last quarter. Finally, IFP Advisors Inc boosted its stake in Blue Owl Capital by 0.7% in the 4th quarter. IFP Advisors Inc now owns 88,142 shares of the company's stock worth $2,055,000 after buying an additional 632 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OWL. Oppenheimer set a $24.00 price target on Blue Owl Capital and gave the stock an "outperform" rating in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods raised Blue Owl Capital from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $20.00 to $23.00 in a research note on Tuesday, May 20th. Barclays decreased their price target on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. JMP Securities reduced their price objective on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, Piper Sandler reduced their price objective on Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and an average price target of $23.40.

Blue Owl Capital Stock Up 2.4%

Shares of NYSE OWL traded up $0.43 during midday trading on Tuesday, hitting $18.70. The stock had a trading volume of 7,084,217 shares, compared to its average volume of 6,865,939. The company has a market capitalization of $28.76 billion, a price-to-earnings ratio of 110.01, a PEG ratio of 1.23 and a beta of 1.21. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The company has a fifty day moving average price of $18.53 and a 200 day moving average price of $21.53.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its earnings results 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 for the quarter, compared to analysts' expectations of $636.44 million. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. On average, research analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS 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 issued a dividend of $0.225 per share. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Wednesday, May 14th. Blue Owl Capital's dividend payout ratio (DPR) is presently 692.31%.

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.