Royal Bank of Canada Grows Stock Holdings in Blue Owl Capital Inc. $OWL

Key Points

• Royal Bank of Canada increased its Blue Owl Capital stake by 38.8% in the first quarter, adding 249,461 shares for a total position of 892,317 shares worth approximately $8.15 million. Institutional investors collectively own 35.85% of OWL.
• Blue Owl reported quarterly earnings of $0.22 per share, in line with estimates, while revenue reached $693.56 million. The company declared a quarterly dividend of $0.23, equal to an annualized $0.92 payout and a 7.9% yield.
• OWL shares opened at $11.69, with analysts maintaining a consensus “Moderate Buy” rating and an average price target of $13.44. Price targets and ratings remain mixed, ranging from “Hold” to “Strong Buy.”

Royal Bank of Canada increased its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 38.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 892,317 shares of the company's stock after buying an additional 249,461 shares during the quarter. Royal Bank of Canada owned 0.06% of Blue Owl Capital worth $8,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of OWL. Kingswood Wealth Advisors LLC grew its holdings in shares of Blue Owl Capital by 1.2% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 76,939 shares of the company's stock valued at $1,149,000 after purchasing an additional 909 shares during the last quarter. Halbert Hargrove Global Advisors LLC grew its stake in shares of Blue Owl Capital by 83.5% during the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company's stock valued at $30,000 after buying an additional 910 shares during the last quarter. VestGen Advisors LLC increased its holdings in shares of Blue Owl Capital by 5.4% in the fourth quarter. VestGen Advisors LLC now owns 17,850 shares of the company's stock worth $267,000 after buying an additional 912 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Blue Owl Capital by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 190,579 shares of the company's stock worth $3,227,000 after buying an additional 1,182 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of Blue Owl Capital by 1.6% in the 4th quarter. Deutsche Bank AG now owns 77,962 shares of the company's stock valued at $1,165,000 after acquiring an additional 1,222 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Down 1.5%

NYSE:OWL opened at $11.69 on Tuesday. The firm's fifty day simple moving average is $9.67 and its 200 day simple moving average is $10.18. The stock has a market cap of $18.23 billion, a P/E ratio of 97.42, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. Blue Owl Capital Inc. has a twelve month low of $7.95 and a twelve month high of $20.58.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The business had revenue of $693.56 million during the quarter, compared to analyst estimates of $693.15 million. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. On average, analysts expect that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Thursday, August 13th. Blue Owl Capital's dividend payout ratio is presently 766.67%.

Analyst Ratings Changes

Several analysts have weighed in on OWL shares. Citigroup reiterated a "market outperform" rating on shares of Blue Owl Capital in a research report on Thursday, July 9th. Zacks Research raised shares of Blue Owl Capital from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 27th. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital to a "hold" rating in a report on Monday, July 20th. Weiss Ratings reissued a "hold (c-)" rating on shares of Blue Owl Capital in a research report on Thursday, June 18th. Finally, Barclays raised their price target on shares of Blue Owl Capital from $9.00 to $10.00 and gave the stock an "equal weight" rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $13.44.

Blue Owl Capital Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.

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