Blue Owl Capital Inc. (NYSE:OWL) Holdings Lessened by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC reduced its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 3.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,416,970 shares of the company's stock after selling 44,177 shares during the quarter. Blue Owl Capital makes up about 2.0% of Transcend Capital Advisors LLC's holdings, making the stock its 7th biggest holding. Transcend Capital Advisors LLC owned about 0.09% of Blue Owl Capital worth $28,396,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Capital World Investors boosted its position in shares of Blue Owl Capital by 14.5% during the fourth quarter. Capital World Investors now owns 77,168,640 shares of the company's stock valued at $1,794,943,000 after purchasing an additional 9,794,102 shares in the last quarter. Vanguard Group Inc. lifted its position in Blue Owl Capital by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock valued at $1,237,581,000 after buying an additional 5,558,868 shares during the period. FMR LLC boosted its holdings in shares of Blue Owl Capital by 28.1% during the 4th quarter. FMR LLC now owns 45,241,160 shares of the company's stock valued at $1,052,309,000 after buying an additional 9,917,071 shares in the last quarter. JPMorgan Chase & Co. grew 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 worth $215,131,000 after buying an additional 218,586 shares during the period. Finally, Geode Capital Management LLC grew 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 worth $196,060,000 after buying an additional 274,094 shares during the period. 35.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on OWL shares. Citigroup lowered their price target on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Piper Sandler lowered their target price on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. Oppenheimer set a $24.00 price objective on Blue Owl Capital and gave the company an "outperform" rating in a research report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods raised Blue Owl Capital from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $20.00 to $23.00 in a report on Tuesday, May 20th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and an average target price of $23.81.

Blue Owl Capital Trading Up 1.4%

OWL traded up $0.28 during trading on Friday, hitting $19.47. 14,785,710 shares of the company's stock traded hands, compared to its average volume of 6,887,218. The stock has a market capitalization of $29.93 billion, a price-to-earnings ratio of 149.74, a PEG ratio of 1.28 and a beta of 1.18. The company's 50 day simple moving average is $18.66 and its two-hundred day simple moving average is $20.84. 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 released its quarterly earnings data on Thursday, May 1st. The company reported $0.17 earnings per share 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 3.73% and a return on equity of 19.74%. On average, equities analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend was Wednesday, May 14th. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio is 692.31%.

About Blue Owl Capital

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.