Blue Owl Capital Inc. $OWL Stake Raised by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management raised its stake in Blue Owl Capital Inc. by 26.7%, purchasing an additional 420,809 shares to hold a total of 1,994,159 shares, valued at approximately $39,963,000.
• Vanguard Group and other large investors also increased their stakes in Blue Owl Capital, with Vanguard acquiring over 7 million shares, raising its ownership to 60.4 million shares worth $1.21 billion.
• Blue Owl Capital announced a quarterly dividend of $0.225 per share, reflecting a 4.8% dividend yield, despite a high dividend payout ratio of 1,000%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 26.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,994,159 shares of the company's stock after purchasing an additional 420,809 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.13% of Blue Owl Capital worth $39,963,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Blue Owl Capital by 13.5% during the 1st quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company's stock worth $1,210,674,000 after acquiring an additional 7,206,495 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Blue Owl Capital by 4.6% in the first quarter. JPMorgan Chase & Co. now owns 9,671,728 shares of the company's stock worth $193,821,000 after buying an additional 422,745 shares during the period. Federated Hermes Inc. boosted its holdings in Blue Owl Capital by 0.4% in the first quarter. Federated Hermes Inc. now owns 6,901,500 shares of the company's stock valued at $138,306,000 after purchasing an additional 24,800 shares during the last quarter. Beck Mack & Oliver LLC boosted its holdings in Blue Owl Capital by 12.1% in the first quarter. Beck Mack & Oliver LLC now owns 6,777,668 shares of the company's stock valued at $135,824,000 after purchasing an additional 732,452 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its holdings in Blue Owl Capital by 1.4% during the 1st quarter. Cresset Asset Management LLC now owns 6,140,749 shares of the company's stock worth $123,061,000 after buying an additional 87,684 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on OWL shares. Barclays raised their target price on Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Evercore ISI raised their target price on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Raymond James Financial initiated coverage on Blue Owl Capital in a research report on Monday, July 28th. They issued a "market perform" rating for the company. Wells Fargo & Company raised their target price on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Finally, Oppenheimer increased their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Blue Owl Capital currently has an average rating of "Moderate Buy" and a consensus price target of $24.02.

Blue Owl Capital Price Performance

Shares of NYSE OWL traded down $0.18 during trading hours on Friday, hitting $18.91. 10,954,211 shares of the company's stock were exchanged, compared to its average volume of 7,583,644. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The stock has a market capitalization of $29.30 billion, a price-to-earnings ratio of 210.13, a PEG ratio of 1.25 and a beta of 1.16. The company's 50-day moving average price is $19.14 and its 200-day moving average price is $18.94.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%.The business had revenue of $703.11 million during the quarter, compared to analysts' expectations of $642.13 million. On average, research analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a dividend of $0.225 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.90 annualized dividend and a yield of 4.8%. Blue Owl Capital's payout ratio is currently 1,000.00%.

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.