Vanguard Group Inc. Has $1.21 Billion Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

Vanguard Group Inc. boosted its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 13.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,412,887 shares of the company's stock after acquiring an additional 7,206,495 shares during the quarter. Vanguard Group Inc. owned 3.93% of Blue Owl Capital worth $1,210,674,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Westwood Holdings Group Inc. increased its stake in shares of Blue Owl Capital by 1.8% in the first quarter. Westwood Holdings Group Inc. now owns 897,519 shares of the company's stock worth $17,986,000 after acquiring an additional 15,650 shares during the last quarter. Levin Capital Strategies L.P. purchased a new position in Blue Owl Capital in the first quarter valued at about $595,000. Westfield Capital Management Co. LP increased its position in Blue Owl Capital by 1.9% in the 1st quarter. Westfield Capital Management Co. LP now owns 5,553,781 shares of the company's stock worth $111,298,000 after purchasing an additional 101,307 shares during the last quarter. Blair William & Co. IL increased its position in Blue Owl Capital by 128.0% in the 1st quarter. Blair William & Co. IL now owns 57,472 shares of the company's stock worth $1,152,000 after purchasing an additional 32,269 shares during the last quarter. Finally, Avalon Trust Co raised its stake in shares of Blue Owl Capital by 1.1% during the 1st quarter. Avalon Trust Co now owns 788,169 shares of the company's stock worth $15,795,000 after purchasing an additional 8,819 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on OWL. Raymond James Financial initiated coverage on Blue Owl Capital in a research note on Monday, July 28th. They issued a "market perform" rating for the company. Piper Sandler boosted their target price on shares of Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. Evercore ISI raised their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. UBS Group reduced their price objective on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Oppenheimer increased their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $24.02.

Blue Owl Capital Stock Performance

Shares of NYSE:OWL traded up $0.58 during midday trading on Tuesday, hitting $20.33. The company's stock had a trading volume of 9,119,863 shares, compared to its average volume of 7,357,352. Blue Owl Capital Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $26.73. The stock has a market capitalization of $31.50 billion, a price-to-earnings ratio of 225.91, a PEG ratio of 1.29 and a beta of 1.16. The stock's 50 day simple moving average is $19.40 and its 200 day simple moving average is $19.86.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.21 EPS 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 company had revenue of $703.11 million for the quarter, compared to the consensus estimate of $642.13 million. As a group, analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.225 per share. The ex-dividend date is Thursday, August 14th. This represents a $0.90 annualized dividend and a dividend yield of 4.4%. Blue Owl Capital's payout ratio is presently 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.