Verity & Verity LLC Acquires Shares of 470,046 Blue Owl Capital Inc. (NYSE:OWL)

Verity & Verity LLC purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 470,046 shares of the company's stock, valued at approximately $9,420,000.

Several other hedge funds have also bought and sold shares of OWL. FMR LLC grew its position in Blue Owl Capital by 28.1% in the 4th quarter. FMR LLC now owns 45,241,160 shares of the company's stock valued at $1,052,309,000 after purchasing an additional 9,917,071 shares during the period. Capital World Investors boosted its holdings in Blue Owl Capital by 14.5% during the 4th quarter. Capital World Investors now owns 77,168,640 shares of the company's stock worth $1,794,943,000 after acquiring an additional 9,794,102 shares during the last quarter. Cresset Asset Management LLC boosted its holdings in Blue Owl Capital by 4,278.0% during the 4th quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company's stock worth $140,794,000 after acquiring an additional 5,914,804 shares during the last quarter. Norges Bank purchased a new position in Blue Owl Capital during the 4th quarter worth $137,118,000. Finally, Vanguard Group Inc. boosted its holdings in Blue Owl Capital by 11.7% during the 4th quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock worth $1,237,581,000 after acquiring an additional 5,558,868 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on OWL. Oppenheimer set a $24.00 price objective on shares of Blue Owl Capital and gave the stock an "outperform" rating in a report on Wednesday, April 16th. Citigroup cut their price objective on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $20.00 to $23.00 in a report on Tuesday, May 20th. Piper Sandler cut their price objective on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $23.40.

Blue Owl Capital Trading Down 3.0%

Shares of NYSE:OWL traded down $0.58 during midday trading on Friday, reaching $18.65. The company had a trading volume of 5,576,868 shares, compared to its average volume of 6,852,443. The company's 50 day moving average price is $18.33 and its 200 day moving average price is $21.17. The stock has a market cap of $28.67 billion, a P/E ratio of 109.68, a P/E/G ratio of 1.23 and a beta of 1.18. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The company had revenue of $620.19 million during the quarter, compared to analysts' expectations of $636.44 million. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. Research analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a $0.225 dividend. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date was Wednesday, May 14th. Blue Owl Capital's payout ratio is 692.31%.

Blue Owl Capital Company 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.