Itau Unibanco Holding S.A. Makes New Investment in Blue Owl Capital Inc. (NYSE:OWL)

Itau Unibanco Holding S.A. bought a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 40,510 shares of the company's stock, valued at approximately $948,000.

Several other institutional investors also recently bought and sold shares of OWL. Rothschild Investment LLC raised its position in Blue Owl Capital by 316.1% during the 4th quarter. Rothschild Investment LLC now owns 33,955 shares of the company's stock valued at $790,000 after purchasing an additional 25,795 shares during the last quarter. Arizona State Retirement System lifted its stake in Blue Owl Capital by 14.7% in the fourth quarter. Arizona State Retirement System now owns 154,708 shares of the company's stock worth $3,599,000 after acquiring an additional 19,810 shares during the period. Princeton Global Asset Management LLC bought a new stake in Blue Owl Capital in the fourth quarter valued at $1,773,000. Charles Schwab Investment Management Inc. increased its position in Blue Owl Capital by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company's stock valued at $80,179,000 after purchasing an additional 106,485 shares during the period. Finally, Scholtz & Company LLC raised its holdings in Blue Owl Capital by 13.0% in the 4th quarter. Scholtz & Company LLC now owns 153,615 shares of the company's stock worth $3,573,000 after purchasing an additional 17,685 shares in the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on OWL. The Goldman Sachs Group cut shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and reduced their price target for the company from $25.00 to $24.75 in a research report on Monday, January 6th. Oppenheimer set a $24.00 target price on Blue Owl Capital and gave the stock an "outperform" rating in a research report on Wednesday, April 16th. JMP Securities reduced their price target on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. UBS Group lowered their price objective on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Piper Sandler reduced their target price on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $23.56.

Blue Owl Capital Trading Down 3.2 %

OWL stock traded down $0.59 during midday trading on Tuesday, hitting $17.87. The company's stock had a trading volume of 8,551,950 shares, compared to its average volume of 6,801,016. The firm's 50-day moving average is $18.87 and its 200-day moving average is $21.95. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73. The company has a market cap of $27.49 billion, a PE ratio of 105.15, a P/E/G ratio of 1.23 and a beta of 1.21.

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 4.77% and a return on equity of 20.82%. Analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date is 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%.

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.