Legal & General Group Plc Buys 30,843 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Legal & General Group Plc boosted its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 566,056 shares of the company's stock after buying an additional 30,843 shares during the period. Legal & General Group Plc's holdings in Blue Owl Capital were worth $13,167,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of OWL. Rakuten Securities Inc. bought a new position in Blue Owl Capital in the 4th quarter worth about $27,000. Allworth Financial LP raised its stake in Blue Owl Capital by 43.3% in the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after purchasing an additional 428 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Blue Owl Capital by 232.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock valued at $44,000 after purchasing an additional 1,315 shares during the last quarter. Principal Securities Inc. grew its stake in Blue Owl Capital by 30.6% in the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after buying an additional 450 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Blue Owl Capital by 136.2% during the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock worth $45,000 after acquiring an additional 1,110 shares during the last quarter. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Trading Down 4.6 %

Shares of NYSE:OWL traded down $0.81 during mid-day trading on Monday, reaching $16.61. The stock had a trading volume of 1,012,650 shares, compared to its average volume of 6,591,888. The business's 50 day moving average price is $19.95 and its 200 day moving average price is $22.23. Blue Owl Capital Inc. has a 1 year low of $14.55 and a 1 year high of $26.73. The company has a market cap of $25.54 billion, a P/E ratio of 97.75, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. Analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 4.34%. Blue Owl Capital's payout ratio is presently 423.53%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on OWL shares. The Goldman Sachs Group lowered Blue Owl Capital from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $25.00 to $24.75 in a research report on Monday, January 6th. Cfra Research upgraded shares of Blue Owl Capital to a "moderate buy" rating in a report on Thursday, March 27th. Wells Fargo & Company dropped their price target on shares of Blue Owl Capital from $22.00 to $19.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Citigroup dropped their target price on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, JMP Securities dropped their price objective on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $23.79.

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.