Northern Trust Corp Boosts Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Northern Trust Corp lifted its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,872,433 shares of the company's stock after purchasing an additional 163,830 shares during the quarter. Northern Trust Corp owned 0.19% of Blue Owl Capital worth $66,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of OWL. Barclays PLC lifted its stake in Blue Owl Capital by 13.7% during the 3rd quarter. Barclays PLC now owns 1,571,806 shares of the company's stock valued at $30,430,000 after acquiring an additional 189,082 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Blue Owl Capital during the 3rd quarter valued at $138,000. Franklin Resources Inc. lifted its holdings in shares of Blue Owl Capital by 12.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,818,874 shares of the company's stock valued at $54,573,000 after buying an additional 311,385 shares during the period. Versant Capital Management Inc boosted its stake in shares of Blue Owl Capital by 136.2% in the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock worth $45,000 after buying an additional 1,110 shares during the last quarter. Finally, Wedmont Private Capital bought a new stake in shares of Blue Owl Capital in the fourth quarter worth $204,000. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Stock Down 0.1 %

OWL stock traded down $0.01 during mid-day trading on Friday, hitting $18.53. The company had a trading volume of 4,055,952 shares, compared to its average volume of 6,753,057. The company has a market capitalization of $28.50 billion, a price-to-earnings ratio of 109.01, a P/E/G ratio of 1.23 and a beta of 1.21. The company has a 50-day moving average price of $18.66 and a 200 day moving average price of $21.83. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The firm had revenue of $620.19 million during the quarter, compared to the consensus estimate of $636.44 million. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.90 annualized dividend and a yield of 4.86%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio (DPR) is 692.31%.

Analysts Set New Price Targets

Several research analysts have issued reports on OWL shares. 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. Evercore ISI upped their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Friday, January 17th. UBS Group dropped their price target on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Citigroup decreased their target price on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, JMP Securities cut their price target 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 equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.56.

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.