Swiss National Bank Reduces Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Swiss National Bank decreased its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 716,700 shares of the company's stock after selling 67,300 shares during the quarter. Swiss National Bank owned about 0.05% of Blue Owl Capital worth $10,679,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Blue Owl Capital by 3.3% in the third quarter. Vanguard Group Inc. now owns 40,199,339 shares of the company's stock valued at $520,983,000 after purchasing an additional 1,293,941 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Blue Owl Capital in the 4th quarter worth $9,929,000. Exchange Traded Concepts LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $1,944,000. Foster Victor Wealth Advisors LLC raised its holdings in shares of Blue Owl Capital by 31.1% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 420,675 shares of the company's stock valued at $6,293,000 after purchasing an additional 99,760 shares during the last quarter. Finally, Advent International L.P. bought a new position in shares of Blue Owl Capital during the third quarter valued at about $30,780,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OWL has been the subject of several analyst reports. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $19.00 price objective on shares of Blue Owl Capital in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the stock a "buy" rating in a research report on Thursday, April 18th. UBS Group upgraded Blue Owl Capital from a "neutral" rating to a "buy" rating and upped their price objective for the company from $18.00 to $22.00 in a research note on Tuesday, April 2nd. TD Cowen lowered their target price on Blue Owl Capital from $23.00 to $21.50 and set a "buy" rating on the stock in a research note on Friday, May 3rd. Finally, The Goldman Sachs Group increased their price target on shares of Blue Owl Capital from $17.75 to $20.25 and gave the company a "buy" rating in a research report on Monday, February 12th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $19.89.

Blue Owl Capital Trading Down 0.9 %

Shares of NYSE OWL traded down $0.17 during midday trading on Monday, hitting $18.38. The company's stock had a trading volume of 4,389,709 shares, compared to its average volume of 4,621,448. The firm has a market capitalization of $26.26 billion, a price-to-earnings ratio of 154.58, a P/E/G ratio of 1.22 and a beta of 1.24. The stock has a fifty day moving average price of $18.38 and a 200 day moving average price of $16.12. Blue Owl Capital Inc. has a one year low of $9.70 and a one year high of $19.87.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its earnings results on Friday, February 9th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm had revenue of $494.04 million for the quarter, compared to the consensus estimate of $438.77 million. Blue Owl Capital had a return on equity of 18.15% and a net margin of 3.84%. During the same quarter in the prior year, the business posted $0.15 earnings per share. On average, equities research analysts predict that Blue Owl Capital Inc. will post 0.83 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.72 annualized dividend and a yield of 3.92%. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.14. Blue Owl Capital's dividend payout ratio (DPR) is currently 466.67%.

Blue Owl Capital 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.