Sterling Capital Management LLC Lowers Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

Sterling Capital Management LLC trimmed its stake in Blue Owl Capital Inc. (NYSE:OWL) by 8.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,356 shares of the company’s stock after selling 813 shares during the period. Sterling Capital Management LLC’s holdings in Blue Owl Capital were worth $194,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in OWL. Barclays PLC raised its position in Blue Owl Capital by 13.7% in the third quarter. Barclays PLC now owns 1,571,806 shares of the company’s stock valued at $30,430,000 after purchasing an additional 189,082 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Blue Owl Capital in the 3rd quarter valued at $138,000. Franklin Resources Inc. lifted its stake in Blue Owl Capital by 12.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,818,874 shares of the company’s stock worth $54,573,000 after acquiring an additional 311,385 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Blue Owl Capital by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after acquiring an additional 1,372,865 shares during the period. Finally, Versant Capital Management Inc grew its position in Blue Owl Capital by 136.2% in the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after acquiring an additional 1,110 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Trading Up 2.0 %

Shares of NYSE OWL opened at $17.44 on Monday. The stock has a market cap of $26.81 billion, a P/E ratio of 102.56, a P/E/G ratio of 1.23 and a beta of 1.20. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The stock has a 50 day moving average of $19.95 and a two-hundred day moving average of $22.23.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, February 6th. The company reported $0.21 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%. As a group, research analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 4.13%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 423.53%.

Wall Street Analysts Forecast Growth

OWL has been the topic of several research reports. 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 stock 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 research note on Thursday, March 27th. Barclays reduced their price objective on Blue Owl Capital from $29.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Evercore ISI boosted their target price on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Finally, Piper Sandler reduced their price target on 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 investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.79.

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.