Blue Owl Capital Inc. (NYSE:OWL) Stake Decreased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 7.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,858 shares of the company’s stock after selling 1,043 shares during the period. Asset Management One Co. Ltd.’s holdings in Blue Owl Capital were worth $278,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in OWL. Rakuten Securities Inc. bought a new stake in Blue Owl Capital during the 4th quarter valued at $27,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Blue Owl Capital by 380.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company’s stock valued at $27,000 after purchasing an additional 1,050 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of 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 period. State of Wyoming raised its stake in shares of Blue Owl Capital by 27.1% during the fourth quarter. State of Wyoming now owns 2,359 shares of the company’s stock valued at $55,000 after purchasing an additional 503 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Blue Owl Capital by 21.9% in the first quarter. Parallel Advisors LLC now owns 6,468 shares of the company’s stock worth $130,000 after purchasing an additional 1,161 shares during the period. 35.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Cfra Research raised shares of Blue Owl Capital to a “moderate buy” rating in a research note on Thursday, March 27th. Wells Fargo & Company raised their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, May 23rd. JMP Securities dropped their target price on Blue Owl Capital from $32.00 to $28.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Piper Sandler decreased their price target on Blue Owl Capital from $27.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Oppenheimer set a $24.00 price target on Blue Owl Capital and gave the company an “outperform” rating in a research report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $23.81.

Blue Owl Capital Stock Down 0.8%

OWL opened at $19.29 on Tuesday. The firm has a market cap of $29.66 billion, a PE ratio of 148.40, a P/E/G ratio of 1.31 and a beta of 1.18. The business has a fifty day simple moving average of $18.75 and a 200-day simple moving average of $20.73. Blue Owl Capital Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $26.73.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Blue Owl Capital had a net margin of 3.73% and a return on equity of 19.74%. The company had revenue of $620.19 million for the quarter, compared to analysts’ expectations of $636.44 million. On average, equities research analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.225 per share. The ex-dividend date was Wednesday, May 14th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.18. This represents a $0.90 dividend on an annualized basis and a yield of 4.67%. Blue Owl Capital’s dividend payout ratio is currently 692.31%.

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.