Mirae Asset Global Investments Co. Ltd. Acquires 9,522 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Mirae Asset Global Investments Co. Ltd. raised its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 16.5% during the first quarter, Holdings Channel.com reports. The fund owned 67,400 shares of the company’s stock after purchasing an additional 9,522 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Blue Owl Capital were worth $1,358,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Proficio Capital Partners LLC bought a new position in shares of Blue Owl Capital during the fourth quarter worth $487,000. Jones Financial Companies Lllp boosted its position 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 worth $44,000 after purchasing an additional 1,315 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Blue Owl Capital by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company’s stock worth $80,179,000 after purchasing an additional 106,485 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Blue Owl Capital by 20.0% during the fourth quarter. Victory Capital Management Inc. now owns 779,640 shares of the company’s stock worth $18,134,000 after purchasing an additional 130,177 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Blue Owl Capital by 14.7% during the fourth quarter. Arizona State Retirement System now owns 154,708 shares of the company’s stock worth $3,599,000 after purchasing an additional 19,810 shares in the last quarter. 35.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Oppenheimer set a $24.00 price target on shares of Blue Owl Capital and gave the stock an “outperform” rating in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $20.00 to $23.00 in a research report on Tuesday, May 20th. Citigroup dropped their price objective on shares of Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Piper Sandler raised their price objective on shares of Blue Owl Capital from $22.50 to $23.50 and gave the stock an “overweight” rating in a report on Wednesday. Finally, JMP Securities dropped their price objective on shares of 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. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.02.

Blue Owl Capital Trading Up 0.9%

Shares of OWL stock opened at $19.57 on Friday. Blue Owl Capital Inc. has a 1 year low of $14.55 and a 1 year high of $26.73. The firm’s fifty day moving average price is $18.88 and its two-hundred day moving average price is $20.64. The firm has a market capitalization of $30.10 billion, a P/E ratio of 150.55, a PEG ratio of 1.32 and a beta of 1.17.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.17 earnings per share (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 business had revenue of $620.19 million during the quarter, compared to analyst estimates of $636.44 million. As a group, equities research analysts forecast 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. Stockholders of record on Wednesday, May 14th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend was Wednesday, May 14th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.18. Blue Owl Capital’s dividend payout ratio (DPR) is 692.31%.

Blue Owl Capital Company 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.