Barclays PLC Sells 1,041,716 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Barclays PLC lessened its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 66.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 530,090 shares of the company’s stock after selling 1,041,716 shares during the period. Barclays PLC’s holdings in Blue Owl Capital were worth $12,330,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of OWL. Garner Asset Management Corp purchased a new position in shares of Blue Owl Capital during the 4th quarter worth about $541,000. Townsquare Capital LLC grew its stake in shares of Blue Owl Capital by 43.0% during the fourth quarter. Townsquare Capital LLC now owns 19,169 shares of the company’s stock valued at $446,000 after buying an additional 5,763 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Blue Owl Capital by 2.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 174,384 shares of the company’s stock worth $4,056,000 after acquiring an additional 4,239 shares during the last quarter. Argent Trust Co purchased a new position in Blue Owl Capital during the 4th quarter valued at $241,000. Finally, Treasurer of the State of North Carolina increased its stake in Blue Owl Capital by 3.8% in the fourth quarter. Treasurer of the State of North Carolina now owns 227,529 shares of the company’s stock worth $5,292,000 after purchasing an additional 8,300 shares during the period. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Trading Down 5.2 %

Shares of OWL stock opened at $16.50 on Tuesday. The company has a market cap of $25.37 billion, a PE ratio of 97.06, a PEG ratio of 1.23 and a beta of 1.20. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73. The business’s fifty day simple moving average is $19.81 and its 200-day simple moving average is $22.20.

Blue Owl Capital (NYSE:OWL) last released its quarterly 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 return on equity of 20.82% and a net margin of 4.77%. On average, equities analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 4.36%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital’s payout ratio is 423.53%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on OWL. Piper Sandler reduced their price target on shares of Blue Owl Capital from $27.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. TD Cowen raised shares of Blue Owl Capital from a “hold” rating to a “buy” rating and raised their target price for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. Citigroup lowered their price target on Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company decreased their target price on Blue Owl Capital from $22.00 to $19.00 and set an “equal weight” rating for the company in a research report 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 note on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $23.79.

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.