Blue Owl Capital Inc. (NYSE:OWL) Shares Purchased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. grew its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 22.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,819,431 shares of the company’s stock after acquiring an additional 328,719 shares during the quarter. Goldman Sachs Group Inc. owned about 0.13% of Blue Owl Capital worth $27,110,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. M&T Bank Corp increased its holdings in shares of Blue Owl Capital by 7.0% during the fourth quarter. M&T Bank Corp now owns 11,512 shares of the company’s stock valued at $172,000 after acquiring an additional 753 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of Blue Owl Capital by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 196,246 shares of the company’s stock valued at $2,543,000 after acquiring an additional 990 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in shares of Blue Owl Capital by 58.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock valued at $47,000 after acquiring an additional 1,159 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Blue Owl Capital by 26.8% during the fourth quarter. Signaturefd LLC now owns 7,473 shares of the company’s stock valued at $111,000 after acquiring an additional 1,580 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in shares of Blue Owl Capital during the fourth quarter valued at about $26,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

Shares of NYSE:OWL opened at $17.51 on Monday. Blue Owl Capital Inc. has a 1 year low of $10.64 and a 1 year high of $19.87. The firm has a market capitalization of $25.02 billion, a price-to-earnings ratio of 145.92, a price-to-earnings-growth ratio of 1.08 and a beta of 1.20. The business’s 50 day moving average price is $18.28 and its 200-day moving average price is $17.16.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Blue Owl Capital had a return on equity of 18.15% and a net margin of 3.84%. The firm had revenue of $486.55 million for the quarter, compared to analyst estimates of $478.47 million. On average, sell-side analysts expect that Blue Owl Capital Inc. will post 0.82 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Tuesday, May 21st were given a dividend of $0.18 per share. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, May 20th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.11%. Blue Owl Capital’s dividend payout ratio (DPR) is 600.00%.

Analyst Upgrades and Downgrades

OWL has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $21.00 price target on shares of Blue Owl Capital in a report on Monday, June 10th. TD Cowen cut their price target on shares of Blue Owl Capital from $23.00 to $21.50 and set a “buy” rating on the stock in a report on Friday, May 3rd. Piper Sandler increased their price target on shares of Blue Owl Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. UBS Group upgraded shares of Blue Owl Capital from a “neutral” rating to a “buy” rating and increased their price target for the stock from $18.00 to $22.00 in a report on Tuesday, April 2nd. Finally, Evercore ISI increased their price target on shares of Blue Owl Capital from $18.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.27.

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.