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

Vanguard Group Inc. boosted its position in Blue Owl Capital Inc. (NYSE:OWL) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,480,663 shares of the company’s stock after purchasing an additional 281,324 shares during the quarter. Vanguard Group Inc. owned about 2.83% of Blue Owl Capital worth $603,162,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in OWL. Capital International Investors increased its stake in shares of Blue Owl Capital by 12.0% in the 4th quarter. Capital International Investors now owns 33,177,641 shares of the company’s stock worth $494,347,000 after acquiring an additional 3,565,657 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Blue Owl Capital in the 3rd quarter worth $59,997,000. Charles Schwab Investment Management Inc. increased its stake in shares of Blue Owl Capital by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,620,694 shares of the company’s stock worth $53,948,000 after acquiring an additional 100,188 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Blue Owl Capital in the 4th quarter worth $46,030,000. Finally, Advent International L.P. acquired a new stake in shares of Blue Owl Capital in the 3rd quarter worth $30,780,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

OWL stock opened at $17.66 on Tuesday. The firm has a market capitalization of $25.23 billion, a P/E ratio of 147.17, a P/E/G ratio of 1.08 and a beta of 1.20. The business’s 50-day moving average is $18.27 and its two-hundred day moving average is $17.19. Blue Owl Capital Inc. has a 1 year low of $10.64 and a 1 year high of $19.87.

Blue Owl Capital (NYSE:OWL) last posted its quarterly 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. The company had revenue of $486.55 million for the quarter, compared to analyst estimates of $478.47 million. Blue Owl Capital had a return on equity of 18.15% and a net margin of 3.84%. On average, analysts expect that Blue Owl Capital Inc. will post 0.82 EPS 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 represents a $0.72 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend was Monday, May 20th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.14. Blue Owl Capital’s dividend payout ratio (DPR) is 600.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on OWL. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $21.00 price target on shares of Blue Owl Capital in a report on Monday, June 10th. TD Cowen lowered their price target on Blue Owl Capital from $23.00 to $21.50 and set a “buy” rating for the company in a report on Friday, May 3rd. JMP Securities reiterated a “market outperform” rating and set a $24.00 price target on shares of Blue Owl Capital in a report on Tuesday, April 9th. Evercore ISI increased their price target on Blue Owl Capital from $18.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $19.00 price target on shares of Blue Owl Capital in a report on Thursday, April 4th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.27.

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.