Allspring Global Investments Holdings LLC Takes Position in Blue Owl Capital Inc. (NYSE:OWL)

Allspring Global Investments Holdings LLC acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,572,481 shares of the company’s stock, valued at approximately $48,517,000. Allspring Global Investments Holdings LLC owned 0.18% of Blue Owl Capital at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. M&T Bank Corp increased its stake in Blue Owl Capital by 7.0% during the 4th quarter. M&T Bank Corp now owns 11,512 shares of the company’s stock worth $172,000 after purchasing an additional 753 shares in the last quarter. Treasurer of the State of North Carolina increased its position 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 worth $2,543,000 after acquiring an additional 990 shares in the last quarter. Salem Investment Counselors Inc. raised 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 worth $47,000 after acquiring an additional 1,159 shares during the period. Oliver Luxxe Assets LLC lifted its position in Blue Owl Capital by 2.5% in the 1st quarter. Oliver Luxxe Assets LLC now owns 61,086 shares of the company’s stock valued at $1,152,000 after acquiring an additional 1,462 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Blue Owl Capital by 26.8% in the 4th quarter. Signaturefd LLC now owns 7,473 shares of the company’s stock worth $111,000 after purchasing an additional 1,580 shares during the period. 35.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. TD Cowen cut their price target on 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 reaffirmed an “overweight” rating and set a $23.00 price target on shares of Blue Owl Capital in a research note on Friday, June 28th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $18.50 price objective on shares of Blue Owl Capital in a report on Thursday, June 13th. Citigroup restated a “buy” rating and set a $21.00 target price on shares of Blue Owl Capital in a report on Tuesday, May 14th. Finally, UBS Group upgraded shares of Blue Owl Capital from a “neutral” rating to a “buy” rating and lifted their price target for the company from $18.00 to $22.00 in a research note on Tuesday, April 2nd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.27.

Blue Owl Capital Stock Up 0.9 %

NYSE:OWL opened at $17.70 on Thursday. Blue Owl Capital Inc. has a 12-month low of $10.64 and a 12-month high of $19.87. The firm has a market capitalization of $25.29 billion, a price-to-earnings ratio of 147.50, a P/E/G ratio of 1.08 and a beta of 1.18. The stock’s 50 day moving average price is $18.17 and its two-hundred day moving average price is $17.36.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $486.55 million during the quarter, compared to the consensus estimate of $478.47 million. Equities research analysts expect that Blue Owl Capital Inc. will post 0.82 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Tuesday, May 21st were issued a dividend of $0.18 per share. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, May 20th. This represents a $0.72 annualized dividend and a dividend yield of 4.07%. Blue Owl Capital’s payout ratio is presently 600.00%.

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.