Massachusetts Financial Services Co. MA Takes $17.91 Million Position in Blue Owl Capital Inc. (NYSE:OWL)

Massachusetts Financial Services Co. MA bought a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,009,014 shares of the company’s stock, valued at approximately $17,910,000. Massachusetts Financial Services Co. MA owned about 0.07% of Blue Owl Capital as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Kinetic Partners Management LP purchased a new position in Blue Owl Capital during the 1st quarter worth $69,600,000. Capital International Investors boosted its holdings in Blue Owl Capital by 12.0% during the fourth quarter. Capital International Investors now owns 33,177,641 shares of the company’s stock worth $494,347,000 after purchasing an additional 3,565,657 shares during the last quarter. State of New Jersey Common Pension Fund A bought a new stake in Blue Owl Capital in the 2nd quarter worth about $63,115,000. Balyasny Asset Management L.P. purchased a new stake in Blue Owl Capital in the 4th quarter valued at about $46,030,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Blue Owl Capital during the 1st quarter worth approximately $48,517,000. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

NYSE:OWL opened at $18.78 on Friday. Blue Owl Capital Inc. has a 1 year low of $12.11 and a 1 year high of $20.13. The stock’s fifty day moving average price is $17.76 and its two-hundred day moving average price is $18.03. The company has a market cap of $26.83 billion, a P/E ratio of 156.92, a P/E/G ratio of 1.07 and a beta of 1.17.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The business had revenue of $549.85 million for the quarter, compared to analysts’ expectations of $507.22 million. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. During the same quarter in the prior year, the firm posted $0.16 EPS. On average, analysts expect that Blue Owl Capital Inc. will post 0.79 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were given a $0.18 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.83%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 600.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OWL. Deutsche Bank Aktiengesellschaft decreased their price target on Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Wells Fargo & Company began coverage on shares of Blue Owl Capital in a research report on Thursday, September 12th. They set an “equal weight” rating and a $18.50 price target for the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.50 price objective on shares of Blue Owl Capital in a research report on Thursday, June 13th. Oppenheimer raised shares of Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research report on Friday, August 2nd. Finally, TD Cowen reaffirmed a “hold” rating and issued a $19.00 price target (down previously from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average target price of $20.10.

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.