Blue Trust Inc. Grows Position in Blue Owl Capital Inc. (NYSE:OWL)

Blue Trust Inc. grew its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 182.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,029 shares of the company’s stock after acquiring an additional 1,310 shares during the quarter. Blue Trust Inc.’s holdings in Blue Owl Capital were worth $47,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of OWL. Kovitz Investment Group Partners LLC lifted its position in shares of Blue Owl Capital by 1.4% during the third quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock valued at $622,000 after purchasing an additional 443 shares in the last quarter. Miracle Mile Advisors LLC increased its stake in Blue Owl Capital by 4.1% in the 4th quarter. Miracle Mile Advisors LLC now owns 12,289 shares of the company’s stock valued at $286,000 after buying an additional 479 shares during the last quarter. King Luther Capital Management Corp lifted its position in shares of Blue Owl Capital by 0.6% during the 3rd quarter. King Luther Capital Management Corp now owns 79,919 shares of the company’s stock worth $1,547,000 after buying an additional 485 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in shares of Blue Owl Capital by 1.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company’s stock worth $1,009,000 after buying an additional 565 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Blue Owl Capital by 0.6% in the third quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company’s stock valued at $1,851,000 after acquiring an additional 575 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on OWL shares. Barclays began coverage on Blue Owl Capital in a report on Monday. They set an “overweight” rating and a $29.00 price target on the stock. Oppenheimer lifted their target price on Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Evercore ISI increased their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. JMP Securities reaffirmed a “market outperform” rating and issued a $32.00 price objective (up previously from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Finally, The Goldman Sachs Group cut shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and dropped their target price for the company from $25.00 to $24.75 in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.48.

Blue Owl Capital Stock Performance

Shares of OWL opened at $21.68 on Thursday. Blue Owl Capital Inc. has a 52-week low of $15.18 and a 52-week high of $26.73. The stock’s 50-day simple moving average is $23.87 and its 200 day simple moving average is $21.90. The stock has a market capitalization of $32.38 billion, a price-to-earnings ratio of 127.54, a price-to-earnings-growth ratio of 1.23 and a beta of 1.15.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. On average, research analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.32%. Blue Owl Capital’s dividend payout ratio is 423.53%.

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.