US Bancorp DE Has $296,000 Position in Blue Owl Capital Inc. (NYSE:OWL)

US Bancorp DE lowered its position in Blue Owl Capital Inc. (NYSE:OWL) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,731 shares of the company’s stock after selling 605 shares during the period. US Bancorp DE’s holdings in Blue Owl Capital were worth $296,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in OWL. FMR LLC grew its holdings in Blue Owl Capital by 29.9% during the third quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after purchasing an additional 8,138,475 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Blue Owl Capital by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after purchasing an additional 1,372,865 shares during the last quarter. Geode Capital Management LLC grew its holdings in Blue Owl Capital by 14.2% during the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock valued at $157,870,000 after purchasing an additional 1,016,505 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Blue Owl Capital during the fourth quarter valued at approximately $23,513,000. Finally, HighTower Advisors LLC grew its holdings in Blue Owl Capital by 29.1% during the third quarter. HighTower Advisors LLC now owns 3,599,852 shares of the company’s stock valued at $69,690,000 after purchasing an additional 811,334 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

OWL opened at $18.42 on Friday. Blue Owl Capital Inc. has a fifty-two week low of $15.18 and a fifty-two week high of $26.73. The firm’s fifty day moving average price is $23.03 and its two-hundred day moving average price is $22.04. The company has a market capitalization of $28.32 billion, a P/E ratio of 108.33, a P/E/G ratio of 1.23 and a beta of 1.19.

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

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.91%. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

Analyst Upgrades and Downgrades

Several brokerages have commented on OWL. Piper Sandler increased their price target on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Barclays assumed coverage on Blue Owl Capital in a report on Monday, February 24th. They set an “overweight” rating and a $29.00 price target on the stock. The Goldman Sachs Group cut Blue Owl Capital from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $25.00 to $24.75 in a research report on Monday, January 6th. Keefe, Bruyette & Woods increased their price objective on Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Finally, Evercore ISI increased their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average target price of $26.48.

About Blue Owl Capital

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.