Vanguard Group Inc. Increases Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Vanguard Group Inc. raised its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,206,392 shares of the company’s stock after purchasing an additional 5,558,868 shares during the quarter. Vanguard Group Inc. owned approximately 3.56% of Blue Owl Capital worth $1,237,581,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in OWL. Rakuten Securities Inc. purchased a new position in shares of Blue Owl Capital during the fourth quarter valued at about $27,000. Allworth Financial LP grew its holdings in shares of Blue Owl Capital by 43.3% during the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock worth $36,000 after acquiring an additional 428 shares during the period. Jones Financial Companies Lllp raised its position in shares of Blue Owl Capital by 232.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock worth $44,000 after acquiring an additional 1,315 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Blue Owl Capital by 136.2% in the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after purchasing an additional 1,110 shares during the period. Finally, Principal Securities Inc. boosted its position in shares of Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock valued at $45,000 after purchasing an additional 450 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $20.44 on Friday. Blue Owl Capital Inc. has a one year low of $15.18 and a one year high of $26.73. The business’s fifty day moving average is $22.54 and its 200 day moving average is $22.28. The stock has a market capitalization of $31.43 billion, a PE ratio of 120.21, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. As a group, sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital’s payout ratio is currently 423.53%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Citigroup reissued a “buy” rating and set a $30.00 price objective on shares of Blue Owl Capital in a research report on Thursday, January 23rd. Oppenheimer upped their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and lifted their target price for the company from $26.00 to $28.00 in a report on Thursday, January 16th. The Goldman Sachs Group downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods lifted their price objective on Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.

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.