Comerica Bank reduced its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 18.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,215,909 shares of the company's stock after selling 271,785 shares during the quarter. Comerica Bank owned 0.08% of Blue Owl Capital worth $28,282,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. Rothschild Investment LLC grew its stake in Blue Owl Capital by 316.1% in the 4th quarter. Rothschild Investment LLC now owns 33,955 shares of the company's stock worth $790,000 after acquiring an additional 25,795 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Blue Owl Capital by 17.9% in the 3rd 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 in the last quarter. Arizona State Retirement System lifted its position in shares of Blue Owl Capital by 14.7% in the 4th quarter. Arizona State Retirement System now owns 154,708 shares of the company's stock worth $3,599,000 after purchasing an additional 19,810 shares during the period. Princeton Global Asset Management LLC bought a new position in shares of Blue Owl Capital during the fourth quarter valued at approximately $1,773,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Blue Owl Capital by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company's stock worth $80,179,000 after buying an additional 106,485 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.
Blue Owl Capital Price Performance
OWL stock traded down $0.21 during trading on Tuesday, hitting $18.26. 1,884,259 shares of the company traded hands, compared to its average volume of 6,774,687. Blue Owl Capital Inc. has a 1 year low of $14.55 and a 1 year high of $26.73. The company has a market cap of $28.07 billion, a PE ratio of 107.33, a P/E/G ratio of 1.23 and a beta of 1.21. The stock's 50-day simple moving average is $18.87 and its 200 day simple moving average is $21.95.
Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. The firm had revenue of $620.19 million for the quarter, compared to analysts' expectations of $636.44 million. Research analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.
Blue Owl Capital Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a $0.225 dividend. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a yield of 4.93%. Blue Owl Capital's dividend payout ratio is presently 692.31%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on OWL shares. Wells Fargo & Company boosted their price target on Blue Owl Capital from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Friday. Piper Sandler reduced their price objective on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Citigroup lowered their target price on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. UBS Group decreased their price objective on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Evercore ISI boosted their target price on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.56.
Get Our Latest Stock Report on Blue Owl Capital
Blue Owl Capital Profile
(
Free Report)
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.
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