Foster Victor Wealth Advisors LLC cut its stake in Blue Owl Capital Inc. (NYSE:OWL – Free Report) by 33.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 491,922 shares of the company’s stock after selling 246,376 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Blue Owl Capital were worth $11,944,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of OWL. AQR Capital Management LLC acquired a new stake in Blue Owl Capital during the 2nd quarter worth $2,617,000. Dark Forest Capital Management LP purchased a new position in shares of Blue Owl Capital in the second quarter worth about $212,000. The Manufacturers Life Insurance Company boosted its position in Blue Owl Capital by 19.3% during the second quarter. The Manufacturers Life Insurance Company now owns 99,866 shares of the company’s stock worth $1,773,000 after acquiring an additional 16,189 shares during the last quarter. Algert Global LLC purchased a new stake in Blue Owl Capital during the 2nd quarter valued at about $749,000. Finally, Creative Planning raised its holdings in Blue Owl Capital by 25.2% in the 2nd quarter. Creative Planning now owns 50,771 shares of the company’s stock valued at $901,000 after acquiring an additional 10,224 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.
Blue Owl Capital Price Performance
NYSE OWL opened at $25.69 on Wednesday. The company has a market cap of $38.36 billion, a P/E ratio of 151.11, a P/E/G ratio of 1.39 and a beta of 1.14. The stock has a 50-day moving average of $23.88 and a two-hundred day moving average of $21.10. Blue Owl Capital Inc. has a 1-year low of $15.18 and a 1-year high of $26.73.
Blue Owl Capital Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.55%.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. The Goldman Sachs Group cut Blue Owl Capital from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $25.00 to $24.75 in a report on Monday, January 6th. JMP Securities reissued a “market outperform” rating and set a $27.00 price objective on shares of Blue Owl Capital in a research note on Wednesday, December 4th. UBS Group raised their target price on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lowered their price target on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.85.
Check Out Our Latest Stock Report on Blue Owl Capital
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.
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