Price T Rowe Associates Inc. MD Has $75.68 Million Stake in Blue Owl Capital Inc. (NYSE:OWL)

Price T Rowe Associates Inc. MD decreased its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,253,673 shares of the company’s stock after selling 244,986 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.22% of Blue Owl Capital worth $75,681,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new position in Blue Owl Capital during the fourth quarter worth $27,000. Allworth Financial LP boosted its holdings in Blue Owl Capital by 43.3% during the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock worth $36,000 after purchasing an additional 428 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Blue Owl Capital by 232.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock worth $44,000 after purchasing an additional 1,315 shares during the last quarter. Versant Capital Management Inc lifted its stake in Blue Owl Capital by 136.2% in the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after acquiring an additional 1,110 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in Blue Owl Capital by 30.6% in the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock valued at $45,000 after acquiring an additional 450 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 1.4 %

Shares of OWL stock opened at $18.75 on Tuesday. The stock has a market cap of $28.83 billion, a P/E ratio of 110.30, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. The stock has a 50 day simple moving average of $19.23 and a 200 day simple moving average of $22.10. Blue Owl Capital Inc. has a 1 year low of $14.55 and a 1 year high of $26.73.

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

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 423.53%.

Analysts Set New Price Targets

A number of brokerages have commented on OWL. TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and increased their price target for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. JMP Securities cut their price target on shares of Blue Owl Capital from $32.00 to $28.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. Barclays cut their price target on shares of Blue Owl Capital from $29.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, April 7th. The Goldman Sachs Group cut shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and cut their price target for the company from $25.00 to $24.75 in a research note on Monday, January 6th. Finally, Cfra Research raised shares of Blue Owl Capital to a “moderate buy” rating in a research report on Thursday, March 27th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.79.

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.