KBC Group NV Sells 7,925 Shares of Blue Owl Capital Inc. $OWL

KBC Group NV reduced its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 33.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 16,046 shares of the company’s stock after selling 7,925 shares during the quarter. KBC Group NV’s holdings in Blue Owl Capital were worth $308,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Blue Owl Capital by 13.5% during the 1st quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company’s stock valued at $1,210,674,000 after acquiring an additional 7,206,495 shares during the last quarter. Ceredex Value Advisors LLC boosted its position in Blue Owl Capital by 167.1% during the first quarter. Ceredex Value Advisors LLC now owns 3,259,655 shares of the company’s stock worth $65,323,000 after purchasing an additional 2,039,355 shares during the period. Select Equity Group L.P. acquired a new position in Blue Owl Capital during the first quarter valued at approximately $38,810,000. HMI Capital Management L.P. bought a new position in shares of Blue Owl Capital in the first quarter valued at approximately $30,343,000. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of Blue Owl Capital by 513.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,576,490 shares of the company’s stock worth $30,284,000 after buying an additional 1,319,350 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on OWL shares. BMO Capital Markets initiated coverage on shares of Blue Owl Capital in a report on Friday, October 3rd. They issued an “outperform” rating and a $18.00 target price on the stock. The Goldman Sachs Group lowered their price target on Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Citigroup reissued a “market outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, October 21st. Raymond James Financial assumed coverage on Blue Owl Capital in a research note on Monday, July 28th. They set a “market perform” rating for the company. Finally, Evercore ISI dropped their price target on Blue Owl Capital from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Blue Owl Capital Stock Performance

NYSE OWL opened at $13.80 on Tuesday. Blue Owl Capital Inc. has a twelve month low of $13.35 and a twelve month high of $26.73. The stock has a market cap of $21.53 billion, a PE ratio of 230.11, a PEG ratio of 1.09 and a beta of 1.12. The firm has a 50-day simple moving average of $16.70 and a 200 day simple moving average of $18.25.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%.The firm had revenue of $687.00 million during the quarter, compared to analysts’ expectations of $685.95 million. Research analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Monday, November 10th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Monday, November 10th. Blue Owl Capital’s dividend payout ratio (DPR) is 1,500.00%.

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.