Price T Rowe Associates Inc. MD Sells 244,986 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Price T Rowe Associates Inc. MD cut its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 7.0% in the 4th quarter, Holdings Channel reports. The firm owned 3,253,673 shares of the company’s stock after selling 244,986 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Blue Owl Capital were worth $75,681,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new stake in Blue Owl Capital during the fourth quarter worth $27,000. Allworth Financial LP lifted its stake in shares of Blue Owl Capital by 43.3% in the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock valued at $36,000 after acquiring an additional 428 shares during the last quarter. Jones Financial Companies Lllp lifted its stake 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 valued at $44,000 after acquiring an additional 1,315 shares during 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 acquiring an additional 1,110 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in shares of Blue Owl Capital by 30.6% in the 4th 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. 35.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OWL has been the subject of a number of research reports. Piper Sandler dropped their price target on 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. Evercore ISI increased their price target on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. TD Cowen upgraded 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. The Goldman Sachs Group downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $25.00 to $24.75 in a report on Monday, January 6th. Finally, Oppenheimer set a $24.00 price objective on Blue Owl Capital and gave the company an “outperform” rating in a report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average price target of $23.79.

Blue Owl Capital Price Performance

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

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, February 6th. The company reported $0.21 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 expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

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

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.