Ameriprise Financial Inc. Lowers Stake in Blue Owl Capital Inc. (NYSE:OWL)

Ameriprise Financial Inc. cut its stake in Blue Owl Capital Inc. (NYSE:OWL) by 32.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,837,979 shares of the company’s stock after selling 1,361,369 shares during the quarter. Ameriprise Financial Inc.’s holdings in Blue Owl Capital were worth $66,014,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Rothschild Investment LLC raised its holdings in Blue Owl Capital by 316.1% in the fourth quarter. Rothschild Investment LLC now owns 33,955 shares of the company’s stock worth $790,000 after purchasing an additional 25,795 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Blue Owl Capital by 14.7% during the 4th quarter. Arizona State Retirement System now owns 154,708 shares of the company’s stock worth $3,599,000 after acquiring an additional 19,810 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in Blue Owl Capital during the fourth quarter valued at approximately $1,773,000. Charles Schwab Investment Management Inc. boosted 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 valued at $80,179,000 after acquiring an additional 106,485 shares in the last quarter. Finally, Scholtz & Company LLC grew its holdings in Blue Owl Capital by 13.0% in the fourth quarter. Scholtz & Company LLC now owns 153,615 shares of the company’s stock worth $3,573,000 after purchasing an additional 17,685 shares during the last quarter. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Stock Performance

NYSE OWL opened at $18.53 on Friday. The firm has a market capitalization of $28.50 billion, a P/E ratio of 109.01, a PEG ratio of 1.23 and a beta of 1.21. The stock has a 50-day simple moving average of $18.66 and a two-hundred day simple moving average of $21.83. Blue Owl Capital Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $26.73.

Blue Owl Capital (NYSE:OWL) 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). The company had revenue of $620.19 million during the quarter, compared to analyst estimates of $636.44 million. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. As a group, analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.86%. The ex-dividend date is Wednesday, May 14th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.18. Blue Owl Capital’s dividend payout ratio (DPR) is currently 692.31%.

Analysts Set New Price Targets

OWL has been the subject of a number of recent analyst reports. Oppenheimer set a $24.00 price objective on Blue Owl Capital and gave the stock an “outperform” rating in a research report on Wednesday, April 16th. Evercore ISI boosted their price target 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. Piper Sandler lowered their target price 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. Cfra Research upgraded shares of Blue Owl Capital to a “moderate buy” rating in a research note on Thursday, March 27th. Finally, UBS Group lowered their price objective on shares of Blue Owl Capital from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.56.

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.