Blue Owl Capital Inc. $OWL Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its holdings in Blue Owl Capital Inc. (NYSE:OWLFree Report) by 82.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 189,226 shares of the company’s stock after selling 872,988 shares during the quarter. Truist Financial Corp’s holdings in Blue Owl Capital were worth $2,827,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Avidian Wealth Enterprises LLC acquired a new position in shares of Blue Owl Capital in the fourth quarter worth about $227,000. Benjamin Edwards Inc. raised its stake in Blue Owl Capital by 115.8% during the fourth quarter. Benjamin Edwards Inc. now owns 31,893 shares of the company’s stock valued at $476,000 after buying an additional 17,117 shares in the last quarter. Signature Wealth Management Partners LLC acquired a new stake in Blue Owl Capital during the fourth quarter valued at approximately $248,000. Composition Wealth LLC raised its stake in Blue Owl Capital by 31.8% during the fourth quarter. Composition Wealth LLC now owns 25,154 shares of the company’s stock valued at $376,000 after buying an additional 6,063 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC acquired a new stake in Blue Owl Capital during the fourth quarter valued at approximately $567,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

OWL has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut Blue Owl Capital from a “buy” rating to a “hold” rating and cut their price objective for the company from $15.00 to $10.00 in a research note on Tuesday, February 24th. Citigroup restated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, January 27th. JPMorgan Chase & Co. cut their price objective on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Weiss Ratings restated a “hold (c)” rating on shares of Blue Owl Capital in a research note on Wednesday, January 21st. Finally, UBS Group upped their price objective on Blue Owl Capital from $9.00 to $9.50 and gave the company a “neutral” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus price target of $15.03.

Check Out Our Latest Stock Report on OWL

Blue Owl Capital Trading Down 0.8%

NYSE:OWL opened at $10.00 on Wednesday. The firm has a market capitalization of $15.54 billion, a PE ratio of 83.29, a price-to-earnings-growth ratio of 1.06 and a beta of 1.19. The stock has a 50 day moving average of $9.34 and a 200-day moving average of $12.75. Blue Owl Capital Inc. has a 52 week low of $7.95 and a 52 week high of $21.08.

Blue Owl Capital (NYSE:OWLGet Free Report) last posted its earnings results on Thursday, April 30th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $699.88 million during the quarter, compared to analyst estimates of $687.23 million. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%. As a group, analysts predict that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 9.2%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, May 13th. Blue Owl Capital’s dividend payout ratio is currently 750.00%.

Blue Owl Capital Company Profile

(Free Report)

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.

Further Reading

Institutional Ownership by Quarter for Blue Owl Capital (NYSE:OWL)

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