Diversify Wealth Management LLC boosted its position in shares of Blue Owl Capital Inc. (NYSE:OWL – Free Report) by 86.3% in the first quarter, Holdings Channel reports. The firm owned 456,458 shares of the company’s stock after purchasing an additional 211,419 shares during the period. Diversify Wealth Management LLC’s holdings in Blue Owl Capital were worth $4,053,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Capital World Investors raised its holdings in Blue Owl Capital by 5.9% in the fourth quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock worth $1,348,272,000 after purchasing an additional 5,029,134 shares during the period. Vanguard Group Inc. grew its holdings in shares of Blue Owl Capital by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 68,608,868 shares of the company’s stock valued at $1,025,016,000 after buying an additional 691,980 shares during the period. Capital International Investors grew its holdings in shares of Blue Owl Capital by 4.3% in the 4th quarter. Capital International Investors now owns 65,402,615 shares of the company’s stock valued at $977,118,000 after buying an additional 2,676,281 shares during the period. Bank of America Corp DE grew its holdings in shares of Blue Owl Capital by 8.4% in the 3rd quarter. Bank of America Corp DE now owns 22,563,953 shares of the company’s stock valued at $382,008,000 after buying an additional 1,751,024 shares during the period. Finally, Boston Partners increased its position in shares of Blue Owl Capital by 16.2% in the 4th quarter. Boston Partners now owns 14,123,877 shares of the company’s stock valued at $211,270,000 after buying an additional 1,970,101 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.
Blue Owl Capital Trading Up 0.1%
OWL opened at $9.37 on Monday. The stock has a market capitalization of $14.56 billion, a P/E ratio of 78.05, a P/E/G ratio of 1.01 and a beta of 1.22. Blue Owl Capital Inc. has a 12 month low of $7.95 and a 12 month high of $21.08. The firm’s fifty day simple moving average is $9.62 and its 200 day simple moving average is $10.97.
Blue Owl Capital Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.8%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, May 13th. Blue Owl Capital’s dividend payout ratio is presently 766.67%.
Wall Street Analyst Weigh In
Several analysts recently commented on OWL shares. Citigroup reaffirmed a “market outperform” rating on shares of Blue Owl Capital in a research note on Thursday. UBS Group reaffirmed a “neutral” rating and set a $9.50 price target on shares of Blue Owl Capital in a research report on Thursday, June 11th. Oppenheimer cut their price objective on Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. JPMorgan Chase & Co. decreased their price objective on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Finally, Barclays lowered their target price on Blue Owl Capital from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.37.
View Our Latest Stock Report on Blue Owl Capital
Blue Owl Capital Company Profile
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.
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