Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its stake in Blue Owl Capital Inc. (NYSE:OWL) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,003,659 shares of the company’s stock after selling 2,252 shares during the quarter. Truist Financial Corp owned approximately 0.07% of Blue Owl Capital worth $23,345,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of OWL. Creative Planning grew its position in shares of Blue Owl Capital by 4.1% in the third quarter. Creative Planning now owns 52,847 shares of the company’s stock valued at $1,023,000 after purchasing an additional 2,076 shares during the period. Raymond James & Associates boosted its position in Blue Owl Capital by 41.8% during the third quarter. Raymond James & Associates now owns 308,465 shares of the company’s stock worth $5,972,000 after acquiring an additional 90,998 shares during the last quarter. OLD National Bancorp IN acquired a new position in Blue Owl Capital during the third quarter worth about $254,000. Signaturefd LLC boosted its position in Blue Owl Capital by 19.3% during the third quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock worth $177,000 after acquiring an additional 1,476 shares during the last quarter. Finally, Stanley Laman Group Ltd. boosted its position in Blue Owl Capital by 3.0% during the third quarter. Stanley Laman Group Ltd. now owns 265,944 shares of the company’s stock worth $5,149,000 after acquiring an additional 7,634 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on OWL shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and boosted their price target for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. Piper Sandler boosted their price target on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Wells Fargo & Company lowered their price target on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Finally, JMP Securities restated a “market outperform” rating and set a $32.00 price target (up from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.27.

Blue Owl Capital Price Performance

NYSE:OWL opened at $24.00 on Thursday. The firm has a market capitalization of $35.84 billion, a price-to-earnings ratio of 141.16, a PEG ratio of 1.27 and a beta of 1.15. The company’s 50-day moving average is $24.09 and its two-hundred day moving average is $21.71. Blue Owl Capital Inc. has a 1-year low of $15.18 and a 1-year high of $26.73.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. As a group, equities analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio (DPR) is 423.55%.

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.