Boston Partners Sells 149,125 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Boston Partners decreased its position in Blue Owl Capital Inc. (NYSE:OWL) by 0.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 17,041,880 shares of the company’s stock after selling 149,125 shares during the quarter. Boston Partners’ holdings in Blue Owl Capital were worth $398,395,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in OWL. Atria Investments Inc boosted its holdings in Blue Owl Capital by 48.2% in the third quarter. Atria Investments Inc now owns 16,222 shares of the company’s stock valued at $314,000 after acquiring an additional 5,275 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Blue Owl Capital by 681.2% in the third quarter. Victory Capital Management Inc. now owns 649,463 shares of the company’s stock valued at $12,574,000 after acquiring an additional 566,325 shares during the last quarter. KBC Group NV boosted its holdings in Blue Owl Capital by 40.1% in the third quarter. KBC Group NV now owns 13,487 shares of the company’s stock valued at $261,000 after acquiring an additional 3,859 shares during the last quarter. Natixis Advisors LLC boosted its holdings in Blue Owl Capital by 6.8% in the third quarter. Natixis Advisors LLC now owns 246,878 shares of the company’s stock valued at $4,780,000 after acquiring an additional 15,701 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Blue Owl Capital by 10.9% in the third quarter. Swiss National Bank now owns 914,500 shares of the company’s stock valued at $17,705,000 after acquiring an additional 90,100 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OWL. Wells Fargo & Company reduced their target price on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Evercore ISI raised their target price on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Piper Sandler raised their target price on Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. JMP Securities restated a “market outperform” rating and set a $32.00 target price (up previously from $30.00) on shares of Blue Owl Capital in a report on Friday, February 7th. Finally, TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and raised their target price for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $26.48.

Blue Owl Capital Price Performance

NYSE OWL opened at $19.90 on Tuesday. The stock’s 50-day moving average is $22.86 and its 200-day moving average is $22.14. Blue Owl Capital Inc. has a one year low of $15.18 and a one year high of $26.73. The firm has a market cap of $30.60 billion, a P/E ratio of 117.04, a P/E/G ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last announced its 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 return on equity of 20.82% and a net margin of 4.77%. Equities analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio (DPR) is 423.53%.

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.