Boston Partners Sells 32,058 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Boston Partners cut its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 5.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 529,092 shares of the company’s stock after selling 32,058 shares during the quarter. Boston Partners’ holdings in Blue Owl Capital were worth $6,165,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Capital World Investors increased its stake in Blue Owl Capital by 3.4% during the 1st quarter. Capital World Investors now owns 40,767,463 shares of the company’s stock valued at $516,931,000 after purchasing an additional 1,349,425 shares in the last quarter. Vanguard Group Inc. raised its holdings in Blue Owl Capital by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 35,764,807 shares of the company’s stock worth $330,110,000 after acquiring an additional 110,379 shares during the last quarter. Capital International Investors lifted its position in Blue Owl Capital by 0.8% in the 1st quarter. Capital International Investors now owns 23,119,460 shares of the company’s stock valued at $293,155,000 after acquiring an additional 183,098 shares in the last quarter. BlackRock Inc. boosted its stake in Blue Owl Capital by 1.4% during the 1st quarter. BlackRock Inc. now owns 15,301,223 shares of the company’s stock valued at $169,538,000 after purchasing an additional 204,662 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Blue Owl Capital by 6.3% in the first quarter. State Street Corp now owns 6,001,428 shares of the company’s stock worth $66,496,000 after purchasing an additional 356,507 shares during the last quarter. Hedge funds and other institutional investors own 29.11% of the company’s stock.

Blue Owl Capital Stock Up 0.8 %

NYSE OWL opened at $13.70 on Tuesday. The business has a 50-day moving average price of $12.94 and a 200-day moving average price of $11.87. The firm has a market cap of $19.30 billion, a price-to-earnings ratio of 195.71, a price-to-earnings-growth ratio of 0.96 and a beta of 1.21. Blue Owl Capital Inc. has a twelve month low of $9.70 and a twelve month high of $14.04.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Monday, November 20th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, November 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.09%. Blue Owl Capital’s dividend payout ratio is 800.00%.

Analysts Set New Price Targets

A number of brokerages have weighed in on OWL. Citigroup boosted their target price on Blue Owl Capital from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, October 6th. Oppenheimer downgraded shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Monday, October 9th. They noted that the move was a valuation call. Wolfe Research started coverage on shares of Blue Owl Capital in a research report on Wednesday, October 4th. They issued an “outperform” rating and a $16.00 target price for the company. JMP Securities lowered their price target on Blue Owl Capital from $19.00 to $18.00 and set an “outperform” rating on the stock in a report on Wednesday, August 2nd. Finally, UBS Group restated a “neutral” rating and issued a $14.00 price target (down from $15.00) on shares of Blue Owl Capital in a research note on Friday, October 20th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.83.

About Blue Owl Capital

Blue Owl Capital Inc operates as an asset manager. It offers permanent capital base solutions that enables it to offer a holistic platform to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. The company provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; GP capital solutions products, which offers capital solutions, including GP minority equity investments, GP debt financing, and professional sports minority investments to large private capital managers; and real estate products that focuses on structuring sale-leaseback transactions, which includes triple net leases.