Bessemer Group Inc. Sells 3,731 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Bessemer Group Inc. lessened its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 46.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,376 shares of the company’s stock after selling 3,731 shares during the period. Bessemer Group Inc.’s holdings in Blue Owl Capital were worth $102,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. FMR LLC raised its position in Blue Owl Capital by 28.1% in the 4th quarter. FMR LLC now owns 45,241,160 shares of the company’s stock worth $1,052,309,000 after purchasing an additional 9,917,071 shares during the last quarter. Norges Bank bought a new stake in shares of Blue Owl Capital during the fourth quarter worth $137,118,000. Vanguard Group Inc. lifted its stake in shares of Blue Owl Capital by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company’s stock valued at $1,237,581,000 after acquiring an additional 5,558,868 shares during the period. JPMorgan Chase & Co. boosted its holdings in Blue Owl Capital by 17.9% in the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after acquiring an additional 1,372,865 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in Blue Owl Capital by 23.8% during the 4th quarter. Federated Hermes Inc. now owns 6,876,700 shares of the company’s stock worth $159,952,000 after purchasing an additional 1,322,800 shares during the last quarter. 35.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. JMP Securities cut their price objective on shares of Blue Owl Capital from $32.00 to $28.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods raised their price target on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. The Goldman Sachs Group downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $24.75 in a report on Monday, January 6th. Piper Sandler reduced their target price on Blue Owl Capital from $27.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, Barclays lowered their price target on Blue Owl Capital from $29.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, April 7th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.79.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $17.11 on Thursday. The firm has a market cap of $26.31 billion, a PE ratio of 100.65, a P/E/G ratio of 1.23 and a beta of 1.20. The business’s 50 day simple moving average is $20.20 and its 200 day simple moving average is $22.22. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data 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 research analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.18 per share. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.21%. Blue Owl Capital’s dividend payout ratio is 423.53%.

About Blue Owl Capital

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.