Blue Owl Capital Inc. (NYSE:OWL) Shares Acquired by First National Trust Co

First National Trust Co lifted its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 33.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 208,283 shares of the company’s stock after purchasing an additional 51,653 shares during the period. First National Trust Co’s holdings in Blue Owl Capital were worth $4,174,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of OWL. Federated Hermes Inc. raised its holdings in shares of Blue Owl Capital by 0.4% during the 1st quarter. Federated Hermes Inc. now owns 6,901,500 shares of the company’s stock worth $138,306,000 after acquiring an additional 24,800 shares during the period. Bearing Point Capital LLC raised its position in shares of Blue Owl Capital by 26.7% during the 1st quarter. Bearing Point Capital LLC now owns 360,916 shares of the company’s stock valued at $7,233,000 after buying an additional 76,051 shares during the period. Cetera Investment Advisers grew its position in Blue Owl Capital by 82.1% in the first quarter. Cetera Investment Advisers now owns 80,612 shares of the company’s stock worth $1,615,000 after acquiring an additional 36,352 shares during the period. Avantax Advisory Services Inc. acquired a new stake in Blue Owl Capital during the first quarter worth $226,000. Finally, Wedbush Securities Inc. increased its stake in Blue Owl Capital by 10.8% during the first quarter. Wedbush Securities Inc. now owns 65,212 shares of the company’s stock worth $1,307,000 after acquiring an additional 6,375 shares during the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Up 0.2%

NYSE:OWL opened at $19.84 on Wednesday. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73. The company has a fifty day simple moving average of $19.20 and a two-hundred day simple moving average of $20.19. The company has a market cap of $30.52 billion, a price-to-earnings ratio of 152.66, a price-to-earnings-growth ratio of 1.36 and a beta of 1.17.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Blue Owl Capital had a net margin of 3.73% and a return on equity of 19.74%. The company had revenue of $620.19 million during the quarter, compared to analysts’ expectations of $636.44 million. On average, analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend was Wednesday, May 14th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.18. Blue Owl Capital’s dividend payout ratio (DPR) is presently 692.31%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on OWL. UBS Group decreased their price target on Blue Owl Capital from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. JMP Securities decreased 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. Evercore ISI increased their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Wells Fargo & Company upped their price target on Blue Owl Capital from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday, May 23rd. Finally, Barclays raised their price target on Blue Owl Capital from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.02.

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.