Blue Owl Capital Inc. (NYSE:OWL) Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. raised its stake in Blue Owl Capital Inc. (NYSE:OWL) by 14.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,047 shares of the company’s stock after purchasing an additional 21,033 shares during the quarter. Baird Financial Group Inc.’s holdings in Blue Owl Capital were worth $3,932,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC increased its stake in Blue Owl Capital by 28.1% during the 4th quarter. FMR LLC now owns 45,241,160 shares of the company’s stock worth $1,052,309,000 after buying an additional 9,917,071 shares during the period. Capital World Investors increased its position in shares of Blue Owl Capital by 14.5% during the fourth quarter. Capital World Investors now owns 77,168,640 shares of the company’s stock worth $1,794,943,000 after acquiring an additional 9,794,102 shares during the last quarter. Norges Bank purchased a new stake in shares of Blue Owl Capital during the fourth quarter worth about $137,118,000. Vanguard Group Inc. boosted its holdings in Blue Owl Capital by 11.7% in the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company’s stock valued at $1,237,581,000 after purchasing an additional 5,558,868 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in Blue Owl Capital by 163.2% in the fourth quarter. Voya Investment Management LLC now owns 5,177,288 shares of the company’s stock valued at $120,424,000 after purchasing an additional 3,209,934 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 have issued reports on the company. Cfra Research raised Blue Owl Capital to a “moderate buy” rating in a research report on Thursday, March 27th. UBS Group cut their price target on shares of Blue Owl Capital from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Evercore ISI raised their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Barclays cut their target price on shares of Blue Owl Capital from $29.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Finally, Citigroup decreased their price target on Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.56.

Blue Owl Capital Trading Down 0.1 %

NYSE:OWL opened at $18.53 on Friday. The firm has a market capitalization of $28.50 billion, a PE ratio of 109.01, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73. The stock has a 50 day moving average of $18.66 and a 200-day moving average of $21.82.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. The company had revenue of $620.19 million during the quarter, compared to analyst estimates of $636.44 million. As a group, analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.86%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, May 14th. Blue Owl Capital’s payout ratio is presently 692.31%.

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.