Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN trimmed its stake in Blue Owl Capital Inc. (NYSE:OWL) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,541,991 shares of the company’s stock after selling 34,483 shares during the period. Wells Fargo & Company MN’s holdings in Blue Owl Capital were worth $35,867,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rothschild Investment LLC grew its holdings in shares of Blue Owl Capital by 316.1% during the fourth quarter. Rothschild Investment LLC now owns 33,955 shares of the company’s stock worth $790,000 after purchasing an additional 25,795 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Blue Owl Capital by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock worth $174,829,000 after buying an additional 1,372,865 shares during the last quarter. Arizona State Retirement System increased its position in Blue Owl Capital by 14.7% during the fourth quarter. Arizona State Retirement System now owns 154,708 shares of the company’s stock worth $3,599,000 after buying an additional 19,810 shares during the period. Princeton Global Asset Management LLC purchased a new stake in Blue Owl Capital in the fourth quarter valued at approximately $1,773,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Blue Owl Capital by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company’s stock valued at $80,179,000 after acquiring an additional 106,485 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Oppenheimer upped their price target on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. JMP Securities reduced their target price on shares of Blue Owl Capital from $32.00 to $28.00 and set a “market outperform” rating for the company in a report on Tuesday. Wells Fargo & Company dropped their price target on Blue Owl Capital from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Evercore ISI increased their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Finally, TD Cowen raised Blue Owl Capital from a “hold” rating to a “buy” rating and boosted their target price for the company from $26.00 to $28.00 in a report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.10.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $17.21 on Friday. The firm’s 50-day moving average is $20.78 and its two-hundred day moving average is $22.30. The stock has a market capitalization of $26.46 billion, a P/E ratio of 101.21, a P/E/G ratio of 1.23 and a beta of 1.20. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 annualized dividend and a yield of 4.18%. Blue Owl Capital’s dividend payout ratio is presently 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.