Ensign Peak Advisors Inc Sells 35,480 Shares of Blue Owl Capital Inc. $OWL

Ensign Peak Advisors Inc lowered its stake in Blue Owl Capital Inc. (NYSE:OWL) by 24.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 107,754 shares of the company’s stock after selling 35,480 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Blue Owl Capital were worth $2,070,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Banque Transatlantique SA acquired a new position in Blue Owl Capital during the 1st quarter worth approximately $31,000. SVB Wealth LLC acquired a new stake in Blue Owl Capital during the 1st quarter valued at $38,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Blue Owl Capital by 58.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock worth $50,000 after buying an additional 916 shares during the period. Safe Harbor Fiduciary LLC bought a new stake in shares of Blue Owl Capital during the first quarter worth approximately $50,000. Finally, MorganRosel Wealth Management LLC bought a new stake in Blue Owl Capital in the 2nd quarter valued at $51,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Blue Owl Capital from $21.50 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Piper Sandler reduced their price objective on Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Blue Owl Capital in a research note on Wednesday, October 8th. BMO Capital Markets started coverage on Blue Owl Capital in a report on Friday, October 3rd. They set an “outperform” rating and a $18.00 price target on the stock. Finally, Citigroup reissued a “market outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Blue Owl Capital Trading Up 2.3%

OWL opened at $14.79 on Friday. Blue Owl Capital Inc. has a 1-year low of $13.25 and a 1-year high of $26.73. The company has a market cap of $23.07 billion, a price-to-earnings ratio of 246.52, a PEG ratio of 1.11 and a beta of 1.12. The company’s fifty day moving average price is $16.00 and its two-hundred day moving average price is $18.02.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%.The business had revenue of $687.00 million during the quarter, compared to the consensus estimate of $685.95 million. As a group, equities analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 10th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend was Monday, November 10th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 1,500.00%.

Blue Owl Capital Company 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.