Boston Partners Has $398.40 Million Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Boston Partners lowered its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,041,880 shares of the company’s stock after selling 149,125 shares during the quarter. Boston Partners owned about 1.14% of Blue Owl Capital worth $398,395,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Global Retirement Partners LLC raised its stake in Blue Owl Capital by 1.6% during the 4th quarter. Global Retirement Partners LLC now owns 25,499 shares of the company’s stock valued at $593,000 after purchasing an additional 413 shares during the last quarter. Dynasty Wealth Management LLC raised its stake in Blue Owl Capital by 0.5% during the 4th quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company’s stock valued at $1,828,000 after purchasing an additional 417 shares during the last quarter. Allworth Financial LP raised its stake in Blue Owl Capital by 43.3% during the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock valued at $36,000 after purchasing an additional 428 shares during the last quarter. Kovitz Investment Group Partners LLC raised its stake in Blue Owl Capital by 1.4% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock valued at $622,000 after purchasing an additional 443 shares during the last quarter. Finally, Principal Securities Inc. raised its stake in Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock valued at $45,000 after purchasing an additional 450 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $19.90 on Tuesday. The stock has a fifty day moving average price of $22.86 and a two-hundred day moving average price of $22.14. Blue Owl Capital Inc. has a 52-week low of $15.18 and a 52-week high of $26.73. The firm has a market capitalization of $30.60 billion, a P/E ratio of 117.04, a P/E/G ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, equities research analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital’s payout ratio is presently 423.53%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Oppenheimer boosted their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Barclays began coverage on Blue Owl Capital in a research note on Monday, February 24th. They issued an “overweight” rating and a $29.00 target price for the company. Evercore ISI upped their target price on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Citigroup restated a “buy” rating and issued a $30.00 target price on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Finally, TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and upped their target price for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average price target of $26.48.

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.