Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC reduced its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 15.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,870 shares of the company’s stock after selling 18,031 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Blue Owl Capital were worth $2,253,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC boosted its stake in shares of Blue Owl Capital by 29.9% during the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after buying an additional 8,138,475 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Blue Owl Capital by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after buying an additional 1,372,865 shares during the last quarter. State Street Corp boosted its stake in shares of Blue Owl Capital by 5.6% during the 3rd quarter. State Street Corp now owns 8,452,073 shares of the company’s stock valued at $163,632,000 after buying an additional 449,066 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Blue Owl Capital by 14.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock valued at $157,870,000 after buying an additional 1,016,505 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its stake in shares of Blue Owl Capital by 4.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock valued at $130,415,000 after buying an additional 293,221 shares during the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

NYSE OWL opened at $20.39 on Thursday. The stock has a market capitalization of $31.36 billion, a P/E ratio of 119.96, a P/E/G ratio of 1.23 and a beta of 1.19. Blue Owl Capital Inc. has a 1 year low of $15.18 and a 1 year high of $26.73. The business’s fifty day moving average is $23.57 and its two-hundred day moving average is $22.01.

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

Blue Owl Capital Announces Dividend

The company also recently announced 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. This represents a $0.72 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 423.53%.

Analysts Set New Price Targets

Several research firms have recently commented on OWL. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and increased their target price for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Evercore ISI raised their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Oppenheimer raised their target price on Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Citigroup reiterated 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, Wells Fargo & Company cut their target price on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.48.

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.