The Manufacturers Life Insurance Company Lowers Holdings in Blue Owl Capital Inc. (NYSE:OWL)

The Manufacturers Life Insurance Company reduced its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,071 shares of the company’s stock after selling 7,206 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Blue Owl Capital were worth $2,490,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of OWL. Rakuten Securities Inc. purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at approximately $27,000. Allworth Financial LP raised its position in shares of Blue Owl Capital by 43.3% in the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock worth $36,000 after acquiring an additional 428 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Blue Owl Capital by 232.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock worth $44,000 after acquiring an additional 1,315 shares in the last quarter. Principal Securities Inc. grew its position in shares of 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 acquiring an additional 450 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Blue Owl Capital by 182.2% in the 4th quarter. Blue Trust Inc. now owns 2,029 shares of the company’s stock valued at $47,000 after purchasing an additional 1,310 shares in the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OWL. Barclays lowered their price target on Blue Owl Capital from $29.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, April 7th. Evercore ISI boosted their price target 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. Oppenheimer set a $24.00 target price on shares of Blue Owl Capital and gave the stock an “outperform” rating in a research note on Wednesday, April 16th. TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and upped their price target for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. Finally, Piper Sandler lowered their price objective on Blue Owl Capital from $27.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.56.

Blue Owl Capital Trading Down 0.1 %

NYSE:OWL opened at $18.53 on Friday. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73. The firm has a market cap 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. The stock has a fifty day moving average price of $18.66 and a 200 day moving average price of $21.82.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The company had revenue of $620.19 million for the quarter, compared to analyst estimates of $636.44 million. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. Equities analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

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

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.