Cary Street Partners Financial LLC Invests $4.29 Million in Blue Owl Capital Inc. (NYSE:OWL)

Cary Street Partners Financial LLC purchased a new position in Blue Owl Capital Inc. (NYSE:OWL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 184,444 shares of the company’s stock, valued at approximately $4,290,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of Blue Owl Capital by 13.7% during the third quarter. Barclays PLC now owns 1,571,806 shares of the company’s stock worth $30,430,000 after acquiring an additional 189,082 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Blue Owl Capital in the third quarter worth approximately $138,000. Franklin Resources Inc. increased its holdings in Blue Owl Capital by 12.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,818,874 shares of the company’s stock worth $54,573,000 after purchasing an additional 311,385 shares during the period. Versant Capital Management Inc raised its position in Blue Owl Capital by 136.2% during the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Wedmont Private Capital bought a new position in shares of Blue Owl Capital during the 4th quarter worth $204,000. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Up 0.2 %

OWL stock opened at $18.44 on Tuesday. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73. The stock has a market capitalization of $28.36 billion, a PE ratio of 108.48, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21. The firm has a 50 day moving average of $18.87 and a 200 day moving average of $21.95.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.17 earnings per share 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 analysts’ expectations of $636.44 million. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. On average, equities research analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a dividend of $0.225 per share. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.88%. Blue Owl Capital’s payout ratio is 692.31%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on OWL shares. Citigroup lowered their price objective on shares of Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group downgraded shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $24.75 in a research note on Monday, January 6th. Piper Sandler reduced their price objective on shares of Blue Owl Capital from $27.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. JMP Securities dropped their target price on Blue Owl Capital from $32.00 to $28.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. Finally, Barclays reduced their price target on Blue Owl Capital from $29.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus target price of $23.56.

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.