Wealthfront Advisers LLC Has $2.64 Million Stock Holdings in Blue Owl Capital Inc. $OWL

Wealthfront Advisers LLC boosted its stake in Blue Owl Capital Inc. (NYSE:OWL) by 258.8% in the first quarter, Holdings Channel reports. The institutional investor owned 288,826 shares of the company’s stock after acquiring an additional 208,331 shares during the quarter. Wealthfront Advisers LLC’s holdings in Blue Owl Capital were worth $2,637,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Capital World Investors grew its holdings in shares of Blue Owl Capital by 5.9% during the 4th quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock valued at $1,348,272,000 after acquiring an additional 5,029,134 shares in the last quarter. Vanguard Group Inc. boosted its position in Blue Owl Capital by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 68,608,868 shares of the company’s stock valued at $1,025,016,000 after purchasing an additional 691,980 shares during the last quarter. Capital International Investors boosted its position in Blue Owl Capital by 4.3% during the fourth quarter. Capital International Investors now owns 65,402,615 shares of the company’s stock valued at $977,118,000 after purchasing an additional 2,676,281 shares during the last quarter. Bank of America Corp DE grew its stake in Blue Owl Capital by 8.4% in the third quarter. Bank of America Corp DE now owns 22,563,953 shares of the company’s stock valued at $382,008,000 after purchasing an additional 1,751,024 shares in the last quarter. Finally, Boston Partners grew its stake in Blue Owl Capital by 16.2% in the fourth quarter. Boston Partners now owns 14,123,877 shares of the company’s stock valued at $211,270,000 after purchasing an additional 1,970,101 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on OWL shares. Oppenheimer cut their price target on Blue Owl Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday. JPMorgan Chase & Co. lowered their price target on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Citigroup restated a “market outperform” rating on shares of Blue Owl Capital in a report on Thursday, July 9th. BMO Capital Markets reduced their target price on shares of Blue Owl Capital from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Finally, UBS Group reiterated a “neutral” rating and issued a $9.50 target price on shares of Blue Owl Capital in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus price target of $13.16.

Blue Owl Capital Price Performance

Shares of OWL opened at $9.38 on Tuesday. The company has a market capitalization of $14.57 billion, a PE ratio of 78.12, a price-to-earnings-growth ratio of 1.03 and a beta of 1.22. Blue Owl Capital Inc. has a one year low of $7.95 and a one year high of $20.90. The company’s fifty day moving average price is $9.53 and its 200 day moving average price is $10.72.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $699.88 million during the quarter, compared to analysts’ expectations of $687.23 million. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. Analysts anticipate that Blue Owl Capital Inc. will post 0.87 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 9.8%. The ex-dividend date was Wednesday, May 13th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s dividend payout ratio is currently 766.67%.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.