Westwood Holdings Group Inc. Purchases 19,306 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Westwood Holdings Group Inc. boosted its position in Blue Owl Capital Inc. (NYSE:OWL) by 2.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 997,805 shares of the company’s stock after buying an additional 19,306 shares during the period. Westwood Holdings Group Inc. owned approximately 0.07% of Blue Owl Capital worth $17,711,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in shares of Blue Owl Capital by 744.2% in the 4th quarter. Principal Financial Group Inc. now owns 326,718 shares of the company’s stock worth $4,868,000 after buying an additional 288,015 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Blue Owl Capital by 47.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 23,938 shares of the company’s stock worth $357,000 after purchasing an additional 7,696 shares during the period. Norges Bank bought a new stake in shares of Blue Owl Capital in the 4th quarter worth approximately $10,271,000. PNC Financial Services Group Inc. raised its holdings in shares of Blue Owl Capital by 24.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 68,142 shares of the company’s stock worth $1,015,000 after purchasing an additional 13,291 shares during the period. Finally, UBS Group AG raised its holdings in shares of Blue Owl Capital by 205.0% in the 4th quarter. UBS Group AG now owns 758,730 shares of the company’s stock worth $11,305,000 after purchasing an additional 509,950 shares during the period. 35.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. UBS Group lowered their price target on shares of Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. TD Cowen reaffirmed a “hold” rating and issued a $19.00 price target (down previously from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Oppenheimer raised shares of Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Friday, August 2nd. Finally, Piper Sandler lowered their target price on shares of Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus price target of $20.10.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $18.78 on Friday. The stock has a market cap of $26.83 billion, a P/E ratio of 156.50, a PEG ratio of 1.07 and a beta of 1.17. Blue Owl Capital Inc. has a fifty-two week low of $12.11 and a fifty-two week high of $20.13. The firm’s fifty day moving average price is $17.78 and its 200-day moving average price is $18.04.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $549.85 million for the quarter, compared to analysts’ expectations of $507.22 million. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Sell-side analysts predict that Blue Owl Capital Inc. will post 0.79 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were given a $0.18 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.72 annualized dividend and a yield of 3.83%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 600.00%.

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.