Blue Owl Capital Inc. (NYSE:OWL) Holdings Decreased by Truist Financial Corp

Truist Financial Corp reduced its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 6.4% in the 2nd quarter, Holdings Channel reports. The fund owned 953,935 shares of the company’s stock after selling 65,565 shares during the period. Truist Financial Corp’s holdings in Blue Owl Capital were worth $16,932,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Los Angeles Capital Management LLC acquired a new position in shares of Blue Owl Capital in the 1st quarter valued at about $20,620,000. Balyasny Asset Management L.P. purchased a new position in Blue Owl Capital during the fourth quarter valued at approximately $46,030,000. Stone Point Capital LLC acquired a new position in Blue Owl Capital in the 2nd quarter valued at approximately $112,749,000. Goldman Sachs Group Inc. lifted its position in Blue Owl Capital by 22.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,819,431 shares of the company’s stock worth $27,110,000 after buying an additional 328,719 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC boosted its stake in shares of Blue Owl Capital by 12.3% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 705,176 shares of the company’s stock valued at $12,954,000 after buying an additional 77,253 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OWL. Oppenheimer raised shares of Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Friday, August 2nd. UBS Group cut their price target on Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $18.50 price target on shares of Blue Owl Capital in a research note on Thursday, June 13th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, Wells Fargo & Company assumed coverage on shares of Blue Owl Capital in a research report on Thursday, September 12th. They issued an “equal weight” rating and a $18.50 target price for the company. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $20.44.

Blue Owl Capital Trading Up 3.7 %

NYSE OWL opened at $20.87 on Friday. Blue Owl Capital Inc. has a 1 year low of $12.11 and a 1 year high of $20.97. The company has a fifty day simple moving average of $17.82 and a 200 day simple moving average of $18.15. The company has a market cap of $29.82 billion, a P/E ratio of 173.92, a P/E/G ratio of 1.19 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $549.85 million during 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 period in the prior year, the company earned $0.16 earnings per share. Equities research analysts forecast that Blue Owl Capital Inc. will post 0.79 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date was Wednesday, August 21st. Blue Owl Capital’s dividend payout ratio (DPR) is currently 600.00%.

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.