Vanguard Personalized Indexing Management LLC Buys 7,696 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Vanguard Personalized Indexing Management LLC grew its position in Blue Owl Capital Inc. (NYSE:OWL) by 47.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,938 shares of the company’s stock after purchasing an additional 7,696 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Blue Owl Capital were worth $357,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of OWL. Benjamin F. Edwards & Company Inc. bought a new position in Blue Owl Capital in the 4th quarter worth $26,000. Headlands Technologies LLC acquired a new position in shares of Blue Owl Capital during the 3rd quarter worth about $27,000. Salem Investment Counselors Inc. boosted its stake in Blue Owl Capital by 58.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock valued at $47,000 after purchasing an additional 1,159 shares during the period. Clearstead Advisors LLC bought a new stake in Blue Owl Capital during the 3rd quarter valued at approximately $49,000. Finally, Loomis Sayles & Co. L P grew its holdings in Blue Owl Capital by 1,570.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 4,877 shares of the company’s stock valued at $63,000 after buying an additional 4,585 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Up 2.3 %

NYSE:OWL opened at $19.27 on Monday. The firm has a market capitalization of $27.53 billion, a PE ratio of 160.58, a price-to-earnings-growth ratio of 1.13 and a beta of 1.24. Blue Owl Capital Inc. has a 12-month low of $9.70 and a 12-month high of $19.87. The firm has a 50-day moving average price of $18.62 and a 200 day moving average price of $16.55.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $486.55 million during the quarter, compared to analysts’ expectations of $478.47 million. Blue Owl Capital had a return on equity of 18.15% and a net margin of 3.84%. On average, research analysts expect that Blue Owl Capital Inc. will post 0.82 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, May 20th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.74%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 600.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on OWL shares. The Goldman Sachs Group increased their price objective on Blue Owl Capital from $17.75 to $20.25 and gave the company a “buy” rating in a research report on Monday, February 12th. Piper Sandler raised their price target on shares of Blue Owl Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. TD Cowen dropped their price objective on shares of Blue Owl Capital from $23.00 to $21.50 and set a “buy” rating on the stock in a report on Friday, May 3rd. JMP Securities reiterated a “market outperform” rating and issued a $24.00 target price on shares of Blue Owl Capital in a research note on Tuesday, April 9th. Finally, Evercore ISI boosted their price target on Blue Owl Capital from $18.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $20.43.

Blue Owl Capital 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.