Zurcher Kantonalbank Zurich Cantonalbank Cuts Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 6.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,288 shares of the company’s stock after selling 4,433 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Blue Owl Capital were worth $973,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in shares of Blue Owl Capital during the third quarter valued at about $27,000. Private Trust Co. NA bought a new position in shares of Blue Owl Capital during the third quarter valued at about $40,000. Salem Investment Counselors Inc. raised its stake in shares of Blue Owl Capital by 58.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock valued at $47,000 after acquiring an additional 1,159 shares during the last quarter. Clearstead Advisors LLC bought a new position in shares of Blue Owl Capital during the third quarter valued at about $49,000. Finally, Loomis Sayles & Co. L P raised its stake in shares of Blue Owl Capital by 1,570.2% during the third quarter. Loomis Sayles & Co. L P now owns 4,877 shares of the company’s stock valued at $63,000 after acquiring an additional 4,585 shares during the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

Shares of NYSE OWL opened at $18.79 on Monday. Blue Owl Capital Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $19.87. The company has a 50 day simple moving average of $18.26 and a two-hundred day simple moving average of $15.72. The company has a market capitalization of $26.85 billion, a price-to-earnings ratio of 187.92, a P/E/G ratio of 1.22 and a beta of 1.27.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Friday, February 9th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.31%. The business had revenue of $494.04 million during the quarter, compared to the consensus estimate of $438.77 million. During the same quarter last year, the firm earned $0.15 earnings per share. On average, analysts forecast that Blue Owl Capital Inc. will post 0.84 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Thursday, February 22nd. Blue Owl Capital’s payout ratio is 560.06%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $24.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $19.00 price target on shares of Blue Owl Capital in a research note on Thursday, April 4th. TD Cowen initiated coverage on shares of Blue Owl Capital in a research note on Thursday, January 4th. They issued an “outperform” rating and a $17.00 price target for the company. The Goldman Sachs Group increased their price target on shares of Blue Owl Capital from $17.75 to $20.25 and gave the stock a “buy” rating in a research note on Monday, February 12th. Finally, Piper Sandler increased 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 note on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.48.

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.