Blue Owl Capital Inc. $OWL Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its position in Blue Owl Capital Inc. (NYSE:OWL) by 830.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 145,395 shares of the company’s stock after purchasing an additional 129,763 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Blue Owl Capital were worth $2,172,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its holdings in Blue Owl Capital by 117.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock valued at $27,000 after purchasing an additional 867 shares during the last quarter. Roxbury Financial LLC boosted its holdings in Blue Owl Capital by 383.6% in the 4th quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock valued at $26,000 after purchasing an additional 1,400 shares during the last quarter. Halbert Hargrove Global Advisors LLC lifted its holdings in shares of Blue Owl Capital by 83.5% in the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock worth $30,000 after acquiring an additional 910 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Blue Owl Capital in the 2nd quarter worth approximately $51,000. Finally, Activest Wealth Management acquired a new position in shares of Blue Owl Capital in the 3rd quarter worth approximately $50,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on OWL shares. Raymond James Financial restated a “strong-buy” rating on shares of Blue Owl Capital in a report on Thursday, February 19th. Piper Sandler decreased their price objective on shares of Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Evercore set a $14.00 price objective on shares of Blue Owl Capital in a report on Friday, February 6th. Deutsche Bank Aktiengesellschaft lowered shares of Blue Owl Capital from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $15.00 to $10.00 in a report on Tuesday, February 24th. Finally, Citigroup restated an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.04.

Blue Owl Capital Stock Up 0.4%

Blue Owl Capital stock opened at $10.10 on Wednesday. The firm has a market cap of $15.70 billion, a PE ratio of 84.17, a price-to-earnings-growth ratio of 1.06 and a beta of 1.19. Blue Owl Capital Inc. has a 52-week low of $7.95 and a 52-week high of $21.08. The company’s 50 day moving average is $9.36 and its two-hundred day moving average is $12.30.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The company had revenue of $699.88 million for the quarter, compared to analyst estimates of $687.23 million. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. On average, equities research analysts anticipate that Blue Owl Capital Inc. will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be issued a dividend of $0.23 per share. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, May 13th. This represents a $0.92 dividend on an annualized basis and a yield of 9.1%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 766.67%.

About Blue Owl Capital

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.