232,010 Shares in Blue Owl Capital Inc. $OWL Acquired by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 232,010 shares of the company’s stock, valued at approximately $2,118,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $140,643,000. William Blair Investment Management LLC acquired a new position in Blue Owl Capital during the fourth quarter worth about $113,782,000. Boston Partners grew its stake in Blue Owl Capital by 121.9% during the 3rd quarter. Boston Partners now owns 12,153,776 shares of the company’s stock valued at $205,493,000 after acquiring an additional 6,677,610 shares in the last quarter. Capital World Investors grew its stake in Blue Owl Capital by 5.9% during the 4th quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock valued at $1,348,272,000 after acquiring an additional 5,029,134 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Blue Owl Capital by 7.9% in the 3rd quarter. Vanguard Group Inc. now owns 67,916,888 shares of the company’s stock valued at $1,149,833,000 after acquiring an additional 4,968,526 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OWL. TD Cowen reissued a “buy” rating and issued a $14.00 target price on shares of Blue Owl Capital in a research note on Monday, May 18th. Oppenheimer cut their price target on Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Monday, April 13th. The Goldman Sachs Group reduced their price objective on Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Citizens Jmp lowered their price objective on Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. Finally, Barclays upped their target price on Blue Owl Capital from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.04.

Blue Owl Capital Price Performance

NYSE:OWL opened at $9.57 on Monday. The company’s 50-day moving average is $9.70 and its two-hundred day moving average is $11.70. Blue Owl Capital Inc. has a 1-year low of $7.95 and a 1-year high of $21.08. The firm has a market capitalization of $14.89 billion, a price-to-earnings ratio of 79.79, a PEG ratio of 1.00 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last announced its quarterly 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 business had revenue of $699.88 million during the quarter, compared to the consensus estimate of $687.23 million. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. As a group, equities 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 was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 9.6%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, May 13th. Blue Owl Capital’s payout ratio is 766.67%.

Blue Owl Capital Profile

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.