Rockefeller Capital Management L.P. Sells 323,102 Shares of Blue Owl Capital Inc. $OWL

Rockefeller Capital Management L.P. reduced its position in Blue Owl Capital Inc. (NYSE:OWL) by 34.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 606,503 shares of the company’s stock after selling 323,102 shares during the period. Rockefeller Capital Management L.P.’s holdings in Blue Owl Capital were worth $9,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Fund Advisors of America Inc FL bought a new position in Blue Owl Capital in the fourth quarter valued at about $474,000. Hsbc Holdings PLC increased its position in shares of Blue Owl Capital by 129.4% during the 4th quarter. Hsbc Holdings PLC now owns 239,674 shares of the company’s stock valued at $3,590,000 after purchasing an additional 135,184 shares during the last quarter. Tempo Wealth LLC purchased a new stake in shares of Blue Owl Capital during the 4th quarter valued at about $237,000. MidFirst Bank bought a new position in shares of Blue Owl Capital in the 4th quarter worth approximately $1,175,000. Finally, Alberta Investment Management Corp bought a new position in shares of Blue Owl Capital in the 4th quarter worth approximately $1,273,000. Institutional investors own 35.85% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Zacks Research upgraded shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. Oppenheimer dropped their price target on shares of Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. TD Cowen reissued a “buy” rating and set a $14.00 price objective on shares of Blue Owl Capital in a research report on Monday, May 18th. The Goldman Sachs Group reduced their price objective on Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Finally, Piper Sandler lowered their target price on Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average target price of $14.04.

Blue Owl Capital Trading Up 0.2%

NYSE OWL opened at $8.48 on Friday. Blue Owl Capital Inc. has a 12 month low of $7.95 and a 12 month high of $21.08. The stock has a market cap of $13.19 billion, a price-to-earnings ratio of 70.71, a PEG ratio of 0.89 and a beta of 1.20. The company’s 50 day moving average is $9.72 and its two-hundred day moving average is $11.50.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. The business had revenue of $699.88 million during 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%. Sell-side analysts forecast that Blue Owl Capital Inc. will post 0.88 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 10.8%. The ex-dividend date was Wednesday, May 13th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. 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.