537,152 Shares in Blue Owl Capital Inc. $OWL Bought by Legal & General Group Plc

Legal & General Group Plc purchased a new position in Blue Owl Capital Inc. (NYSE:OWL) in the second quarter, Holdings Channel.com reports. The firm purchased 537,152 shares of the company’s stock, valued at approximately $5,836,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank purchased a new position in shares of Blue Owl Capital in the fourth quarter valued at about $140,643,000. William Blair Investment Management LLC purchased a new stake in shares of Blue Owl Capital during the fourth quarter worth about $113,782,000. Boston Partners grew its position in shares of Blue Owl Capital by 121.9% during the third quarter. Boston Partners now owns 12,153,776 shares of the company’s stock worth $205,493,000 after purchasing an additional 6,677,610 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Blue Owl Capital during the 2nd quarter valued at approximately $54,883,000. Finally, Renaissance Technologies LLC lifted its holdings in Blue Owl Capital by 2,107.1% in the 1st quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock worth $55,375,000 after purchasing an additional 5,790,400 shares in the last quarter. 35.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. UBS Group restated a “neutral” rating and issued a $9.50 price target on shares of Blue Owl Capital in a research note on Thursday, June 11th. BMO Capital Markets upped their target price on shares of Blue Owl Capital from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. The Goldman Sachs Group boosted their price target on shares of Blue Owl Capital from $9.50 to $10.50 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, Oppenheimer increased their price objective on shares of Blue Owl Capital from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.57.

Blue Owl Capital Trading Up 1.7%

Shares of NYSE OWL opened at $11.80 on Friday. Blue Owl Capital Inc. has a 12-month low of $7.95 and a 12-month high of $19.29. The firm’s 50-day moving average price is $10.54 and its 200-day moving average price is $9.98. The stock has a market capitalization of $18.40 billion, a price-to-earnings ratio of 98.34, a P/E/G ratio of 1.28 and a beta of 1.22.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%.The company had revenue of $693.56 million during the quarter, compared to analyst estimates of $693.15 million. On average, equities analysts predict that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend was Thursday, August 13th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 766.67%.

Blue Owl Capital Company 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.