Nations Financial Group Inc. IA ADV Acquires New Holdings in Blue Owl Capital Inc. $OWL

Nations Financial Group Inc. IA ADV bought a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the first quarter, Holdings Channel.com reports. The institutional investor bought 232,010 shares of the company’s stock, valued at approximately $2,118,000.

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

Wall Street Analyst Weigh In

OWL has been the subject of several research reports. JPMorgan Chase & Co. dropped their target price on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a report on Wednesday, April 29th. TD Cowen restated a “buy” rating and set a $14.00 price target on shares of Blue Owl Capital in a research report on Monday, May 18th. BMO Capital Markets lowered their price target on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. Piper Sandler dropped their price objective on Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. Finally, Citizens Jmp cut their price objective on Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.04.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $9.57 on Monday. The stock has a market capitalization of $14.89 billion, a P/E ratio of 79.79, a price-to-earnings-growth ratio of 1.00 and a beta of 1.20. The company has a 50 day moving average price of $9.70 and a 200 day moving average price of $11.70. Blue Owl Capital Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $21.08.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $699.88 million for 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%. On average, research analysts forecast that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a dividend of $0.23 per share. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend was Wednesday, May 13th. Blue Owl Capital’s dividend payout ratio is currently 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.