Truist Financial Corp Trims Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Truist Financial Corp reduced its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 0.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,003,659 shares of the company’s stock after selling 2,252 shares during the period. Truist Financial Corp’s holdings in Blue Owl Capital were worth $23,345,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. CIBC Asset Management Inc increased its stake in Blue Owl Capital by 6.5% during the 4th quarter. CIBC Asset Management Inc now owns 14,476 shares of the company’s stock worth $337,000 after buying an additional 883 shares during the period. State of New Jersey Common Pension Fund D increased its stake in Blue Owl Capital by 15.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 188,031 shares of the company’s stock worth $4,374,000 after buying an additional 25,444 shares during the period. Allworth Financial LP increased its stake in Blue Owl Capital by 43.3% during the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock worth $36,000 after buying an additional 428 shares during the period. Principal Securities Inc. increased its stake in Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock worth $45,000 after buying an additional 450 shares during the period. Finally, Nations Financial Group Inc. IA ADV increased its stake in Blue Owl Capital by 3.4% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 19,685 shares of the company’s stock worth $458,000 after buying an additional 642 shares during the period. 35.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on OWL. The Goldman Sachs Group downgraded shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and cut their target price for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. Citigroup reiterated a “buy” rating and set a $30.00 price target on shares of Blue Owl Capital in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods boosted their price target on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Finally, TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and boosted their price target for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.27.

Blue Owl Capital Trading Down 0.6 %

Shares of Blue Owl Capital stock opened at $24.00 on Thursday. The company has a fifty day simple moving average of $24.09 and a 200-day simple moving average of $21.71. Blue Owl Capital Inc. has a 12-month low of $15.18 and a 12-month high of $26.73. The stock has a market cap of $35.84 billion, a price-to-earnings ratio of 141.16, a PEG ratio of 1.27 and a beta of 1.15.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. On average, analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio is currently 423.55%.

Blue Owl Capital Profile

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.