Thrivent Financial for Lutherans Reduces Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Thrivent Financial for Lutherans lessened its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 27.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 261,676 shares of the company’s stock after selling 98,330 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Blue Owl Capital were worth $6,087,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC grew its holdings in Blue Owl Capital by 1.6% during the 4th quarter. Global Retirement Partners LLC now owns 25,499 shares of the company’s stock valued at $593,000 after purchasing an additional 413 shares during the last quarter. Dynasty Wealth Management LLC grew its stake in shares of Blue Owl Capital by 0.5% during the fourth quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company’s stock valued at $1,828,000 after buying an additional 417 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Blue Owl Capital by 43.3% in the fourth 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. Kovitz Investment Group Partners LLC lifted its stake in shares of Blue Owl Capital by 1.4% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock worth $622,000 after acquiring an additional 443 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in shares of 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 acquiring an additional 450 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OWL has been the subject of a number of research analyst reports. Piper Sandler lifted their target price on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. JMP Securities restated a “market outperform” rating and issued a $32.00 price objective (up from $30.00) on shares of Blue Owl Capital in a report on Friday, February 7th. Citigroup reiterated a “buy” rating and set a $30.00 target price on shares of Blue Owl Capital in a report on Thursday, January 23rd. Wells Fargo & Company reduced their price target on shares of Blue Owl Capital from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Oppenheimer increased their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.33.

Blue Owl Capital Stock Up 0.2 %

Shares of OWL opened at $20.69 on Monday. The company has a 50 day moving average of $22.67 and a two-hundred day moving average of $22.23. Blue Owl Capital Inc. has a twelve month low of $15.18 and a twelve month high of $26.73. The company has a market cap of $31.81 billion, a price-to-earnings ratio of 121.68, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.18 per share. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.48%. Blue Owl Capital’s payout ratio is 423.53%.

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.