Barclays PLC Raises Stake in Blue Owl Capital Inc. (NYSE:OWL)

Barclays PLC boosted its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 13.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,571,806 shares of the company's stock after buying an additional 189,082 shares during the quarter. Barclays PLC owned approximately 0.11% of Blue Owl Capital worth $30,430,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of OWL. ORG Wealth Partners LLC acquired a new stake in shares of Blue Owl Capital in the third quarter worth approximately $32,000. ORG Partners LLC acquired a new stake in Blue Owl Capital during the 2nd quarter worth $32,000. Family Firm Inc. purchased a new stake in shares of Blue Owl Capital during the second quarter worth $40,000. Rothschild Investment LLC acquired a new stake in shares of Blue Owl Capital in the second quarter valued at about $45,000. Finally, Signaturefd LLC lifted its stake in shares of Blue Owl Capital by 19.3% in the third quarter. Signaturefd LLC now owns 9,137 shares of the company's stock worth $177,000 after buying an additional 1,476 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on OWL shares. Evercore ISI increased their price objective on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. UBS Group increased their price target on Blue Owl Capital from $20.00 to $27.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Oppenheimer boosted their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the stock an "outperform" rating in a research note on Thursday. JMP Securities reiterated a "market outperform" rating and set a $27.00 price target on shares of Blue Owl Capital in a report on Wednesday, December 4th. Finally, Wells Fargo & Company upped their price objective on shares of Blue Owl Capital from $23.00 to $25.00 and gave the company an "equal weight" rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Blue Owl Capital has a consensus rating of "Moderate Buy" and an average price target of $22.98.

Blue Owl Capital Stock Performance

Shares of OWL traded down $0.18 during midday trading on Friday, hitting $24.37. 4,133,259 shares of the stock were exchanged, compared to its average volume of 5,525,085. Blue Owl Capital Inc. has a 52-week low of $13.61 and a 52-week high of $25.03. The stock has a fifty day simple moving average of $22.96 and a 200 day simple moving average of $19.67. The firm has a market cap of $36.40 billion, a P/E ratio of 143.35, a P/E/G ratio of 1.66 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting analysts' consensus estimates of $0.20. The company had revenue of $600.88 million during the quarter, compared to analysts' expectations of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same period last year, the business posted $0.16 EPS. As a group, equities research analysts forecast that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were given a $0.18 dividend. The ex-dividend date was Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 2.95%. Blue Owl Capital's dividend payout ratio is presently 423.53%.

About Blue Owl Capital

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.