Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 18.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,340,572 shares of the company's stock after selling 755,679 shares during the period. Charles Schwab Investment Management Inc. owned 0.23% of Blue Owl Capital worth $64,673,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of OWL. King Luther Capital Management Corp boosted its stake in shares of Blue Owl Capital by 0.6% during the third quarter. King Luther Capital Management Corp now owns 79,919 shares of the company's stock worth $1,547,000 after buying an additional 485 shares during the period. Hilton Capital Management LLC lifted its position in Blue Owl Capital by 3.9% during the 3rd quarter. Hilton Capital Management LLC now owns 331,886 shares of the company's stock worth $6,425,000 after acquiring an additional 12,398 shares during the period. Segall Bryant & Hamill LLC purchased a new position in shares of Blue Owl Capital in the 3rd quarter valued at approximately $900,000. PNC Financial Services Group Inc. increased its holdings in shares of Blue Owl Capital by 0.6% in the third quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company's stock valued at $1,851,000 after purchasing an additional 575 shares during the period. Finally, Tranquility Partners LLC raised its stake in shares of Blue Owl Capital by 0.6% during the third quarter. Tranquility Partners LLC now owns 252,136 shares of the company's stock worth $4,881,000 after purchasing an additional 1,595 shares during the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Evercore ISI boosted their price objective on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an "outperform" rating in a research note on Tuesday, October 8th. UBS Group raised their price objective on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Wells Fargo & Company raised their price target on Blue Owl Capital from $18.50 to $21.00 and gave the company an "equal weight" rating in a report on Wednesday, October 9th. Piper Sandler increased their price objective on Blue Owl Capital from $23.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Blue Owl Capital from $23.00 to $24.00 and gave the company a "buy" rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $22.31.

Blue Owl Capital Stock Performance

NYSE OWL traded down $0.04 during trading hours on Friday, reaching $23.73. The company's stock had a trading volume of 2,852,665 shares, compared to its average volume of 5,455,500. The company's 50-day moving average is $22.02 and its two-hundred day moving average is $19.30. Blue Owl Capital Inc. has a fifty-two week low of $13.01 and a fifty-two week high of $25.03. The stock has a market cap of $35.44 billion, a PE ratio of 139.60, a PEG ratio of 1.59 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The business had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. During the same period in the prior year, the business earned $0.16 earnings per share. Equities analysts expect that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were issued a $0.18 dividend. The ex-dividend date was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.03%. Blue Owl Capital's dividend payout ratio (DPR) is 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.