Erste Asset Management GmbH Acquires New Stake in Blue Owl Capital Inc. (NYSE:OWL)

Erste Asset Management GmbH bought a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,350 shares of the company's stock, valued at approximately $510,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Encompass More Asset Management boosted its holdings in Blue Owl Capital by 20.8% in the third quarter. Encompass More Asset Management now owns 14,917 shares of the company's stock worth $289,000 after acquiring an additional 2,564 shares in the last quarter. Fred Alger Management LLC boosted its holdings in Blue Owl Capital by 1.5% in the third quarter. Fred Alger Management LLC now owns 781,408 shares of the company's stock worth $15,128,000 after acquiring an additional 11,663 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Blue Owl Capital by 4.1% in the third quarter. Rockefeller Capital Management L.P. now owns 170,145 shares of the company's stock worth $3,294,000 after acquiring an additional 6,701 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Blue Owl Capital by 22.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 85,406 shares of the company's stock worth $1,653,000 after acquiring an additional 15,613 shares in the last quarter. Finally, Fiduciary Trust Co boosted its holdings in Blue Owl Capital by 31.3% in the third quarter. Fiduciary Trust Co now owns 56,665 shares of the company's stock worth $1,097,000 after acquiring an additional 13,498 shares in the last quarter. Institutional investors own 35.85% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. JMP Securities reiterated a "market outperform" rating and issued a $27.00 price target on shares of Blue Owl Capital in a report on Wednesday. Piper Sandler raised their target price on Blue Owl Capital from $23.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Evercore ISI raised their target price on Blue Owl Capital from $21.00 to $22.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. 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. Finally, Oppenheimer raised their target price on Blue Owl Capital from $21.00 to $24.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Blue Owl Capital has a consensus rating of "Moderate Buy" and an average price target of $22.31.

Blue Owl Capital Trading Up 0.3 %

Shares of NYSE OWL traded up $0.07 during mid-day trading on Thursday, hitting $23.50. The company had a trading volume of 6,415,050 shares, compared to its average volume of 5,492,317. The company has a market capitalization of $35.10 billion, a price-to-earnings ratio of 137.83, a P/E/G ratio of 1.54 and a beta of 1.14. Blue Owl Capital Inc. has a 1 year low of $13.01 and a 1 year high of $25.03. The stock's 50-day moving average price is $22.36 and its 200-day moving average price is $19.43.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate 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 in the previous year, the business earned $0.16 earnings per share. As a group, equities research analysts forecast that Blue Owl Capital Inc. will post 0.78 earnings per share for the current 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 given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital's dividend payout ratio (DPR) is presently 423.55%.

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.