Blue Owl Capital Inc. (NYSE:OWL) Stake Raised by Fmr LLC

FMR LLC raised its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 29.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,324,089 shares of the company's stock after purchasing an additional 8,138,475 shares during the period. FMR LLC owned about 2.41% of Blue Owl Capital worth $683,874,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in OWL. Westfield Capital Management Co. LP raised its holdings in Blue Owl Capital by 4.6% in the third quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company's stock valued at $130,415,000 after acquiring an additional 293,221 shares in the last quarter. Stone Point Capital LLC bought a new stake in shares of Blue Owl Capital in the 2nd quarter worth about $112,749,000. Point72 Asset Management L.P. raised its stake in shares of Blue Owl Capital by 69.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company's stock valued at $73,035,000 after purchasing an additional 1,683,408 shares in the last quarter. State of New Jersey Common Pension Fund A bought a new position in shares of Blue Owl Capital during the second quarter worth about $63,115,000. Finally, Bank of New York Mellon Corp grew its stake in Blue Owl Capital by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 2,406,242 shares of the company's stock worth $42,711,000 after purchasing an additional 105,774 shares in the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

OWL stock traded down $0.04 on Friday, reaching $23.73. The company's stock had a trading volume of 2,852,669 shares, compared to its average volume of 5,455,499. Blue Owl Capital Inc. has a 52 week low of $13.01 and a 52 week high of $25.03. The company has a market capitalization of $35.44 billion, a P/E ratio of 139.60, a price-to-earnings-growth ratio of 1.59 and a beta of 1.14. The firm has a fifty day moving average of $22.02 and a two-hundred day moving average of $19.30.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, hitting 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 quarter in the prior year, the business posted $0.16 earnings per share. As a group, equities analysts expect that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend 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 is presently 423.55%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on OWL shares. Oppenheimer upped their price objective on Blue Owl Capital from $21.00 to $24.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Wells Fargo & Company lifted their price objective on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 9th. Evercore ISI increased their target price on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an "outperform" rating in a report on Tuesday, October 8th. UBS Group lifted their price target on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Finally, JMP Securities raised their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock a "market outperform" rating in a report on Friday, November 15th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $22.31.

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.