Franklin Resources Inc. grew its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 12.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,818,874 shares of the company's stock after purchasing an additional 311,385 shares during the period. Franklin Resources Inc. owned about 0.19% of Blue Owl Capital worth $54,573,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its stake in shares of Blue Owl Capital by 16.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 13,702 shares of the company's stock worth $243,000 after purchasing an additional 1,978 shares during the period. GYL Financial Synergies LLC acquired a new position in Blue Owl Capital in the 2nd quarter valued at approximately $1,456,000. Boyd Wealth Management LLC acquired a new stake in shares of Blue Owl Capital during the 2nd quarter worth approximately $185,000. Family Firm Inc. bought a new stake in shares of Blue Owl Capital during the second quarter valued at approximately $40,000. Finally, Capital Insight Partners LLC raised its stake in shares of Blue Owl Capital by 2.6% in the second quarter. Capital Insight Partners LLC now owns 32,637 shares of the company's stock valued at $579,000 after purchasing an additional 815 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.
Blue Owl Capital Stock Performance
OWL traded down $0.51 during midday trading on Tuesday, reaching $24.30. 7,678,537 shares of the company were exchanged, compared to its average volume of 5,543,967. The stock has a market capitalization of $36.29 billion, a P/E ratio of 142.94, a PEG ratio of 1.66 and a beta of 1.14. Blue Owl Capital Inc. has a one year low of $14.28 and a one year high of $25.03. The stock's 50-day simple moving average is $23.12 and its 200 day simple moving average is $19.75.
Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.20. The firm had revenue of $600.88 million during the quarter, compared to analysts' expectations of $565.93 million. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. During the same quarter in the previous year, the company earned $0.16 earnings per share. On average, research analysts anticipate that Blue Owl Capital Inc. will post 0.78 earnings per share for the current year.
Blue Owl Capital Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital's dividend payout ratio is currently 423.53%.
Wall Street Analysts Forecast Growth
OWL has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Piper Sandler raised their price target on Blue Owl Capital from $23.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Oppenheimer raised 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 report on Thursday, December 12th. Wells Fargo & Company upped their target price on shares of Blue Owl Capital from $23.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Finally, JMP Securities reissued a "market outperform" rating and issued a $27.00 price target on shares of Blue Owl Capital in a report on Wednesday, December 4th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $22.98.
Check Out Our Latest Stock Analysis on Blue Owl Capital
Blue Owl Capital Company Profile
(
Free Report)
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.
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