HighTower Advisors LLC increased its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 29.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,599,852 shares of the company's stock after purchasing an additional 811,334 shares during the quarter. HighTower Advisors LLC owned 0.25% of Blue Owl Capital worth $69,690,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. King Luther Capital Management Corp raised its holdings in Blue Owl Capital by 0.6% in the third quarter. King Luther Capital Management Corp now owns 79,919 shares of the company's stock valued at $1,547,000 after acquiring an additional 485 shares in the last quarter. Apollon Wealth Management LLC lifted its position in Blue Owl Capital by 1.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company's stock valued at $1,009,000 after purchasing an additional 565 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Blue Owl Capital by 0.6% in the 3rd 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 last quarter. MAI Capital Management lifted its position in Blue Owl Capital by 0.3% in the 3rd quarter. MAI Capital Management now owns 189,251 shares of the company's stock valued at $3,664,000 after purchasing an additional 607 shares during the last quarter. Finally, Affinity Wealth Management LLC lifted its position in Blue Owl Capital by 5.3% in the 3rd quarter. Affinity Wealth Management LLC now owns 13,347 shares of the company's stock valued at $258,000 after purchasing an additional 675 shares during the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
OWL has been the topic of several recent research reports. Piper Sandler lifted their price objective on shares of Blue Owl Capital from $23.00 to $25.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, November 1st. JMP Securities reissued a "market outperform" rating and set a $27.00 target price on shares of Blue Owl Capital in a research note on Wednesday. Evercore ISI raised their target price 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. Finally, Oppenheimer raised their target price on shares of Blue Owl Capital from $21.00 to $24.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $22.31.
Check Out Our Latest Stock Analysis on OWL
Blue Owl Capital Price Performance
Shares of OWL traded up $0.43 during mid-day trading on Wednesday, hitting $23.43. The company's stock had a trading volume of 6,381,302 shares, compared to its average volume of 5,488,368. The firm has a 50-day moving average price of $22.28 and a 200 day moving average price of $19.40. The stock has a market capitalization of $34.99 billion, a price-to-earnings ratio of 137.83, a PEG ratio of 1.54 and a beta of 1.14. Blue Owl Capital Inc. has a fifty-two week low of $13.01 and a fifty-two week high of $25.03.
Blue Owl Capital (NYSE:OWL - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. The business had revenue of $600.88 million for the quarter, compared to the consensus estimate 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 period last year, the firm posted $0.16 earnings per share. As a group, equities analysts anticipate that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.
Blue Owl Capital Announces Dividend
The company also recently announced 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 3.07%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital's dividend payout ratio (DPR) is currently 423.55%.
About Blue Owl Capital
(
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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