MML Investors Services LLC Sells 59,369 Shares of Blue Owl Capital Inc. (NYSE:OWL)

MML Investors Services LLC cut its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 85.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,424 shares of the company's stock after selling 59,369 shares during the period. MML Investors Services LLC's holdings in Blue Owl Capital were worth $202,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC lifted its stake in shares of Blue Owl Capital by 7.4% in the third quarter. Orion Portfolio Solutions LLC now owns 52,969 shares of the company's stock worth $1,025,000 after acquiring an additional 3,649 shares during the period. National Bank of Canada FI lifted its position in shares of Blue Owl Capital by 4.7% in the 3rd quarter. National Bank of Canada FI now owns 442,407 shares of the company's stock worth $8,564,000 after purchasing an additional 19,693 shares during the period. Kovitz Investment Group Partners LLC boosted its stake in shares of Blue Owl Capital by 1.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company's stock valued at $622,000 after purchasing an additional 443 shares during the last quarter. State Street Corp increased its position in shares of Blue Owl Capital by 5.6% during the third quarter. State Street Corp now owns 8,452,073 shares of the company's stock worth $163,632,000 after buying an additional 449,066 shares during the period. Finally, Quantinno Capital Management LP increased its position in shares of Blue Owl Capital by 13.6% during the third quarter. Quantinno Capital Management LP now owns 59,261 shares of the company's stock worth $1,147,000 after buying an additional 7,112 shares during the period. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Price Performance

Shares of NYSE OWL traded down $0.41 during mid-day trading on Friday, reaching $23.61. 2,355,025 shares of the company's stock traded hands, compared to its average volume of 5,519,592. Blue Owl Capital Inc. has a 1-year low of $14.37 and a 1-year high of $25.03. The stock has a market cap of $35.26 billion, a P/E ratio of 138.89, a PEG ratio of 1.66 and a beta of 1.14. The business has a 50-day simple moving average of $23.37 and a 200 day simple moving average of $20.07.

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, meeting analysts' consensus estimates of $0.20. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The business had revenue of $600.88 million during the quarter, compared to the consensus estimate of $565.93 million. During the same quarter in the previous year, the business earned $0.16 EPS. Equities research analysts anticipate 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. Investors of record on Monday, November 11th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Monday, November 11th. Blue Owl Capital's payout ratio is currently 423.53%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on OWL shares. Piper Sandler upped their price target on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Monday. Oppenheimer upped their target price on Blue Owl Capital from $24.00 to $28.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. JMP Securities reiterated a "market outperform" rating and issued a $27.00 target price on shares of Blue Owl Capital in a report on Wednesday, December 4th. Keefe, Bruyette & Woods increased their price target on Blue Owl Capital from $22.00 to $26.00 and gave the stock a "market perform" rating in a report on Friday, December 20th. Finally, UBS Group lifted 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 note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.73.

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.