Raymond James & Associates Has $3.86 Million Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Raymond James & Associates trimmed its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 46.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 217,467 shares of the company's stock after selling 187,940 shares during the period. Raymond James & Associates' holdings in Blue Owl Capital were worth $3,860,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Blue Owl Capital by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,620,694 shares of the company's stock worth $53,948,000 after purchasing an additional 100,188 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Blue Owl Capital by 744.2% during the 4th quarter. Principal Financial Group Inc. now owns 326,718 shares of the company's stock worth $4,868,000 after acquiring an additional 288,015 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Blue Owl Capital by 12.1% during the 4th quarter. Wells Fargo & Company MN now owns 715,309 shares of the company's stock worth $10,658,000 after acquiring an additional 76,935 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Blue Owl Capital during the 1st quarter worth about $20,620,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Blue Owl Capital during the 4th quarter worth about $46,030,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Shares of OWL traded down $0.07 during midday trading on Friday, hitting $17.64. 4,260,233 shares of the stock traded hands, compared to its average volume of 5,307,477. Blue Owl Capital Inc. has a 1-year low of $11.54 and a 1-year high of $20.13. The firm has a market capitalization of $25.20 billion, a PE ratio of 147.00, a price-to-earnings-growth ratio of 1.08 and a beta of 1.18. The business's 50 day moving average price is $17.83 and its two-hundred day moving average price is $18.09.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, meeting analysts' consensus estimates of $0.19. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.12%. The business had revenue of $549.85 million for the quarter, compared to analysts' expectations of $507.22 million. 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 0.81 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend was Wednesday, August 21st. Blue Owl Capital's dividend payout ratio is currently 600.00%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup reiterated a "buy" rating and set a $21.00 price objective on shares of Blue Owl Capital in a report on Tuesday, May 14th. TD Cowen reiterated a "hold" rating and set a $19.00 price objective (down previously from $21.50) on shares of Blue Owl Capital in a research note on Monday, July 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Blue Owl Capital from $21.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Piper Sandler decreased their price target on shares of Blue Owl Capital from $23.00 to $21.00 and set an "overweight" rating for the company in a research report on Wednesday, July 10th. Finally, Oppenheimer raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and set a $21.00 price target for the company in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.23.

Blue Owl Capital Profile

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.