Wesbanco Bank Inc. Raises Position in Blue Owl Capital Inc. (NYSE:OWL)

Wesbanco Bank Inc. increased its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 293.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 243,100 shares of the company's stock after purchasing an additional 181,300 shares during the quarter. Wesbanco Bank Inc.'s holdings in Blue Owl Capital were worth $4,706,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Stone Point Capital LLC bought a new stake in Blue Owl Capital during the second quarter valued at $112,749,000. Kinetic Partners Management LP bought a new stake in Blue Owl Capital during the first quarter valued at $69,600,000. State of New Jersey Common Pension Fund A bought a new stake in Blue Owl Capital during the second quarter valued at $63,115,000. Allspring Global Investments Holdings LLC bought a new stake in Blue Owl Capital during the first quarter valued at $48,517,000. Finally, Ceredex Value Advisors LLC bought a new stake in Blue Owl Capital during the second quarter valued at $32,387,000. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Trading Up 0.5 %

Shares of OWL traded up $0.11 on Tuesday, reaching $21.77. The company's stock had a trading volume of 3,385,558 shares, compared to its average volume of 5,223,116. Blue Owl Capital Inc. has a twelve month low of $12.11 and a twelve month high of $21.91. The stock has a market capitalization of $31.11 billion, a PE ratio of 181.42, a PEG ratio of 1.29 and a beta of 1.18. The firm has a fifty day moving average of $18.34 and a 200-day moving average of $18.30.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The firm had revenue of $549.85 million during the quarter, compared to analyst estimates of $507.22 million. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. During the same quarter last year, the business posted $0.16 EPS. As a group, equities analysts anticipate that Blue Owl Capital Inc. will post 0.79 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were paid a $0.18 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.72 annualized dividend and a yield of 3.31%. Blue Owl Capital's dividend payout ratio (DPR) is 600.00%.

Analyst Ratings Changes

OWL has been the topic of a number of research analyst reports. Oppenheimer raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and set a $21.00 price target on the stock in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft cut 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 report on Friday, August 2nd. Piper Sandler increased their price objective on shares of Blue Owl Capital from $20.00 to $23.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 9th. Wells Fargo & Company increased 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 research report on Wednesday, October 9th. Finally, UBS Group cut their price objective on shares of Blue Owl Capital from $22.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $20.90.

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.