Foster Victor Wealth Advisors LLC Purchases 33,122 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Foster Victor Wealth Advisors LLC increased its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 4.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 738,298 shares of the company's stock after purchasing an additional 33,122 shares during the quarter. Blue Owl Capital makes up approximately 1.1% of Foster Victor Wealth Advisors LLC's investment portfolio, making the stock its 24th biggest position. Foster Victor Wealth Advisors LLC owned approximately 0.05% of Blue Owl Capital worth $15,283,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Los Angeles Capital Management LLC bought a new position in Blue Owl Capital in the 1st quarter worth $20,620,000. Stone Point Capital LLC bought a new position in Blue Owl Capital in the 2nd quarter worth $112,749,000. Goldman Sachs Group Inc. raised its holdings in Blue Owl Capital by 22.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,819,431 shares of the company's stock valued at $27,110,000 after acquiring an additional 328,719 shares during the period. Janus Henderson Group PLC raised its holdings in Blue Owl Capital by 32.6% during the first quarter. Janus Henderson Group PLC now owns 330,095 shares of the company's stock valued at $6,224,000 after acquiring an additional 81,222 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in Blue Owl Capital during the first quarter valued at about $624,000. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Stock Up 2.7 %

OWL traded up $0.58 on Wednesday, hitting $22.35. The company had a trading volume of 4,576,738 shares, compared to its average volume of 5,219,885. The company has a market cap of $31.93 billion, a PE ratio of 186.25, a PEG ratio of 1.29 and a beta of 1.18. Blue Owl Capital Inc. has a 12-month low of $12.11 and a 12-month high of $22.64. The business's fifty day simple moving average is $18.34 and its 200 day simple moving average is $18.30.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $549.85 million during the quarter, compared to analyst estimates of $507.22 million. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. During the same quarter last year, the business posted $0.16 earnings per share. On average, analysts anticipate that Blue Owl Capital Inc. will post 0.79 earnings per share 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. This represents a $0.72 annualized dividend and a yield of 3.22%. The ex-dividend date was Wednesday, August 21st. Blue Owl Capital's payout ratio is currently 600.00%.

Wall Street Analyst Weigh In

A number of research firms have commented on OWL. Oppenheimer raised their price target on Blue Owl Capital from $21.00 to $24.00 and gave the company an "outperform" rating in a report on Wednesday. UBS Group decreased their price target on Blue Owl Capital from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, July 10th. Evercore ISI raised their price target on Blue Owl Capital from $21.00 to $22.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. TD Cowen reissued a "hold" rating and set a $19.00 price target (down from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Finally, Wells Fargo & Company raised their price objective on Blue Owl Capital from $18.50 to $21.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital has a consensus rating of "Moderate Buy" and an average price target of $21.15.

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.