Raymond James & Associates Grows Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

Raymond James & Associates grew its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 41.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 308,465 shares of the company's stock after acquiring an additional 90,998 shares during the period. Raymond James & Associates' holdings in Blue Owl Capital were worth $5,972,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of OWL. Stone Point Capital LLC purchased a new stake in shares of Blue Owl Capital during the second quarter worth about $112,749,000. Kinetic Partners Management LP purchased a new stake in shares of Blue Owl Capital during the first quarter worth approximately $69,600,000. State of New Jersey Common Pension Fund A acquired a new position in Blue Owl Capital in the 2nd quarter valued at $63,115,000. Allspring Global Investments Holdings LLC acquired a new stake in Blue Owl Capital during the 1st quarter worth $48,517,000. Finally, Ceredex Value Advisors LLC purchased a new stake in shares of Blue Owl Capital during the second quarter worth $32,387,000. 35.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Friday. Piper Sandler boosted their target price on Blue Owl Capital from $23.00 to $25.00 and gave the stock an "overweight" rating in a report on Friday. Wells Fargo & Company increased their price target on Blue Owl Capital from $18.50 to $21.00 and gave the company an "equal weight" rating in a report on Wednesday, October 9th. Oppenheimer lifted their price objective on Blue Owl Capital from $21.00 to $24.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Finally, TD Cowen restated a "hold" rating and issued a $19.00 target price (down from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $22.15.

Blue Owl Capital Stock Down 4.1 %

Shares of OWL traded down $0.91 during trading on Friday, reaching $21.45. 9,080,473 shares of the company traded hands, compared to its average volume of 5,336,298. The stock has a 50-day simple moving average of $19.81 and a 200-day simple moving average of $18.68. The stock has a market cap of $31.39 billion, a PE ratio of 134.07, a price-to-earnings-growth ratio of 1.49 and a beta of 1.18. Blue Owl Capital Inc. has a twelve month low of $12.24 and a twelve month high of $24.17.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. The firm had revenue of $549.85 million during the quarter, compared to the consensus estimate of $507.22 million. During the same quarter last year, the firm earned $0.16 EPS. On average, equities research analysts predict that Blue Owl Capital Inc. will post 0.78 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Monday, November 11th. Blue Owl Capital's payout ratio is 450.03%.

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.