Blue Owl Capital Inc. (NYSE:OWL) Position Increased by State Street Corp

State Street Corp lifted its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 5.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,452,073 shares of the company's stock after acquiring an additional 449,066 shares during the period. State Street Corp owned 0.58% of Blue Owl Capital worth $163,632,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of OWL. ORG Partners LLC acquired a new stake in Blue Owl Capital during the 2nd quarter worth approximately $32,000. ORG Wealth Partners LLC acquired a new stake in shares of Blue Owl Capital in the third quarter worth $32,000. Family Firm Inc. purchased a new position in shares of Blue Owl Capital in the 2nd quarter valued at $40,000. Rothschild Investment LLC acquired a new position in shares of Blue Owl Capital during the 2nd quarter valued at $45,000. Finally, Signaturefd LLC boosted its position in Blue Owl Capital by 19.3% during the 3rd quarter. Signaturefd LLC now owns 9,137 shares of the company's stock worth $177,000 after purchasing an additional 1,476 shares during the period. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Trading Down 0.7 %

NYSE OWL traded down $0.18 during trading hours on Friday, reaching $24.37. 4,133,259 shares of the company traded hands, compared to its average volume of 5,525,085. Blue Owl Capital Inc. has a 12 month low of $13.61 and a 12 month high of $25.03. The company has a 50 day moving average of $22.96 and a two-hundred day moving average of $19.67. The stock has a market capitalization of $36.40 billion, a PE ratio of 143.38, a PEG ratio of 1.66 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $600.88 million for the quarter, compared to analysts' expectations of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same quarter in the prior year, the firm posted $0.16 earnings per share. On average, equities research analysts anticipate that Blue Owl Capital Inc. will post 0.78 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital's dividend payout ratio is presently 423.53%.

Analyst Ratings Changes

Several research analysts have commented on the company. UBS Group raised their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft raised their target price on Blue Owl Capital from $23.00 to $24.00 and gave the company a "buy" rating in a report on Friday, November 1st. Piper Sandler upped their price target on Blue Owl Capital from $23.00 to $25.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. JMP Securities reaffirmed a "market outperform" rating and issued a $27.00 price objective on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Finally, Evercore ISI boosted their target price on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 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.com, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.98.

Blue Owl Capital Company 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.