Swiss National Bank Increases Position in Blue Owl Capital Inc. (NYSE:OWL)

Swiss National Bank lifted its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 10.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 914,500 shares of the company's stock after buying an additional 90,100 shares during the period. Swiss National Bank owned about 0.06% of Blue Owl Capital worth $17,705,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Stone Point Capital LLC bought a new stake in shares of Blue Owl Capital in the 2nd quarter worth about $112,749,000. Foster Victor Wealth Advisors LLC grew its stake in Blue Owl Capital by 12.3% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 705,176 shares of the company's stock worth $12,954,000 after acquiring an additional 77,253 shares in the last quarter. Janus Henderson Group PLC grew its stake in Blue Owl Capital by 32.6% in the 1st quarter. Janus Henderson Group PLC now owns 330,095 shares of the company's stock worth $6,224,000 after acquiring an additional 81,222 shares in the last quarter. Acadian Asset Management LLC bought a new position in Blue Owl Capital in the 1st quarter worth about $624,000. Finally, Orion Portfolio Solutions LLC bought a new position in Blue Owl Capital in the 1st quarter worth about $901,000. 35.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped 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, November 1st. UBS Group raised their price target on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. JMP Securities increased their price objective on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock a "market outperform" rating in a research note on Friday, November 15th. Piper Sandler increased their price objective on shares of Blue Owl Capital from $23.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Finally, Oppenheimer raised their price target on shares of Blue Owl Capital from $21.00 to $24.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Blue Owl Capital currently has an average rating of "Moderate Buy" and a consensus price target of $22.31.

Blue Owl Capital Trading Up 0.9 %

OWL stock traded up $0.22 during trading on Friday, reaching $24.55. 4,462,483 shares of the stock were exchanged, compared to its average volume of 5,439,484. The business has a 50 day moving average price of $21.55 and a 200-day moving average price of $19.14. Blue Owl Capital Inc. has a 1 year low of $13.01 and a 1 year high of $24.70. The firm has a market capitalization of $36.67 billion, a price-to-earnings ratio of 144.42, a P/E/G ratio of 1.57 and a beta of 1.14.

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

Blue Owl Capital Dividend Announcement

The firm 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 2.93%. The ex-dividend date is Monday, November 11th. Blue Owl Capital's payout ratio is currently 423.55%.

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.