Thrivent Financial for Lutherans Sells 36,957 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Thrivent Financial for Lutherans reduced its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 9.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 360,006 shares of the company's stock after selling 36,957 shares during the period. Thrivent Financial for Lutherans' holdings in Blue Owl Capital were worth $6,970,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of OWL. Stone Point Capital LLC acquired a new stake in Blue Owl Capital during the second quarter worth $112,749,000. Kinetic Partners Management LP acquired a new stake in shares of Blue Owl Capital during the 1st quarter valued at about $69,600,000. State of New Jersey Common Pension Fund A acquired a new position in Blue Owl Capital in the second quarter worth about $63,115,000. Ceredex Value Advisors LLC bought a new position in shares of Blue Owl Capital during the 2nd quarter worth approximately $32,387,000. Finally, Point72 Asset Management L.P. boosted its stake in shares of Blue Owl Capital by 69.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company's stock valued at $73,035,000 after purchasing an additional 1,683,408 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on OWL. UBS Group raised their target price on Blue Owl Capital from $20.00 to $27.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on Blue Owl Capital from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Friday, November 1st. JMP Securities upped their price target on Blue Owl Capital from $25.00 to $27.00 and gave the company a "market outperform" rating in a research note on Friday, November 15th. Piper Sandler lifted their price objective on Blue Owl Capital from $23.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Finally, Evercore ISI upped their target price on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.31.

Blue Owl Capital Price Performance

OWL traded up $0.22 during trading on Friday, reaching $24.55. The company had a trading volume of 4,516,312 shares, compared to its average volume of 7,224,087. The company has a market cap of $36.67 billion, a P/E ratio of 144.42, a PEG ratio of 1.63 and a beta of 1.14. Blue Owl Capital Inc. has a 12 month low of $13.01 and a 12 month high of $24.70. The business's fifty day moving average price is $21.55 and its 200 day moving average price is $19.14.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting analysts' consensus estimates of $0.20. The firm had revenue of $600.88 million during the quarter, compared to analyst estimates of $565.93 million. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. During the same period in the prior year, the business earned $0.16 EPS. As a group, sell-side analysts predict that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.93%. The ex-dividend date was Monday, November 11th. Blue Owl Capital's payout ratio is 423.55%.

Blue Owl Capital 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.