UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 66,522 Shares of Blue Owl Capital Inc. (NYSE:OWL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,055,275 shares of the company's stock after selling 66,522 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.07% of Blue Owl Capital worth $20,430,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of OWL. FMR LLC increased its position in shares of Blue Owl Capital by 29.9% during the third quarter. FMR LLC now owns 35,324,089 shares of the company's stock valued at $683,874,000 after purchasing an additional 8,138,475 shares during the period. Westfield Capital Management Co. LP boosted its stake in Blue Owl Capital by 4.6% during the third quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company's stock worth $130,415,000 after buying an additional 293,221 shares in the last quarter. Stone Point Capital LLC bought a new stake in Blue Owl Capital in the 2nd quarter valued at $112,749,000. Point72 Asset Management L.P. raised 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 buying an additional 1,683,408 shares in the last quarter. Finally, State of New Jersey Common Pension Fund A acquired a new position in shares of Blue Owl Capital in the 2nd quarter valued at $63,115,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Trading Up 0.3 %

Shares of OWL traded up $0.08 during mid-day trading on Friday, hitting $23.58. 6,489,736 shares of the company traded hands, compared to its average volume of 5,496,544. The stock has a market capitalization of $35.22 billion, a price-to-earnings ratio of 138.24, a PEG ratio of 1.54 and a beta of 1.14. The business has a 50-day moving average of $22.45 and a 200 day moving average of $19.46. Blue Owl Capital Inc. has a one year low of $13.01 and a one year high of $25.03.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $600.88 million for the quarter, compared to analyst estimates 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. As a group, analysts anticipate that Blue Owl Capital Inc. will post 0.78 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Monday, November 11th. Blue Owl Capital's dividend payout ratio (DPR) is presently 423.53%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group upped their target price on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. JMP Securities reiterated a "market outperform" rating and issued a $27.00 price objective on shares of Blue Owl Capital in a research note on Wednesday. Wells Fargo & Company raised their target price on Blue Owl Capital from $18.50 to $21.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 9th. Oppenheimer upped their price target on Blue Owl Capital from $21.00 to $24.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Blue Owl Capital from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and an average price target of $22.31.

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.