Victory Capital Management Inc. increased its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 681.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 649,463 shares of the company's stock after purchasing an additional 566,325 shares during the period. Victory Capital Management Inc.'s holdings in Blue Owl Capital were worth $12,574,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in OWL. Stone Point Capital LLC bought a new stake in shares of Blue Owl Capital in the second quarter worth about $112,749,000. Foster Victor Wealth Advisors LLC raised its holdings in shares of Blue Owl Capital by 12.3% during the second quarter. Foster Victor Wealth Advisors LLC now owns 705,176 shares of the company's stock valued at $12,954,000 after acquiring an additional 77,253 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Blue Owl Capital by 32.6% during the first quarter. Janus Henderson Group PLC now owns 330,095 shares of the company's stock valued at $6,224,000 after acquiring an additional 81,222 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Blue Owl Capital in the first quarter worth $624,000. Finally, Orion Portfolio Solutions LLC bought a new stake in Blue Owl Capital in the first quarter valued at $901,000. 35.85% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. UBS Group raised their target price on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Piper Sandler upped 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, November 1st. Evercore ISI raised their target price on Blue Owl Capital from $21.00 to $22.00 and gave the company an "outperform" rating in a research note on Tuesday, October 8th. JMP Securities raised their price objective on Blue Owl Capital from $25.00 to $27.00 and gave the company a "market outperform" rating in a research report on Friday, November 15th. Finally, Oppenheimer lifted their price target on shares of Blue Owl Capital from $21.00 to $24.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $22.31.
Check Out Our Latest Stock Report on Blue Owl Capital
Blue Owl Capital Stock Performance
Shares of Blue Owl Capital stock opened at $23.47 on Thursday. The stock has a market cap of $35.05 billion, a P/E ratio of 138.06, a P/E/G ratio of 1.51 and a beta of 1.14. The stock's fifty day moving average is $21.27 and its 200 day moving average is $19.06. Blue Owl Capital Inc. has a one year low of $13.01 and a one year high of $24.17.
Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting 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 analyst estimates of $565.93 million. During the same period in the prior year, the business posted $0.16 earnings per share. Analysts predict that Blue Owl Capital Inc. will post 0.78 EPS for the current year.
Blue Owl Capital Dividend Announcement
The business 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. The ex-dividend date of this dividend is Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 3.07%. Blue Owl Capital's payout ratio is 423.53%.
About Blue Owl Capital
(
Free Report)
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.
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