Private Advisor Group LLC Boosts Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Private Advisor Group LLC boosted its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,986 shares of the company’s stock after purchasing an additional 885 shares during the period. Private Advisor Group LLC’s holdings in Blue Owl Capital were worth $755,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of OWL. Transcendent Capital Group LLC purchased a new position in Blue Owl Capital during the first quarter worth approximately $26,000. ORG Partners LLC purchased a new position in shares of Blue Owl Capital in the 2nd quarter valued at $32,000. ORG Wealth Partners LLC purchased a new position in shares of Blue Owl Capital in the 3rd quarter valued at $32,000. Family Firm Inc. purchased a new position in shares of Blue Owl Capital in the 2nd quarter valued at $40,000. Finally, Rothschild Investment LLC purchased a new position in shares of Blue Owl Capital in the 2nd quarter valued at $45,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Analysts Set New Price Targets

OWL has been the topic of a number of research reports. JMP Securities raised their target price on shares of Blue Owl Capital from $24.00 to $25.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. TD Cowen reissued a “hold” rating and issued a $19.00 target price (down previously from $21.50) on shares of Blue Owl Capital in a research note on Monday, July 8th. Oppenheimer raised their target price on shares of Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Evercore ISI raised 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 note on Tuesday, October 8th. Finally, UBS Group raised their price target on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.15.

Blue Owl Capital Price Performance

Shares of OWL stock opened at $21.45 on Friday. The firm has a market cap of $31.39 billion, a P/E ratio of 134.07, a P/E/G ratio of 1.49 and a beta of 1.18. Blue Owl Capital Inc. has a 1-year low of $12.24 and a 1-year high of $24.17. The firm has a fifty day moving average of $19.81 and a two-hundred day moving average of $18.68.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $549.85 million during the quarter, compared to analyst estimates of $507.22 million. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. During the same period last year, the business earned $0.16 EPS. On average, sell-side analysts expect that Blue Owl Capital Inc. will post 0.78 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.36%. The ex-dividend date is Monday, November 11th. Blue Owl Capital’s dividend payout ratio is currently 450.03%.

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.