US Bancorp DE Has $258,000 Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

US Bancorp DE lifted its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 49.0% in the 3rd quarter, Holdings Channel reports. The firm owned 13,336 shares of the company’s stock after buying an additional 4,387 shares during the quarter. US Bancorp DE’s holdings in Blue Owl Capital were worth $258,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of OWL. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in shares of Blue Owl Capital in the third quarter worth about $3,307,000. First Trust Direct Indexing L.P. acquired a new stake in Blue Owl Capital in the 3rd quarter valued at approximately $224,000. Mirae Asset Global Investments Co. Ltd. increased its position in Blue Owl Capital by 37.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,823 shares of the company’s stock worth $1,113,000 after buying an additional 15,610 shares during the period. Lake Street Advisors Group LLC raised its stake in Blue Owl Capital by 20.5% during the 3rd quarter. Lake Street Advisors Group LLC now owns 39,626 shares of the company’s stock valued at $767,000 after purchasing an additional 6,743 shares during the last quarter. Finally, Freedom Day Solutions LLC acquired a new stake in Blue Owl Capital during the third quarter worth about $1,675,000. 35.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OWL. Piper Sandler raised 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. Evercore ISI lifted their price objective on Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft increased their target price on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JMP Securities boosted their price target on 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. Finally, UBS Group increased their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research note 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.15.

Blue Owl Capital Trading Down 1.7 %

Shares of NYSE OWL opened at $22.46 on Thursday. Blue Owl Capital Inc. has a 1-year low of $13.01 and a 1-year high of $24.17. The company has a 50-day moving average of $20.62 and a two-hundred day moving average of $18.90. The company has a market cap of $32.87 billion, a PE ratio of 132.13, a P/E/G ratio of 1.53 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last released 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 company had revenue of $600.88 million during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.16 earnings per share. As a group, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be paid a $0.18 dividend. The ex-dividend date is Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a yield of 3.21%. Blue Owl Capital’s payout ratio is presently 423.55%.

Blue Owl Capital Company 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.