The Manufacturers Life Insurance Company Raises Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

The Manufacturers Life Insurance Company lifted its position in Blue Owl Capital Inc. (NYSE:OWL) by 14.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 114,277 shares of the company’s stock after purchasing an additional 14,411 shares during the period. The Manufacturers Life Insurance Company’s holdings in Blue Owl Capital were worth $2,212,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of OWL. Border to Coast Pensions Partnership Ltd purchased a new stake in shares of Blue Owl Capital in the 2nd quarter worth $5,327,000. ORG Partners LLC purchased a new position in Blue Owl Capital during the 2nd quarter valued at about $32,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Blue Owl Capital by 16.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 13,702 shares of the company’s stock valued at $243,000 after purchasing an additional 1,978 shares in the last quarter. Triad Wealth Partners LLC purchased a new stake in shares of Blue Owl Capital in the 2nd quarter worth approximately $88,000. Finally, Stanley Laman Group Ltd. boosted its stake in shares of Blue Owl Capital by 4.5% during the second quarter. Stanley Laman Group Ltd. now owns 258,310 shares of the company’s stock valued at $4,585,000 after purchasing an additional 11,205 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OWL. Wells Fargo & Company boosted their price objective on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. JMP Securities restated a “market outperform” rating and set a $27.00 price objective on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Oppenheimer increased 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 report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Piper Sandler increased their price objective on Blue Owl Capital from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average price target of $22.31.

Blue Owl Capital Price Performance

Shares of OWL stock opened at $23.60 on Monday. The business has a fifty day moving average of $22.54 and a 200 day moving average of $19.50. Blue Owl Capital Inc. has a 1 year low of $13.01 and a 1 year high of $25.03. The firm has a market capitalization of $35.25 billion, a price-to-earnings ratio of 138.83, a price-to-earnings-growth ratio of 1.57 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The company had revenue of $600.88 million for the quarter, compared to the consensus estimate of $565.93 million. During the same quarter in the prior year, the company earned $0.16 EPS. As a group, equities research analysts expect that Blue Owl Capital Inc. will post 0.78 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business 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. The ex-dividend date was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.05%. 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.