KBC Group NV Raises Stake in Blue Owl Capital Inc. (NYSE:OWL)

KBC Group NV boosted its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 40.1% during the third quarter, Holdings Channel.com reports. The firm owned 13,487 shares of the company’s stock after acquiring an additional 3,859 shares during the quarter. KBC Group NV’s holdings in Blue Owl Capital were worth $261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Stone Point Capital LLC bought a new position in Blue Owl Capital during the 2nd quarter valued at approximately $112,749,000. Foster Victor Wealth Advisors LLC raised its position in shares of Blue Owl Capital by 12.3% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 705,176 shares of the company’s stock worth $12,954,000 after purchasing an additional 77,253 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Blue Owl Capital by 32.6% in the 1st quarter. Janus Henderson Group PLC now owns 330,095 shares of the company’s stock worth $6,224,000 after purchasing an additional 81,222 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Blue Owl Capital during the 1st quarter valued at about $624,000. Finally, Orion Portfolio Solutions LLC purchased a new position in Blue Owl Capital in the first quarter worth about $901,000. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

Shares of OWL stock opened at $23.40 on Wednesday. The company has a market cap of $34.95 billion, a price-to-earnings ratio of 137.65, a PEG ratio of 1.51 and a beta of 1.14. Blue Owl Capital Inc. has a 1 year low of $13.01 and a 1 year high of $24.17. The firm has a fifty day moving average price of $21.14 and a 200-day moving average price of $19.03.

Blue Owl Capital (NYSE:OWL) last released 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. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The business had revenue of $600.88 million during the quarter, compared to analyst estimates of $565.93 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. Equities research analysts expect that Blue Owl Capital Inc. will post 0.78 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Monday, November 11th. Blue Owl Capital’s payout ratio is 423.53%.

Wall Street Analyst Weigh In

OWL has been the topic of a number of recent analyst reports. UBS Group increased 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. Oppenheimer boosted their price target on Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. 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 research report on Friday, November 1st. Evercore ISI upped 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, Wells Fargo & Company lifted their price target 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. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $22.31.

About Blue Owl Capital

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.