Blue Owl Capital Inc. (NYSE:OWL) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 681.2% during the third quarter, Holdings Channel reports. The institutional investor owned 649,463 shares of the company’s stock after buying an additional 566,325 shares during the quarter. Victory Capital Management Inc.’s holdings in Blue Owl Capital were worth $12,574,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in OWL. Apollon Wealth Management LLC grew its position in shares of Blue Owl Capital by 1.1% during the third quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company’s stock worth $1,009,000 after acquiring an additional 565 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its stake in shares of Blue Owl Capital by 7.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 19,043 shares of the company’s stock worth $369,000 after buying an additional 1,395 shares during the last quarter. Atria Investments Inc raised its stake in shares of Blue Owl Capital by 48.2% during the 3rd quarter. Atria Investments Inc now owns 16,222 shares of the company’s stock worth $314,000 after buying an additional 5,275 shares during the last quarter. Verdence Capital Advisors LLC increased its position in Blue Owl Capital by 16.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 114,901 shares of the company’s stock worth $2,224,000 after purchasing an additional 16,571 shares in the last quarter. Finally, SpiderRock Advisors LLC increased its position in Blue Owl Capital by 2.3% during the 3rd quarter. SpiderRock Advisors LLC now owns 30,630 shares of the company’s stock worth $593,000 after purchasing an additional 701 shares in the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

Shares of NYSE:OWL opened at $23.47 on Thursday. The company has a market capitalization 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. Blue Owl Capital Inc. has a 1 year low of $13.01 and a 1 year high of $24.17. The business’s 50 day simple moving average is $21.27 and its 200 day simple moving average is $19.06.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The firm had revenue of $600.88 million for the quarter, compared to the consensus estimate of $565.93 million. During the same quarter last year, the business posted $0.16 EPS. On average, sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Monday, November 11th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.53%.

Analyst Upgrades and Downgrades

OWL has been the subject of several recent analyst reports. Piper Sandler lifted their price target on Blue Owl Capital from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Wells Fargo & Company upped their target price on Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Oppenheimer boosted their price target on Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Evercore ISI increased their price target on Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Blue Owl Capital currently has a consensus 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.