Raymond James Trust N.A. Buys 1,115 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Raymond James Trust N.A. grew its position in Blue Owl Capital Inc. (NYSE:OWL) by 9.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,332 shares of the company’s stock after purchasing an additional 1,115 shares during the period. Raymond James Trust N.A.’s holdings in Blue Owl Capital were worth $239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of OWL. King Luther Capital Management Corp lifted its position in shares of Blue Owl Capital by 0.6% in the third quarter. King Luther Capital Management Corp now owns 79,919 shares of the company’s stock worth $1,547,000 after purchasing an additional 485 shares in the last quarter. Apollon Wealth Management LLC boosted its position in Blue Owl Capital by 1.1% during the third quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company’s stock valued at $1,009,000 after purchasing an additional 565 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Blue Owl Capital by 0.6% in the third quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company’s stock valued at $1,851,000 after purchasing an additional 575 shares in the last quarter. MAI Capital Management raised its stake in shares of Blue Owl Capital by 0.3% during the 3rd quarter. MAI Capital Management now owns 189,251 shares of the company’s stock worth $3,664,000 after purchasing an additional 607 shares in the last quarter. Finally, Affinity Wealth Management LLC boosted its holdings in shares of Blue Owl Capital by 5.3% in the 3rd quarter. Affinity Wealth Management LLC now owns 13,347 shares of the company’s stock valued at $258,000 after buying an additional 675 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on OWL. Evercore ISI increased their price target 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. Deutsche Bank Aktiengesellschaft lifted their price target on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. UBS Group upped their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted their target price on 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. Finally, Piper Sandler increased their price target on Blue Owl Capital from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.31.

Blue Owl Capital Stock Performance

OWL opened at $23.77 on Friday. Blue Owl Capital Inc. has a 52-week low of $13.01 and a 52-week high of $25.03. The firm has a market cap of $35.50 billion, a P/E ratio of 139.82, a price-to-earnings-growth ratio of 1.63 and a beta of 1.14. The business’s fifty day moving average is $21.92 and its 200-day moving average is $19.27.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. The firm had revenue of $600.88 million for the quarter, compared to the consensus estimate of $565.93 million. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. During the same period in the prior year, the company posted $0.16 earnings per share. On average, research analysts predict that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 3.03%. Blue Owl Capital’s dividend payout ratio is currently 423.53%.

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.