KBC Group NV Buys 3,859 Shares of Blue Owl Capital Inc. (NYSE:OWL)

KBC Group NV raised its stake in Blue Owl Capital Inc. (NYSE:OWL) by 40.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,487 shares of the company’s stock after buying an additional 3,859 shares during the period. KBC Group NV’s holdings in Blue Owl Capital were worth $261,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Transcendent Capital Group LLC purchased a new stake in Blue Owl Capital during the first quarter valued at about $26,000. ORG Partners LLC purchased a new position in shares of Blue Owl Capital during the 2nd quarter valued at about $32,000. ORG Wealth Partners LLC bought a new stake in Blue Owl Capital in the 3rd quarter worth approximately $32,000. Family Firm Inc. purchased a new stake in Blue Owl Capital in the second quarter worth approximately $40,000. Finally, Rothschild Investment LLC bought a new position in Blue Owl Capital during the second quarter valued at approximately $45,000. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Trading Up 1.4 %

Shares of Blue Owl Capital stock opened at $23.40 on Wednesday. The company’s fifty day simple moving average is $21.14 and its two-hundred day simple moving average is $19.03. Blue Owl Capital Inc. has a 12-month low of $13.01 and a 12-month high of $24.17. The company has a market cap of $34.95 billion, a P/E ratio of 137.65, a PEG ratio of 1.51 and a beta of 1.14.

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, 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 net margin of 4.95% and a return on equity of 19.98%. During the same period in the prior year, the firm earned $0.16 earnings per share. Analysts predict that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

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

Analyst Upgrades and Downgrades

OWL has been the subject of a number of research reports. UBS Group upped their price objective on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. JMP Securities raised their price objective on Blue Owl Capital from $25.00 to $27.00 and gave the company a “market outperform” rating in a research note on Friday, November 15th. Piper Sandler boosted their target price 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. Deutsche Bank Aktiengesellschaft raised their price target on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company increased their price objective on Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.