Nations Financial Group Inc. IA ADV Invests $313,000 in Blue Owl Capital Inc. (NYSE:OWL)

Nations Financial Group Inc. IA ADV acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,648 shares of the company’s stock, valued at approximately $313,000.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Trust N.A. boosted its position in shares of Blue Owl Capital by 6.7% in the 2nd quarter. Raymond James Trust N.A. now owns 11,217 shares of the company’s stock worth $199,000 after buying an additional 708 shares in the last quarter. M&T Bank Corp boosted its position in Blue Owl Capital by 7.0% during the fourth quarter. M&T Bank Corp now owns 11,512 shares of the company’s stock worth $172,000 after acquiring an additional 753 shares during the last quarter. Capital Insight Partners LLC grew its stake in Blue Owl Capital by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 32,637 shares of the company’s stock worth $579,000 after acquiring an additional 815 shares during the period. Great Diamond Partners LLC boosted its holdings in shares of Blue Owl Capital by 2.5% during the second quarter. Great Diamond Partners LLC now owns 42,626 shares of the company’s stock worth $757,000 after purchasing an additional 1,030 shares during the last quarter. Finally, Whalen Wealth Management Inc. increased its stake in Blue Owl Capital by 4.0% in the first quarter. Whalen Wealth Management Inc. now owns 28,744 shares of the company’s stock valued at $542,000 after purchasing an additional 1,098 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on OWL shares. Citigroup reiterated a “buy” rating and set a $21.00 price objective on shares of Blue Owl Capital in a report on Tuesday, May 14th. JPMorgan Chase & Co. restated a “neutral” rating and set a $18.50 price objective on shares of Blue Owl Capital in a report on Thursday, June 13th. Piper Sandler reduced their target price on Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. TD Cowen restated a “hold” rating and issued a $19.00 price objective (down from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Finally, UBS Group decreased their target price on Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.23.

Blue Owl Capital Trading Down 0.4 %

OWL stock traded down $0.07 during midday trading on Friday, hitting $17.64. 4,136,016 shares of the company’s stock were exchanged, compared to its average volume of 5,307,477. The firm has a 50 day moving average price of $17.82 and a 200-day moving average price of $18.09. Blue Owl Capital Inc. has a 12-month low of $11.54 and a 12-month high of $20.13. The stock has a market capitalization of $25.20 billion, a price-to-earnings ratio of 148.33, a price-to-earnings-growth ratio of 1.08 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.12%. The business had revenue of $549.85 million during the quarter, compared to analyst estimates of $507.22 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. On average, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.81 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.72 annualized dividend and a dividend yield of 4.08%. Blue Owl Capital’s payout ratio is 600.00%.

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.