Blue Owl Capital Inc. (NYSE:OWL) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 14.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 8,152,157 shares of the company’s stock after buying an additional 1,016,505 shares during the period. Geode Capital Management LLC’s holdings in Blue Owl Capital were worth $157,870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Kovitz Investment Group Partners LLC lifted its holdings in shares of Blue Owl Capital by 1.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock valued at $622,000 after buying an additional 443 shares during the period. King Luther Capital Management Corp boosted its holdings in Blue Owl Capital by 0.6% during the third quarter. King Luther Capital Management Corp now owns 79,919 shares of the company’s stock worth $1,547,000 after buying an additional 485 shares in the last quarter. Apollon Wealth Management LLC grew 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 buying an additional 565 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Blue Owl Capital by 0.6% in the 3rd 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. Finally, MAI Capital Management raised its holdings in Blue Owl Capital by 0.3% in 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 during the period. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Up 1.8 %

Shares of NYSE:OWL opened at $24.81 on Tuesday. Blue Owl Capital Inc. has a 52-week low of $14.28 and a 52-week high of $25.03. The business has a fifty day moving average of $23.04 and a two-hundred day moving average of $19.71. The stock has a market cap of $37.05 billion, a P/E ratio of 145.94, a PEG ratio of 1.66 and a beta of 1.14.

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

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

Analysts Set New Price Targets

OWL has been the topic of several research analyst reports. UBS Group raised their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Evercore ISI boosted their target price on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. JMP Securities reiterated a “market outperform” rating and issued a $27.00 price objective on shares of Blue Owl Capital in a report on Wednesday, December 4th. Wells Fargo & Company increased their target price on Blue Owl Capital from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, Piper Sandler lifted their price target on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.98.

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.