MML Investors Services LLC Sells 59,369 Shares of Blue Owl Capital Inc. (NYSE:OWL)

MML Investors Services LLC decreased its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 85.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,424 shares of the company’s stock after selling 59,369 shares during the quarter. MML Investors Services LLC’s holdings in Blue Owl Capital were worth $202,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new position in Blue Owl Capital in the 3rd quarter valued at $32,000. Rothschild Investment LLC bought a new position in Blue Owl Capital in the 2nd quarter valued at approximately $45,000. Signaturefd LLC lifted its holdings in shares of Blue Owl Capital by 19.3% during the third quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock worth $177,000 after purchasing an additional 1,476 shares during the period. One Wealth Advisors LLC acquired a new stake in Blue Owl Capital during the 3rd quarter valued at approximately $202,000. Finally, Camden National Bank acquired a new stake in shares of Blue Owl Capital during the third quarter worth $203,000. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Stock Down 0.2 %

Shares of OWL stock opened at $24.02 on Friday. The company’s fifty day simple moving average is $23.38 and its two-hundred day simple moving average is $20.03. Blue Owl Capital Inc. has a 52 week low of $14.37 and a 52 week high of $25.03. The stock has a market cap of $35.87 billion, a P/E ratio of 141.30, a PEG ratio of 1.66 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. The company had revenue of $600.88 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted $0.16 earnings per share. On average, analysts anticipate that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced 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 dividend yield of 3.00%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.53%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on OWL shares. Piper Sandler raised their price target on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday. Evercore ISI boosted their target price on Blue Owl Capital from $21.00 to $22.00 and gave the company 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 research note on Wednesday, December 4th. Oppenheimer raised their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, UBS Group increased their target price on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average target price of $23.73.

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.