Raymond James & Associates Acquires 90,998 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Raymond James & Associates lifted its position in Blue Owl Capital Inc. (NYSE:OWL) by 41.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 308,465 shares of the company’s stock after purchasing an additional 90,998 shares during the quarter. Raymond James & Associates’ holdings in Blue Owl Capital were worth $5,972,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital World Investors raised its position in Blue Owl Capital by 0.3% in the 1st quarter. Capital World Investors now owns 63,339,128 shares of the company’s stock worth $1,194,576,000 after purchasing an additional 163,377 shares during the period. Vanguard Group Inc. raised its holdings in Blue Owl Capital by 0.6% in the first quarter. Vanguard Group Inc. now owns 40,731,640 shares of the company’s stock worth $768,199,000 after purchasing an additional 250,977 shares in the last quarter. Capital International Investors boosted its stake in Blue Owl Capital by 0.3% in the first quarter. Capital International Investors now owns 33,284,962 shares of the company’s stock valued at $627,754,000 after acquiring an additional 107,321 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Blue Owl Capital by 11.9% during the first quarter. Capital Research Global Investors now owns 10,512,628 shares of the company’s stock worth $198,268,000 after acquiring an additional 1,121,064 shares during the last quarter. Finally, Stone Point Capital LLC purchased a new position in Blue Owl Capital in the 2nd quarter worth $112,749,000. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Down 3.2 %

OWL opened at $22.35 on Friday. The business has a 50 day moving average price of $19.72 and a two-hundred day moving average price of $18.66. Blue Owl Capital Inc. has a 52 week low of $12.19 and a 52 week high of $24.17. The company has a market cap of $32.71 billion, a PE ratio of 139.69, a P/E/G ratio of 1.29 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $549.85 million for the quarter, compared to analyst estimates of $507.22 million. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. During the same quarter in the prior year, the company posted $0.16 earnings per share. As a group, sell-side analysts expect that Blue Owl Capital Inc. will post 0.79 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on OWL. Wells Fargo & Company lifted their price objective on shares of Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. TD Cowen restated a “hold” rating and set a $19.00 price target (down previously from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating for the company in a report on Friday, August 2nd. 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 report on Tuesday, October 22nd. Finally, Oppenheimer lifted their price target on Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and an average price target of $21.65.

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.