Blue Owl Capital Inc. (NYSE:OWL) Shares Bought by US Bancorp DE

US Bancorp DE grew its stake in Blue Owl Capital Inc. (NYSE:OWL) by 49.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,336 shares of the company’s stock after purchasing an additional 4,387 shares during the quarter. US Bancorp DE’s holdings in Blue Owl Capital were worth $258,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Hudson Valley Investment Advisors Inc. ADV acquired a new position in Blue Owl Capital in the third quarter worth $3,307,000. First Trust Direct Indexing L.P. bought a new stake in shares of Blue Owl Capital during the 3rd quarter valued at about $224,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Blue Owl Capital by 37.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,823 shares of the company’s stock worth $1,113,000 after acquiring an additional 15,610 shares during the period. Lake Street Advisors Group LLC lifted its holdings in shares of Blue Owl Capital by 20.5% in the 3rd quarter. Lake Street Advisors Group LLC now owns 39,626 shares of the company’s stock worth $767,000 after purchasing an additional 6,743 shares during the last quarter. Finally, Freedom Day Solutions LLC bought a new position in Blue Owl Capital during the 3rd quarter worth $1,675,000. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

Shares of OWL opened at $22.46 on Thursday. Blue Owl Capital Inc. has a one year low of $13.01 and a one year high of $24.17. The company has a 50-day moving average of $20.62 and a two-hundred day moving average of $18.90. The stock has a market cap of $32.87 billion, a price-to-earnings ratio of 132.13, a PEG ratio of 1.53 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting 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 company had revenue of $600.88 million for the quarter, compared to the consensus estimate of $565.93 million. During the same period in the previous year, the business earned $0.16 EPS. Analysts anticipate that Blue Owl Capital Inc. will post 0.78 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 3.21%. Blue Owl Capital’s dividend payout ratio is presently 423.55%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on OWL shares. Wells Fargo & Company upped their price target on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Oppenheimer lifted their target price on Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. JMP Securities raised their price target on Blue Owl Capital from $24.00 to $25.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Evercore ISI boosted their target price on Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and a consensus target price of $22.15.

Blue Owl Capital Company 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.