Janney Montgomery Scott LLC Reduces Position in Blue Owl Capital Inc. (NYSE:OWL)

Janney Montgomery Scott LLC reduced its position in Blue Owl Capital Inc. (NYSE:OWL) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,334 shares of the company’s stock after selling 3,670 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Blue Owl Capital were worth $1,342,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Affinity Wealth Management LLC lifted its stake in shares of Blue Owl Capital by 5.3% during the 3rd quarter. Affinity Wealth Management LLC now owns 13,347 shares of the company’s stock worth $258,000 after acquiring an additional 675 shares during the last quarter. Raymond James Trust N.A. boosted its stake in shares of Blue Owl Capital by 6.7% during the second quarter. Raymond James Trust N.A. now owns 11,217 shares of the company’s stock valued at $199,000 after purchasing an additional 708 shares during the period. Capital Insight Partners LLC boosted its stake in shares of Blue Owl Capital by 2.6% during the second quarter. Capital Insight Partners LLC now owns 32,637 shares of the company’s stock valued at $579,000 after purchasing an additional 815 shares during the period. Private Advisor Group LLC grew its holdings in shares of Blue Owl Capital by 2.3% in the third quarter. Private Advisor Group LLC now owns 38,986 shares of the company’s stock worth $755,000 after purchasing an additional 885 shares during the last quarter. Finally, Great Diamond Partners LLC lifted its holdings in Blue Owl Capital by 2.5% during the 2nd quarter. Great Diamond Partners LLC now owns 42,626 shares of the company’s stock valued at $757,000 after buying an additional 1,030 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Piper Sandler upped their target price on shares of Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Wells Fargo & Company raised their price objective on Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. UBS Group upped their target price on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft increased their price target on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, JMP Securities lifted their price objective 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. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.15.

Blue Owl Capital Stock Performance

OWL stock opened at $22.72 on Friday. Blue Owl Capital Inc. has a one year low of $13.01 and a one year high of $24.17. The firm has a market cap of $33.24 billion, a price-to-earnings ratio of 133.63, a PEG ratio of 1.53 and a beta of 1.14. The firm has a 50-day simple moving average of $20.75 and a two-hundred day simple moving average of $18.93.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. The company had revenue of $600.88 million during 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 prior year, the company posted $0.16 earnings per share. As a group, equities analysts predict that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.17%. Blue Owl Capital’s payout ratio is 423.55%.

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.