Fiduciary Trust Co Acquires 13,498 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Fiduciary Trust Co raised its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 31.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,665 shares of the company’s stock after buying an additional 13,498 shares during the period. Fiduciary Trust Co’s holdings in Blue Owl Capital were worth $1,097,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. FMR LLC raised its stake in Blue Owl Capital by 29.9% in the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after acquiring an additional 8,138,475 shares during the period. Stone Point Capital LLC acquired a new position in shares of Blue Owl Capital in the second quarter valued at $112,749,000. State of New Jersey Common Pension Fund A bought a new position in shares of Blue Owl Capital in the second quarter valued at about $63,115,000. Ceredex Value Advisors LLC bought a new stake in shares of Blue Owl Capital during the 2nd quarter worth about $32,387,000. Finally, Point72 Asset Management L.P. grew its stake in Blue Owl Capital by 69.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company’s stock valued at $73,035,000 after buying an additional 1,683,408 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on OWL shares. Oppenheimer boosted their price objective on Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Wells Fargo & Company boosted their price target on Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Piper Sandler increased their price objective on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. UBS Group boosted their target price on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, JMP Securities raised their price target on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock a “market outperform” rating in a research report on Friday, November 15th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average target price of $22.31.

Blue Owl Capital Price Performance

NYSE OWL opened at $23.73 on Friday. Blue Owl Capital Inc. has a fifty-two week low of $13.01 and a fifty-two week high of $25.03. The business has a fifty day moving average price of $22.02 and a two-hundred day moving average price of $19.30. The stock has a market capitalization of $35.44 billion, a PE ratio of 139.60, a PEG ratio of 1.59 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The business had revenue of $600.88 million during the quarter, compared to the consensus estimate of $565.93 million. During the same period in the prior year, the company earned $0.16 EPS. As a group, sell-side analysts expect that Blue Owl Capital Inc. will post 0.78 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s dividend payout ratio is 423.55%.

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.