Barclays PLC Grows Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Barclays PLC grew its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 13.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,571,806 shares of the company’s stock after acquiring an additional 189,082 shares during the period. Barclays PLC’s holdings in Blue Owl Capital were worth $30,430,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stone Point Capital LLC purchased a new position in Blue Owl Capital in the second quarter valued at about $112,749,000. Westfield Capital Management Co. LP boosted its position in shares of Blue Owl Capital by 4.6% in the third quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock worth $130,415,000 after buying an additional 293,221 shares during the period. Raymond James & Associates grew its stake in shares of Blue Owl Capital by 41.8% in the third quarter. Raymond James & Associates now owns 308,465 shares of the company’s stock valued at $5,972,000 after buying an additional 90,998 shares in the last quarter. FMR LLC raised its holdings in shares of Blue Owl Capital by 29.9% during the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after buying an additional 8,138,475 shares during the period. Finally, Freedom Day Solutions LLC acquired a new position in Blue Owl Capital during the 3rd quarter worth approximately $1,675,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Blue Owl Capital from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Oppenheimer boosted their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday. Evercore ISI upped their price objective on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 target price on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.98.

Blue Owl Capital Stock Down 0.7 %

NYSE:OWL opened at $24.38 on Friday. The company has a market cap of $36.40 billion, a PE ratio of 143.38, a P/E/G ratio of 1.66 and a beta of 1.14. The business’s 50 day moving average is $22.96 and its two-hundred day moving average is $19.67. Blue Owl Capital Inc. has a 52 week low of $13.61 and a 52 week high of $25.03.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) 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 firm had revenue of $600.88 million for the quarter, compared to analysts’ expectations of $565.93 million. During the same period last year, the business posted $0.16 earnings per share. As a group, sell-side analysts expect that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 423.53%.

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.