King Luther Capital Management Corp Increases Holdings in Blue Owl Capital Inc. (NYSE:OWL)

King Luther Capital Management Corp increased its position in Blue Owl Capital Inc. (NYSE:OWL) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,919 shares of the company’s stock after purchasing an additional 485 shares during the quarter. King Luther Capital Management Corp’s holdings in Blue Owl Capital were worth $1,547,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Apollon Wealth Management LLC grew its position in shares of Blue Owl Capital by 1.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company’s stock worth $1,009,000 after buying an additional 565 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Blue Owl Capital by 0.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company’s stock worth $1,851,000 after acquiring an additional 575 shares in the last quarter. MAI Capital Management grew its holdings in Blue Owl Capital by 0.3% during the 3rd quarter. MAI Capital Management now owns 189,251 shares of the company’s stock worth $3,664,000 after acquiring an additional 607 shares in the last quarter. Affinity Wealth Management LLC increased its position in Blue Owl Capital by 5.3% during the 3rd quarter. Affinity Wealth Management LLC now owns 13,347 shares of the company’s stock valued at $258,000 after purchasing an additional 675 shares during the period. Finally, SpiderRock Advisors LLC raised its holdings in shares of Blue Owl Capital by 2.3% in the 3rd quarter. SpiderRock Advisors LLC now owns 30,630 shares of the company’s stock valued at $593,000 after purchasing an additional 701 shares in the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on OWL shares. Evercore ISI increased 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 note on Tuesday, October 8th. Piper Sandler lifted their price target on Blue Owl Capital from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, November 1st. UBS Group upped their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. JMP Securities lifted their target price on Blue Owl Capital from $25.00 to $27.00 and gave the company a “market outperform” rating in a research note on Friday, November 15th. Finally, Wells Fargo & Company increased their price target on shares of Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.31.

Blue Owl Capital Stock Up 0.9 %

Shares of Blue Owl Capital stock opened at $24.55 on Friday. The firm has a market capitalization of $36.67 billion, a P/E ratio of 144.42, a PEG ratio of 1.57 and a beta of 1.14. Blue Owl Capital Inc. has a 52 week low of $13.01 and a 52 week high of $24.70. The company has a 50 day moving average price of $21.55 and a 200 day moving average price of $19.14.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The business had revenue of $600.88 million during the quarter, compared to analysts’ expectations of $565.93 million. During the same quarter last year, the company posted $0.16 earnings per share. As a group, research analysts anticipate that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s 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.