Zurcher Kantonalbank Zurich Cantonalbank Has $1.65 Million Stake in Blue Owl Capital Inc. (NYSE:OWL)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Blue Owl Capital Inc. (NYSE:OWL) by 22.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 85,406 shares of the company’s stock after buying an additional 15,613 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Blue Owl Capital were worth $1,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new stake in Blue Owl Capital in the 3rd quarter worth $32,000. ORG Partners LLC acquired a new stake in Blue Owl Capital in the 2nd quarter worth $32,000. Family Firm Inc. acquired a new stake in Blue Owl Capital in the 2nd quarter worth $40,000. Rothschild Investment LLC acquired a new stake in Blue Owl Capital in the 2nd quarter worth $45,000. Finally, Triad Wealth Partners LLC bought a new position in shares of Blue Owl Capital during the 2nd quarter worth about $88,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OWL. Evercore ISI raised their price objective on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Oppenheimer raised their price objective on shares of Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. UBS Group raised their price objective on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 price objective on shares of Blue Owl Capital in a report on Wednesday. Finally, Wells Fargo & Company raised their price objective on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus price target of $22.31.

Blue Owl Capital Trading Up 1.9 %

Shares of NYSE OWL opened at $23.43 on Thursday. Blue Owl Capital Inc. has a 1-year low of $13.01 and a 1-year high of $25.03. The company has a market cap of $34.99 billion, a PE ratio of 137.83, a P/E/G ratio of 1.54 and a beta of 1.14. The company has a 50-day moving average of $22.28 and a two-hundred day moving average of $19.40.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share 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 company had revenue of $600.88 million during the quarter, compared to the consensus estimate of $565.93 million. During the same period in the previous year, the firm posted $0.16 earnings per share. As a group, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s dividend payout ratio is presently 423.55%.

About Blue Owl Capital

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.