Blue Owl Capital Inc. (NYSE:OWL) Shares Bought by Barclays PLC

Barclays PLC grew its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 13.7% in the third quarter, according to the company in its most recent 13F 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 owned about 0.11% of Blue Owl Capital worth $30,430,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Kovitz Investment Group Partners LLC raised its holdings in Blue Owl Capital by 1.4% during the third quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock worth $622,000 after purchasing an additional 443 shares during the last quarter. King Luther Capital Management Corp raised its stake in shares of Blue Owl Capital by 0.6% during the 3rd quarter. King Luther Capital Management Corp now owns 79,919 shares of the company’s stock worth $1,547,000 after buying an additional 485 shares during the last quarter. Apollon Wealth Management LLC boosted its position in shares of Blue Owl Capital by 1.1% in 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 stake in Blue Owl Capital by 0.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company’s stock valued at $1,851,000 after acquiring an additional 575 shares during the last quarter. Finally, MAI Capital Management increased 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 valued at $3,664,000 after acquiring an additional 607 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on OWL. Evercore ISI upped their price target on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Oppenheimer increased their target price on Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday. Wells Fargo & Company boosted their price target on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 price objective on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.98.

Blue Owl Capital Price Performance

Shares of OWL stock opened at $24.38 on Friday. The firm’s 50-day simple moving average is $22.96 and its 200-day simple moving average is $19.67. Blue Owl Capital Inc. has a 1-year low of $13.61 and a 1-year high of $25.03. The firm has a market cap of $36.40 billion, a P/E ratio of 143.38, a PEG ratio of 1.66 and a beta of 1.14.

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

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s payout ratio is currently 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.