TD Private Client Wealth LLC Acquires 19,434 Shares of Blue Owl Capital Inc. (NYSE:OWL)

TD Private Client Wealth LLC lifted its stake in Blue Owl Capital Inc. (NYSE:OWL) by 149.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,430 shares of the company’s stock after purchasing an additional 19,434 shares during the period. TD Private Client Wealth LLC’s holdings in Blue Owl Capital were worth $628,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Kovitz Investment Group Partners LLC boosted 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 buying an additional 443 shares during the last quarter. King Luther Capital Management Corp boosted its stake in 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 acquiring an additional 485 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in 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 acquiring an additional 565 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Blue Owl Capital by 0.6% during the third quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company’s stock valued at $1,851,000 after purchasing an additional 575 shares during the period. Finally, MAI Capital Management increased its stake in Blue Owl Capital by 0.3% in the third quarter. MAI Capital Management now owns 189,251 shares of the company’s stock valued at $3,664,000 after purchasing an additional 607 shares in the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OWL has been the topic of a number of recent analyst reports. JMP Securities reissued a “market outperform” rating and set a $27.00 price target on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft boosted their target price on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Oppenheimer raised their price target on Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday. Wells Fargo & Company boosted their price objective on Blue Owl Capital from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Evercore ISI raised their target price 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. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $22.98.

Blue Owl Capital Stock Down 0.7 %

Shares of OWL stock opened at $24.38 on Friday. The firm 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. Blue Owl Capital Inc. has a 12 month low of $13.61 and a 12 month high of $25.03. The company’s fifty day simple moving average is $22.96 and its 200-day simple moving average is $19.67.

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

Blue Owl Capital Dividend Announcement

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