Loomis Sayles & Co. L P Has $84,000 Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

Loomis Sayles & Co. L P lowered its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 13.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,359 shares of the company’s stock after selling 663 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Blue Owl Capital were worth $84,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Westfield Capital Management Co. LP lifted its holdings in shares of Blue Owl Capital by 4.6% during 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 in the last quarter. Stone Point Capital LLC acquired a new stake in shares of Blue Owl Capital during the second quarter worth $112,749,000. Point72 Asset Management L.P. lifted its holdings in shares of Blue Owl Capital by 69.2% during the second quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company’s stock worth $73,035,000 after buying an additional 1,683,408 shares in the last quarter. State of New Jersey Common Pension Fund A acquired a new stake in shares of Blue Owl Capital during the second quarter worth $63,115,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Blue Owl Capital by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 2,406,242 shares of the company’s stock worth $42,711,000 after buying an additional 105,774 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Trading Down 2.4 %

NYSE:OWL opened at $23.77 on Friday. The stock has a market cap of $35.50 billion, a P/E ratio of 139.82, a price-to-earnings-growth ratio of 1.63 and a beta of 1.14. The stock’s 50-day moving average is $21.92 and its 200-day moving average is $19.27. Blue Owl Capital Inc. has a 1-year low of $13.01 and a 1-year high of $25.03.

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

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors 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 3.03%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s dividend payout ratio is currently 423.53%.

Wall Street Analyst Weigh In

OWL has been the subject of a number of research reports. Oppenheimer lifted their target price on Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft boosted their price target 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. JMP Securities boosted their price target 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. Piper Sandler lifted their target price on Blue Owl Capital from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Evercore ISI lifted their target price on Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.31.

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.