Legal & General Group Plc Purchases 99,754 Shares of Blue Owl Capital Inc. $OWL

Legal & General Group Plc grew its position in Blue Owl Capital Inc. (NYSE:OWL) by 16.4% during the second quarter, HoldingsChannel.com reports. The firm owned 706,582 shares of the company’s stock after buying an additional 99,754 shares during the quarter. Legal & General Group Plc’s holdings in Blue Owl Capital were worth $13,573,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Banque Transatlantique SA acquired a new stake in Blue Owl Capital in the 1st quarter valued at approximately $31,000. SVB Wealth LLC bought a new position in shares of Blue Owl Capital during the 1st quarter worth approximately $38,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Blue Owl Capital in the first quarter valued at approximately $50,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Blue Owl Capital by 58.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock valued at $50,000 after purchasing an additional 916 shares during the last quarter. Finally, MorganRosel Wealth Management LLC bought a new stake in shares of Blue Owl Capital in the second quarter worth $51,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Stock Up 1.9%

Shares of NYSE OWL opened at $15.04 on Friday. The business’s 50 day moving average price is $15.92 and its two-hundred day moving average price is $17.97. The company has a market cap of $23.45 billion, a PE ratio of 250.63, a price-to-earnings-growth ratio of 1.13 and a beta of 1.12. Blue Owl Capital Inc. has a twelve month low of $13.25 and a twelve month high of $26.73.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, October 30th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $687.00 million during the quarter, compared to the consensus estimate of $685.95 million. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%. As a group, research analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.0%. The ex-dividend date was Monday, November 10th. Blue Owl Capital’s payout ratio is currently 1,500.00%.

Wall Street Analysts Forecast Growth

OWL has been the subject of a number of analyst reports. The Goldman Sachs Group decreased their target price on shares of Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. JPMorgan Chase & Co. lifted their target price on Blue Owl Capital from $21.50 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Barclays reduced their price target on Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Cowen reaffirmed a “buy” rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Finally, Evercore ISI dropped their price objective on Blue Owl Capital from $21.00 to $19.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

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.