Nations Financial Group Inc. IA ADV Has $369,000 Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Nations Financial Group Inc. IA ADV boosted its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 7.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 19,043 shares of the company’s stock after acquiring an additional 1,395 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Blue Owl Capital were worth $369,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Capital World Investors grew its holdings in shares of Blue Owl Capital by 0.3% in the 1st quarter. Capital World Investors now owns 63,339,128 shares of the company’s stock valued at $1,194,576,000 after buying an additional 163,377 shares during the period. Vanguard Group Inc. lifted its position in Blue Owl Capital by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 40,731,640 shares of the company’s stock worth $768,199,000 after buying an additional 250,977 shares in the last quarter. Capital International Investors lifted its position in Blue Owl Capital by 0.3% during the 1st quarter. Capital International Investors now owns 33,284,962 shares of the company’s stock worth $627,754,000 after buying an additional 107,321 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Blue Owl Capital by 11.9% in the 1st quarter. Capital Research Global Investors now owns 10,512,628 shares of the company’s stock valued at $198,268,000 after purchasing an additional 1,121,064 shares during the period. Finally, Stone Point Capital LLC bought a new stake in shares of Blue Owl Capital in the 2nd quarter valued at about $112,749,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

OWL stock opened at $22.72 on Friday. Blue Owl Capital Inc. has a 52-week low of $13.01 and a 52-week high of $24.17. The company has a fifty day moving average price of $20.75 and a 200-day moving average price of $18.93. The company has a market capitalization of $33.24 billion, a P/E ratio of 133.63, a PEG ratio of 1.53 and a beta of 1.14.

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. The business 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 quarter last year, the firm earned $0.16 earnings per share. As a group, sell-side analysts forecast 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 will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Monday, November 11th. Blue Owl Capital’s payout ratio is 423.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on OWL shares. UBS Group upped their target price on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Oppenheimer increased their target price on shares of Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Piper Sandler increased their price target on shares of Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Evercore ISI increased their price target on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company increased their price objective on shares of Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $22.15.

Blue Owl Capital 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.