Raymond James Trust N.A. Buys 1,115 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Raymond James Trust N.A. lifted its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 9.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 12,332 shares of the company’s stock after acquiring an additional 1,115 shares during the period. Raymond James Trust N.A.’s holdings in Blue Owl Capital were worth $239,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. ORG Partners LLC bought a new position in Blue Owl Capital in the second quarter valued at about $32,000. ORG Wealth Partners LLC bought a new position in Blue Owl Capital in the 3rd quarter valued at approximately $32,000. Family Firm Inc. acquired a new stake in Blue Owl Capital during the 2nd quarter worth approximately $40,000. Rothschild Investment LLC bought a new stake in Blue Owl Capital during the 2nd quarter worth approximately $45,000. Finally, Triad Wealth Partners LLC acquired a new position in Blue Owl Capital in the 2nd quarter valued at approximately $88,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Trading Down 2.4 %

OWL opened at $23.77 on Friday. The company has a fifty day moving average price of $21.92 and a two-hundred day moving average price of $19.27. Blue Owl Capital Inc. has a 1-year low of $13.01 and a 1-year high of $25.03. The company 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.

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

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.03%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s payout ratio is currently 423.53%.

Analyst Ratings Changes

A number of equities analysts have recently commented on OWL shares. Wells Fargo & Company lifted their price target on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Evercore ISI upped their price target 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. Oppenheimer raised their price objective on 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 upped their target price on Blue Owl Capital from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, JMP Securities raised their price target on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock a “market outperform” rating in a report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and an average target price of $22.31.

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.