Blue Owl Capital Inc. $OWL Shares Bought by First Horizon Advisors Inc.

First Horizon Advisors Inc. grew its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 528.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,218 shares of the company’s stock after acquiring an additional 6,070 shares during the period. First Horizon Advisors Inc.’s holdings in Blue Owl Capital were worth $139,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cullen Frost Bankers Inc. boosted its position in Blue Owl Capital by 39.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company’s stock worth $42,000 after purchasing an additional 583 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Blue Owl Capital by 6.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,195 shares of the company’s stock worth $239,000 after purchasing an additional 724 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its position in shares of Blue Owl Capital by 4.0% in the first quarter. Nations Financial Group Inc. IA ADV now owns 20,469 shares of the company’s stock worth $410,000 after buying an additional 784 shares during the period. Keybank National Association OH boosted its position in shares of Blue Owl Capital by 5.2% in the second quarter. Keybank National Association OH now owns 18,326 shares of the company’s stock worth $352,000 after buying an additional 906 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake 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 buying an additional 916 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 3.2%

OWL stock opened at $15.42 on Friday. The firm has a 50 day simple moving average of $17.10 and a 200-day simple moving average of $18.40. The company has a market capitalization of $23.89 billion, a P/E ratio of 257.06, a PEG ratio of 1.15 and a beta of 1.12. Blue Owl Capital Inc. has a twelve month low of $14.52 and a twelve month high of $26.73.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The firm had revenue of $727.99 million for the quarter, compared to the consensus estimate of $685.95 million. Blue Owl Capital had a net margin of 1.89% and a return on equity of 20.05%. On average, research analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Monday, November 10th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.90 annualized dividend and a dividend yield of 5.8%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 1,500.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on OWL shares. Cowen reissued a “buy” rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Citigroup reissued a “market outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, October 21st. Barclays decreased their target price on shares of Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. JPMorgan Chase & Co. lifted their price target on shares of Blue Owl Capital from $21.50 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Finally, Evercore ISI decreased their price objective on shares of Blue Owl Capital from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and an average target price 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.