Blue Owl Capital Inc. $OWL Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers increased its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 26.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 101,721 shares of the company’s stock after acquiring an additional 21,109 shares during the period. Cetera Investment Advisers’ holdings in Blue Owl Capital were worth $1,954,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Blue Owl Capital by 13.5% during the first quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company’s stock worth $1,210,674,000 after purchasing an additional 7,206,495 shares in the last quarter. Ceredex Value Advisors LLC raised its stake in shares of Blue Owl Capital by 167.1% during the 1st quarter. Ceredex Value Advisors LLC now owns 3,259,655 shares of the company’s stock worth $65,323,000 after buying an additional 2,039,355 shares during the period. Select Equity Group L.P. purchased a new position in shares of Blue Owl Capital during the 1st quarter valued at approximately $38,810,000. HMI Capital Management L.P. acquired a new stake in Blue Owl Capital in the 1st quarter valued at $30,343,000. Finally, Vaughan Nelson Investment Management L.P. grew its stake in Blue Owl Capital by 513.1% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,576,490 shares of the company’s stock valued at $30,284,000 after acquiring an additional 1,319,350 shares during the period. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 1.9%

OWL stock opened at $15.04 on Friday. The firm has a 50-day moving average of $15.92 and a two-hundred day moving average of $17.97. Blue Owl Capital Inc. has a 12 month low of $13.25 and a 12 month high of $26.73. The company has a market cap of $23.45 billion, a price-to-earnings ratio of 250.63, a PEG ratio of 1.13 and a beta of 1.12.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%.The business had revenue of $687.00 million during the quarter, compared to analyst estimates of $685.95 million. As a group, equities analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Evercore ISI dropped their target price on shares of Blue Owl Capital from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. JPMorgan Chase & Co. lifted their price objective on Blue Owl Capital from $21.50 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. BMO Capital Markets started coverage on Blue Owl Capital in a research note on Friday, October 3rd. They set an “outperform” rating and a $18.00 price objective for the company. Barclays reduced their target price on Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Finally, Oppenheimer set a $25.00 price target on Blue Owl Capital and gave the stock an “outperform” rating in a research note on Friday, October 31st. One research 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’s stock. Based on data from MarketBeat.com, Blue Owl Capital presently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

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.