Fiduciary Trust Co Has $1.10 Million Position in Blue Owl Capital Inc. (NYSE:OWL)

Fiduciary Trust Co lifted its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 31.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 56,665 shares of the company’s stock after buying an additional 13,498 shares during the quarter. Fiduciary Trust Co’s holdings in Blue Owl Capital were worth $1,097,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC increased its position in Blue Owl Capital by 32.6% in the 1st quarter. Janus Henderson Group PLC now owns 330,095 shares of the company’s stock valued at $6,224,000 after acquiring an additional 81,222 shares during the period. California State Teachers Retirement System increased its holdings in Blue Owl Capital by 3.8% in the first quarter. California State Teachers Retirement System now owns 415,884 shares of the company’s stock valued at $7,844,000 after purchasing an additional 15,179 shares during the period. Tidal Investments LLC raised its position in Blue Owl Capital by 11.2% during the 1st quarter. Tidal Investments LLC now owns 30,498 shares of the company’s stock worth $575,000 after purchasing an additional 3,072 shares during the last quarter. Virtu Financial LLC acquired a new position in Blue Owl Capital during the 1st quarter worth about $599,000. Finally, First Hawaiian Bank bought a new stake in shares of Blue Owl Capital in the 2nd quarter valued at about $184,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

OWL stock opened at $23.73 on Friday. Blue Owl Capital Inc. has a 1 year low of $13.01 and a 1 year high of $25.03. The stock has a market capitalization of $35.44 billion, a PE ratio of 139.60, a price-to-earnings-growth ratio of 1.59 and a beta of 1.14. The company’s 50-day moving average is $22.02 and its 200-day moving average is $19.30.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting 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 firm had revenue of $600.88 million during the quarter, compared to analysts’ expectations of $565.93 million. During the same quarter last year, the firm posted $0.16 earnings per share. On average, analysts anticipate that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were issued a dividend of $0.18 per share. The ex-dividend date was Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 3.03%. Blue Owl Capital’s payout ratio is 423.55%.

Wall Street Analyst Weigh In

OWL has been the subject of a number of analyst reports. Evercore ISI raised their price objective on Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Wells Fargo & Company raised 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. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. UBS Group lifted their target price on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Piper Sandler upped their price target on shares of Blue Owl Capital from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Blue Owl Capital presently has an average rating of “Moderate Buy” and a consensus price target of $22.31.

Blue Owl Capital Company 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.