HighTower Advisors LLC Buys 811,334 Shares of Blue Owl Capital Inc. (NYSE:OWL)

HighTower Advisors LLC grew its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 29.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,599,852 shares of the company’s stock after purchasing an additional 811,334 shares during the quarter. HighTower Advisors LLC owned about 0.25% of Blue Owl Capital worth $69,690,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its position in shares of Blue Owl Capital by 29.9% during the 3rd quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after purchasing an additional 8,138,475 shares in the last quarter. Stone Point Capital LLC bought a new position in shares of Blue Owl Capital during the 2nd quarter worth approximately $112,749,000. State of New Jersey Common Pension Fund A acquired a new stake in shares of Blue Owl Capital during the 2nd quarter worth approximately $63,115,000. Ceredex Value Advisors LLC bought a new stake in shares of Blue Owl Capital in the 2nd quarter valued at $32,387,000. Finally, Point72 Asset Management L.P. lifted its position in shares of Blue Owl Capital by 69.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company’s stock valued at $73,035,000 after acquiring an additional 1,683,408 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

OWL has been the subject of several research analyst reports. JMP Securities lifted their price target on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company a “market outperform” rating in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft upped their price target on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. UBS Group raised their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company upped their target price on Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Finally, Evercore ISI lifted their price target on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average target price of $22.31.

Blue Owl Capital Price Performance

NYSE OWL opened at $23.02 on Wednesday. The company has a fifty day moving average price of $22.20 and a 200-day moving average price of $19.37. The firm has a market cap of $34.38 billion, a price-to-earnings ratio of 135.42, a PEG ratio of 1.54 and a beta of 1.14. Blue Owl Capital Inc. has a 1 year low of $13.01 and a 1 year high of $25.03.

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

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were given a $0.18 dividend. The ex-dividend date was Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 3.13%. Blue Owl Capital’s dividend payout ratio is currently 423.55%.

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.