Fred Alger Management LLC Buys 11,663 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Fred Alger Management LLC increased its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 1.5% in the 3rd quarter, Holdings Channel reports. The firm owned 781,408 shares of the company’s stock after buying an additional 11,663 shares during the period. Fred Alger Management LLC’s holdings in Blue Owl Capital were worth $15,128,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OWL. Stone Point Capital LLC purchased a new stake in Blue Owl Capital during the 2nd quarter valued at $112,749,000. Foster Victor Wealth Advisors LLC grew its holdings in shares of Blue Owl Capital by 12.3% in the second quarter. Foster Victor Wealth Advisors LLC now owns 705,176 shares of the company’s stock worth $12,954,000 after acquiring an additional 77,253 shares during the period. Janus Henderson Group PLC increased its position in Blue Owl Capital by 32.6% during the first 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 last quarter. Westfield Capital Management Co. LP lifted its holdings in Blue Owl Capital by 4.6% in the third quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock valued at $130,415,000 after acquiring an additional 293,221 shares during the period. Finally, Raymond James & Associates boosted its position in Blue Owl Capital by 41.8% in the third quarter. Raymond James & Associates now owns 308,465 shares of the company’s stock worth $5,972,000 after purchasing an additional 90,998 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

OWL has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company upped their target price on shares of Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. UBS Group lifted their price target 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. JMP Securities upped their price objective on Blue Owl Capital from $25.00 to $27.00 and gave the stock a “market outperform” rating in a research note on Friday, November 15th. Finally, Oppenheimer lifted their target price on Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.31.

Blue Owl Capital Stock Down 0.2 %

NYSE OWL opened at $23.73 on Friday. The business has a 50-day moving average price of $22.02 and a 200-day moving average price of $19.30. The firm has a market cap of $35.44 billion, a price-to-earnings ratio of 139.60, a price-to-earnings-growth ratio of 1.59 and a beta of 1.14. Blue Owl Capital Inc. has a twelve month low of $13.01 and a twelve month high of $25.03.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting 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 analyst estimates of $565.93 million. During the same period last year, the firm posted $0.16 EPS. Research analysts expect that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

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

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.