Commerce Bank trimmed its position in shares of Blue Owl Capital Inc. (NYSE:OWL – Free Report) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,057 shares of the company’s stock after selling 3,603 shares during the period. Commerce Bank’s holdings in Blue Owl Capital were worth $3,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Transcendent Capital Group LLC purchased a new stake in Blue Owl Capital during the first quarter valued at $26,000. ORG Wealth Partners LLC purchased a new stake in shares of Blue Owl Capital during the 3rd quarter valued at about $32,000. ORG Partners LLC bought a new position in shares of Blue Owl Capital in the 2nd quarter valued at about $32,000. Family Firm Inc. bought a new position in shares of Blue Owl Capital in the 2nd quarter valued at about $40,000. Finally, Rothschild Investment LLC purchased a new position in Blue Owl Capital in the second quarter worth about $45,000. 35.85% of the stock is currently owned by institutional investors.
Blue Owl Capital Stock Up 0.9 %
Shares of NYSE OWL opened at $24.55 on Friday. Blue Owl Capital Inc. has a twelve month low of $13.01 and a twelve month high of $24.70. The business has a fifty day simple moving average of $21.55 and a two-hundred day simple moving average of $19.14. The firm has a market cap of $36.67 billion, a PE ratio of 144.42, a price-to-earnings-growth ratio of 1.57 and a beta of 1.14.
Blue Owl Capital Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.93%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s payout ratio is 423.55%.
Wall Street Analyst Weigh In
OWL has been the topic of a number of recent research reports. Oppenheimer upped their price objective 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. Piper Sandler lifted their price objective on shares of Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price objective 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 lifted 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 research note on Wednesday, October 9th. Finally, Evercore ISI increased their price objective on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock 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 given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.31.
View Our Latest Report on Blue Owl Capital
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.
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