King Luther Capital Management Corp Grows Position in Blue Owl Capital Inc. (NYSE:OWL)

King Luther Capital Management Corp increased its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 79,919 shares of the company’s stock after acquiring an additional 485 shares during the quarter. King Luther Capital Management Corp’s holdings in Blue Owl Capital were worth $1,547,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of OWL. Stone Point Capital LLC bought a new position in shares of Blue Owl Capital during the 2nd quarter valued at about $112,749,000. Foster Victor Wealth Advisors LLC lifted its position 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 buying an additional 77,253 shares in the last quarter. Janus Henderson Group PLC boosted its stake 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 buying an additional 81,222 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Blue Owl Capital during the 1st quarter valued at approximately $624,000. Finally, Comerica Bank increased its stake in Blue Owl Capital by 10.1% in the 1st quarter. Comerica Bank now owns 824,067 shares of the company’s stock worth $15,542,000 after acquiring an additional 75,802 shares during the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OWL has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft increased their target price on 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 increased their price objective on shares of Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. JMP Securities lifted their price objective on shares of 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. Piper Sandler upped their target price 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. Finally, UBS Group lifted their price target on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $22.31.

Blue Owl Capital Price Performance

Shares of NYSE OWL opened at $24.55 on Friday. Blue Owl Capital Inc. has a 1 year low of $13.01 and a 1 year high of $24.70. The firm has a 50-day simple moving average of $21.55 and a two-hundred day simple moving average of $19.14. The company has a market cap of $36.67 billion, a P/E ratio of 144.42, a PEG ratio of 1.57 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $565.93 million. During the same period in the prior year, the business posted $0.16 earnings per share. As a group, equities research analysts expect that Blue Owl Capital Inc. will post 0.78 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend was Monday, November 11th. 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.