Kovitz Investment Group Partners LLC Raises Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Kovitz Investment Group Partners LLC grew its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,852 shares of the company’s stock after acquiring an additional 443 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Blue Owl Capital were worth $622,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in OWL. Stone Point Capital LLC bought a new stake in Blue Owl Capital in the 2nd quarter worth approximately $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. Westfield Capital Management Co. LP increased its position in Blue Owl Capital by 4.6% during 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 last quarter. 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. Finally, FMR LLC grew its stake 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 during the period. 35.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted 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 note on Friday, November 1st. JMP Securities restated a “market outperform” rating and issued a $27.00 price target on shares of Blue Owl Capital in a research report on Wednesday, December 4th. 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 note on Tuesday, October 8th. UBS Group boosted 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. Finally, Wells Fargo & Company raised their target price on shares of Blue Owl Capital from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus target price of $22.98.

Blue Owl Capital Stock Performance

Shares of NYSE OWL opened at $24.53 on Friday. The company has a market cap of $36.64 billion, a P/E ratio of 144.29, a P/E/G ratio of 1.58 and a beta of 1.14. Blue Owl Capital Inc. has a 52-week low of $13.01 and a 52-week high of $25.03. The firm’s fifty day moving average is $22.89 and its two-hundred day moving average is $19.63.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share 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 firm 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 earnings per share. As a group, analysts forecast that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were paid 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 2.94%. Blue Owl Capital’s payout ratio is currently 423.53%.

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.