Blue Owl Capital Inc. $OWL Shares Purchased by First National Trust Co

First National Trust Co increased its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 22.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 255,542 shares of the company’s stock after buying an additional 47,259 shares during the quarter. First National Trust Co’s holdings in Blue Owl Capital were worth $4,909,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Teacher Retirement System of Texas raised its position in shares of Blue Owl Capital by 14.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 90,259 shares of the company’s stock worth $1,734,000 after purchasing an additional 11,378 shares during the last quarter. Y Intercept Hong Kong Ltd raised its position in shares of Blue Owl Capital by 2,667.5% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 302,432 shares of the company’s stock worth $5,810,000 after purchasing an additional 291,504 shares during the last quarter. MorganRosel Wealth Management LLC acquired a new position in shares of Blue Owl Capital during the 2nd quarter worth approximately $51,000. Envestnet Asset Management Inc. raised its position in shares of Blue Owl Capital by 4.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 954,764 shares of the company’s stock worth $18,341,000 after purchasing an additional 36,784 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Blue Owl Capital by 63.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,326 shares of the company’s stock worth $179,000 after purchasing an additional 3,626 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OWL has been the subject of several research reports. Barclays cut their price objective on Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. BMO Capital Markets initiated coverage on Blue Owl Capital in a research report on Friday, October 3rd. They set an “outperform” rating and a $18.00 price objective for the company. Oppenheimer cut their price objective on Blue Owl Capital from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Cowen reaffirmed a “buy” rating on shares of Blue Owl Capital in a research note on Monday, August 4th. Finally, The Goldman Sachs Group lowered their target price on shares of Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.38.

Blue Owl Capital Stock Up 1.4%

Shares of NYSE OWL opened at $16.92 on Tuesday. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The firm has a fifty day moving average of $17.61 and a 200-day moving average of $18.48. The stock has a market capitalization of $26.21 billion, a PE ratio of 187.97, a P/E/G ratio of 1.19 and a beta of 1.13.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. The company had revenue of $703.11 million during the quarter, compared to analysts’ expectations of $642.13 million. Equities research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.90 annualized dividend and a dividend yield of 5.3%. Blue Owl Capital’s payout ratio is currently 1,000.00%.

Blue Owl Capital Company 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.