Stifel Financial Corp Sells 4,332 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Stifel Financial Corp reduced its stake in Blue Owl Capital Inc. (NYSE:OWL) by 2.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 201,145 shares of the company’s stock after selling 4,332 shares during the quarter. Stifel Financial Corp’s holdings in Blue Owl Capital were worth $3,894,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OWL. Quantinno Capital Management LP boosted its position in shares of Blue Owl Capital by 13.6% during the third quarter. Quantinno Capital Management LP now owns 59,261 shares of the company’s stock worth $1,147,000 after buying an additional 7,112 shares during the period. Prana Capital Management LP lifted its stake in Blue Owl Capital by 52.2% in the 3rd quarter. Prana Capital Management LP now owns 732,669 shares of the company’s stock valued at $14,184,000 after acquiring an additional 251,285 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Blue Owl Capital by 29.1% in the third quarter. HighTower Advisors LLC now owns 3,599,852 shares of the company’s stock valued at $69,690,000 after purchasing an additional 811,334 shares during the last quarter. Benjamin Edwards Inc. lifted its position in shares of Blue Owl Capital by 93.2% in the third quarter. Benjamin Edwards Inc. now owns 22,230 shares of the company’s stock worth $430,000 after purchasing an additional 10,721 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new position in Blue Owl Capital in the third quarter valued at $510,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OWL has been the topic of several analyst reports. Piper Sandler boosted their price target on shares of Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 1st. UBS Group boosted their target price on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 price target on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Finally, Oppenheimer lifted their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.98.

Blue Owl Capital Price Performance

OWL opened at $24.81 on Tuesday. The business has a fifty day simple moving average of $23.04 and a 200 day simple moving average of $19.71. Blue Owl Capital Inc. has a 1 year low of $14.28 and a 1 year high of $25.03. The company has a market capitalization of $37.05 billion, a PE ratio of 145.94, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to the consensus estimate of $565.93 million. During the same period in the prior year, the company posted $0.16 earnings per share. Equities analysts anticipate that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, November 11th. This represents a $0.72 annualized dividend and a dividend yield of 2.90%. Blue Owl Capital’s dividend payout ratio is presently 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.