Franklin Resources Inc. Raises Holdings in Blue Owl Capital Inc. $OWL

Franklin Resources Inc. lifted its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 1.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,049,534 shares of the company’s stock after purchasing an additional 52,096 shares during the period. Franklin Resources Inc.’s holdings in Blue Owl Capital were worth $58,582,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Banque Transatlantique SA acquired a new stake in shares of Blue Owl Capital in the 1st quarter valued at about $31,000. SVB Wealth LLC acquired a new position in Blue Owl Capital during the first quarter worth approximately $38,000. Northwestern Mutual Wealth Management Co. lifted its stake in Blue Owl Capital by 58.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock valued at $50,000 after buying an additional 916 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of Blue Owl Capital in the first quarter valued at approximately $50,000. Finally, MorganRosel Wealth Management LLC purchased a new position in shares of Blue Owl Capital during the second quarter worth approximately $51,000. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

Shares of NYSE OWL opened at $14.17 on Tuesday. The firm has a market cap of $22.10 billion, a P/E ratio of 236.21, a price-to-earnings-growth ratio of 1.06 and a beta of 1.12. Blue Owl Capital Inc. has a 1 year low of $13.25 and a 1 year high of $26.73. The firm’s 50 day moving average price is $16.24 and its 200 day moving average price is $18.09.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%.The company had revenue of $687.00 million for the quarter, compared to analyst estimates of $685.95 million. As a group, equities analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Monday, November 10th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 1,500.00%.

Analyst Ratings Changes

OWL has been the subject of several research reports. Barclays reduced their price target on shares of Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Citigroup restated a “market outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, October 21st. BMO Capital Markets initiated coverage on Blue Owl Capital in a report on Friday, October 3rd. They issued an “outperform” rating and a $18.00 target price for the company. Cowen restated a “buy” rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Finally, Oppenheimer set a $25.00 price target on shares of Blue Owl Capital and gave the company an “outperform” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

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.