Thrivent Financial for Lutherans Cuts Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Thrivent Financial for Lutherans lowered its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 9.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 360,006 shares of the company’s stock after selling 36,957 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Blue Owl Capital were worth $6,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of OWL. Russell Investments Group Ltd. boosted its holdings in shares of Blue Owl Capital by 6,783.8% during the 1st quarter. Russell Investments Group Ltd. now owns 25,470 shares of the company’s stock valued at $480,000 after acquiring an additional 25,100 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Blue Owl Capital in the first quarter worth approximately $624,000. Quadrature Capital Ltd bought a new stake in Blue Owl Capital in the 1st quarter worth approximately $738,000. 1832 Asset Management L.P. grew its position in Blue Owl Capital by 159.6% in the 1st quarter. 1832 Asset Management L.P. now owns 1,366,567 shares of the company’s stock worth $25,773,000 after purchasing an additional 840,167 shares during the period. Finally, LRI Investments LLC purchased a new stake in Blue Owl Capital during the 1st quarter valued at $105,000. 35.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OWL. UBS Group raised their price target on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft boosted 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. Evercore ISI increased their price objective on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Oppenheimer boosted their target price on shares of Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Piper Sandler increased 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. Four investment 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 stock currently has an average rating of “Moderate Buy” and an average price target of $22.31.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $24.55 on Friday. Blue Owl Capital Inc. has a fifty-two week low of $13.01 and a fifty-two week high of $24.70. The company has a market capitalization of $36.67 billion, a P/E ratio of 144.42, a P/E/G ratio of 1.57 and a beta of 1.14. The company has a fifty day moving average of $21.55 and a 200 day moving average of $19.14.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $600.88 million during the quarter, compared to analysts’ expectations of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same quarter last year, the business posted $0.16 earnings per share. Analysts forecast that Blue Owl Capital Inc. will post 0.78 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s 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.