Cresset Asset Management LLC Acquires 5,914,804 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Cresset Asset Management LLC increased its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 4,278.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,053,065 shares of the company's stock after purchasing an additional 5,914,804 shares during the period. Blue Owl Capital makes up approximately 0.7% of Cresset Asset Management LLC's portfolio, making the stock its 24th biggest holding. Cresset Asset Management LLC owned approximately 0.41% of Blue Owl Capital worth $140,794,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of OWL. Rakuten Securities Inc. bought a new position in shares of Blue Owl Capital in the 4th quarter worth $27,000. Allworth Financial LP increased its stake in Blue Owl Capital by 43.3% in the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after acquiring an additional 428 shares during the last quarter. Jones Financial Companies Lllp raised its position in Blue Owl Capital by 232.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock valued at $44,000 after purchasing an additional 1,315 shares in the last quarter. Versant Capital Management Inc lifted its stake in Blue Owl Capital by 136.2% during the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock worth $45,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Principal Securities Inc. boosted its holdings in shares of Blue Owl Capital by 30.6% in the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after purchasing an additional 450 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OWL has been the subject of a number of recent research reports. Barclays dropped their target price on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Citigroup cut their price objective on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. TD Cowen upgraded shares of Blue Owl Capital from a "hold" rating to a "buy" rating and lifted their target price for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. Evercore ISI upped their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Friday, January 17th. Finally, Oppenheimer set a $24.00 price objective on Blue Owl Capital and gave the company an "outperform" rating in a research note on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $23.56.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock traded down $0.01 during midday trading on Friday, reaching $18.53. 4,055,952 shares of the company's stock traded hands, compared to its average volume of 6,753,057. The stock has a 50 day moving average of $18.66 and a 200-day moving average of $21.83. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73. The company has a market cap of $28.50 billion, a PE ratio of 109.01, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $620.19 million during the quarter, compared to the consensus estimate of $636.44 million. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, equities analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a $0.225 dividend. The ex-dividend date is Wednesday, May 14th. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 annualized dividend and a yield of 4.86%. Blue Owl Capital's dividend payout ratio (DPR) is 692.31%.

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.