1832 Asset Management L.P. Buys 62,810 Shares of Blue Owl Capital Inc. $OWL

Key Points

• 1832 Asset Management L.P. has increased its stake in Blue Owl Capital Inc. by 47%, owning a total of 196,560 shares valued at approximately $3.94 million after acquiring 62,810 shares.
• Several institutional investors, including Vanguard Group and JPMorgan Chase, have also increased their holdings in Blue Owl Capital, leading to a total of 35.85% of the stock being owned by institutional investors and hedge funds.
• Blue Owl Capital recently announced a quarterly dividend of $0.225 per share, equating to an annual yield of 4.8%, with the payout ratio at 1,000%.

1832 Asset Management L.P. lifted its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 47.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,560 shares of the company's stock after purchasing an additional 62,810 shares during the quarter. 1832 Asset Management L.P.'s holdings in Blue Owl Capital were worth $3,939,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Blue Owl Capital by 13.5% during the 1st quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company's stock worth $1,210,674,000 after buying an additional 7,206,495 shares during the period. JPMorgan Chase & Co. raised its position in shares of Blue Owl Capital by 4.6% during the first quarter. JPMorgan Chase & Co. now owns 9,671,728 shares of the company's stock worth $193,821,000 after purchasing an additional 422,745 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Blue Owl Capital by 0.4% in the 1st quarter. Federated Hermes Inc. now owns 6,901,500 shares of the company's stock worth $138,306,000 after purchasing an additional 24,800 shares in the last quarter. Cresset Asset Management LLC grew its position in Blue Owl Capital by 1.4% in the 1st quarter. Cresset Asset Management LLC now owns 6,140,749 shares of the company's stock valued at $123,061,000 after purchasing an additional 87,684 shares during the period. Finally, Westfield Capital Management Co. LP increased its stake in Blue Owl Capital by 1.9% during the 1st quarter. Westfield Capital Management Co. LP now owns 5,553,781 shares of the company's stock valued at $111,298,000 after purchasing an additional 101,307 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OWL. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $20.00 to $23.00 in a research note on Tuesday, May 20th. UBS Group lowered their target price on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Raymond James Financial initiated coverage on shares of Blue Owl Capital in a research report on Monday, July 28th. They issued a "market perform" rating on the stock. Wells Fargo & Company lifted their price target on Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Finally, Oppenheimer increased their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $24.02.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $18.7950 on Monday. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The company has a 50-day simple moving average of $19.40 and a two-hundred day simple moving average of $19.47. The company has a market capitalization of $29.12 billion, a price-to-earnings ratio of 208.86, a PEG ratio of 1.23 and a beta of 1.16.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, hitting analysts' consensus estimates of $0.21. The firm had revenue of $703.11 million for the quarter, compared to the consensus estimate of $642.13 million. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%. On average, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Thursday, August 14th. Blue Owl Capital's dividend payout ratio is 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.

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