Impact Partnership Wealth LLC Takes Position in Blue Owl Capital Inc. (NYSE:OWL)

Impact Partnership Wealth LLC purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 35,454 shares of the company's stock, valued at approximately $710,000.

Several other large investors have also added to or reduced their stakes in OWL. Vise Technologies Inc. boosted its stake in Blue Owl Capital by 4.6% in the 4th quarter. Vise Technologies Inc. now owns 10,947 shares of the company's stock worth $255,000 after purchasing an additional 478 shares in the last quarter. Teza Capital Management LLC lifted its stake in Blue Owl Capital by 1.7% during the 4th quarter. Teza Capital Management LLC now owns 28,929 shares of the company's stock valued at $673,000 after acquiring an additional 485 shares during the period. State of Wyoming lifted its stake in Blue Owl Capital by 27.1% during the 4th quarter. State of Wyoming now owns 2,359 shares of the company's stock valued at $55,000 after acquiring an additional 503 shares during the period. Cullen Frost Bankers Inc. lifted its stake in Blue Owl Capital by 39.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock valued at $42,000 after acquiring an additional 583 shares during the period. Finally, Benjamin Edwards Inc. lifted its stake in Blue Owl Capital by 3.0% during the 4th quarter. Benjamin Edwards Inc. now owns 22,888 shares of the company's stock valued at $532,000 after acquiring an additional 658 shares during the period. Institutional investors own 35.85% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on OWL shares. JMP Securities reduced their price target on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Piper Sandler increased their target price on shares of Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Oppenheimer increased their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. UBS Group reduced their target price on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Citigroup reduced their target price on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $24.02.

Blue Owl Capital Price Performance

NYSE:OWL traded down $0.04 during trading hours on Tuesday, reaching $19.99. The company had a trading volume of 6,538,990 shares, compared to its average volume of 7,002,720. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The firm has a market cap of $30.73 billion, a PE ratio of 153.74, a price-to-earnings-growth ratio of 1.37 and a beta of 1.17. The business's 50 day moving average price is $19.13 and its 200-day moving average price is $20.33.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The business had revenue of $620.19 million during the quarter, compared to analysts' expectations of $636.44 million. Blue Owl Capital had a net margin of 3.73% and a return on equity of 19.74%. On average, analysts expect 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 announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a $0.225 dividend. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 annualized dividend and a yield of 4.50%. The ex-dividend date was Wednesday, May 14th. Blue Owl Capital's dividend payout ratio is presently 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.