Allianz Asset Management GmbH purchased a new position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 19,400 shares of the company's stock, valued at approximately $389,000.
Other hedge funds have also modified their holdings of the company. Impact Partnership Wealth LLC bought a new stake in shares of Blue Owl Capital during the 1st quarter worth about $710,000. Private Advisor Group LLC boosted its position in Blue Owl Capital by 3.1% in the 1st quarter. Private Advisor Group LLC now owns 43,830 shares of the company's stock valued at $878,000 after buying an additional 1,314 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in Blue Owl Capital by 19.2% during the 1st quarter. Verdence Capital Advisors LLC now owns 115,421 shares of the company's stock worth $2,313,000 after buying an additional 18,551 shares during the period. Cullen Frost Bankers Inc. increased its holdings 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 worth $42,000 after purchasing an additional 583 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Blue Owl Capital by 205.6% in the 1st quarter. Larson Financial Group LLC now owns 3,022 shares of the company's stock valued at $61,000 after acquiring an additional 2,033 shares in the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
OWL has been the subject of several analyst reports. Piper Sandler increased their price objective on shares of Blue Owl Capital from $22.50 to $23.50 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $20.00 to $23.00 in a research note on Tuesday, May 20th. UBS Group reduced their price target 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. Citigroup lowered 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 report on Tuesday, April 8th. Finally, Cowen restated a "buy" rating on shares of Blue Owl Capital in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $24.02.
Check Out Our Latest Report on Blue Owl Capital
Blue Owl Capital Trading Up 0.6%
NYSE OWL traded up $0.12 on Wednesday, hitting $19.47. 1,715,788 shares of the company traded hands, compared to its average volume of 7,796,228. The business's 50 day moving average price is $19.30 and its 200-day moving average price is $20.06. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The company has a market capitalization of $29.95 billion, a price-to-earnings ratio of 216.41, a P/E/G ratio of 1.27 and a beta of 1.16.
Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, meeting analysts' consensus estimates of $0.21. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. The firm had revenue of $703.11 million for the quarter, compared to analyst estimates of $642.13 million. As a group, sell-side analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.
Blue Owl Capital Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Thursday, August 14th. Blue Owl Capital's dividend payout ratio (DPR) is 1,000.00%.
About Blue Owl Capital
(
Free Report)
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.
Featured Articles
Before you consider Blue Owl Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Blue Owl Capital wasn't on the list.
While Blue Owl Capital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
