Apollon Wealth Management LLC Has $1.65 Million Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Apollon Wealth Management LLC raised its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 58.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,080 shares of the company's stock after acquiring an additional 30,164 shares during the quarter. Apollon Wealth Management LLC's holdings in Blue Owl Capital were worth $1,645,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital World Investors raised its position in shares of Blue Owl Capital by 14.5% in the 4th quarter. Capital World Investors now owns 77,168,640 shares of the company's stock worth $1,794,943,000 after acquiring an additional 9,794,102 shares in the last quarter. Vanguard Group Inc. raised its holdings in Blue Owl Capital by 11.7% in the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock worth $1,237,581,000 after purchasing an additional 5,558,868 shares in the last quarter. FMR LLC lifted its position in Blue Owl Capital by 28.1% during the fourth quarter. FMR LLC now owns 45,241,160 shares of the company's stock valued at $1,052,309,000 after buying an additional 9,917,071 shares during the period. JPMorgan Chase & Co. lifted its position in Blue Owl Capital by 2.4% during the fourth quarter. JPMorgan Chase & Co. now owns 9,248,983 shares of the company's stock valued at $215,131,000 after buying an additional 218,586 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Blue Owl Capital by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 8,426,251 shares of the company's stock valued at $196,060,000 after buying an additional 274,094 shares in the last quarter. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Trading Down 0.9%

Shares of NYSE OWL traded down $0.18 during midday trading on Friday, reaching $20.62. The company had a trading volume of 7,204,300 shares, compared to its average volume of 7,000,173. The business's 50-day simple moving average is $19.13 and its 200 day simple moving average is $20.35. The stock has a market cap of $31.71 billion, a P/E ratio of 158.63, a P/E/G ratio of 1.41 and a beta of 1.17. Blue Owl Capital Inc. has a 1 year low of $14.55 and a 1 year high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. The business had revenue of $620.19 million during the quarter, compared to analyst estimates of $636.44 million. Analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend was Wednesday, May 14th. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio (DPR) is 692.31%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OWL. Wells Fargo & Company upped their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $20.00 to $23.00 in a report on Tuesday, May 20th. Oppenheimer lifted their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Finally, Barclays increased their price target on shares of Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $24.02.

Blue Owl Capital 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.