Blair William & Co. IL Has $1.15 Million Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Key Points

• Blair William & Co. IL increased its stake in Blue Owl Capital Inc. by 128.0% during the first quarter, acquiring an additional 32,269 shares for a total of 57,472 shares valued at approximately $1.15 million.
• Several institutional investors, including MassMutual Private Wealth & Trust FSB and Larson Financial Group LLC, have also significantly increased their holdings in Blue Owl Capital, demonstrating strong institutional interest.
• Wall Street analysts have generally given Blue Owl Capital a "buy" rating, with the average target price set at $24.02, indicating positive expectations for the stock's performance.

Blair William & Co. IL increased its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 128.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,472 shares of the company's stock after purchasing an additional 32,269 shares during the period. Blair William & Co. IL's holdings in Blue Owl Capital were worth $1,152,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OWL. LPL Financial LLC grew its stake in Blue Owl Capital by 30.2% in the fourth quarter. LPL Financial LLC now owns 114,824 shares of the company's stock valued at $2,671,000 after acquiring an additional 26,611 shares during the period. Envestnet Asset Management Inc. grew its stake in Blue Owl Capital by 5.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 674,322 shares of the company's stock valued at $15,685,000 after acquiring an additional 33,568 shares during the period. Russell Investments Group Ltd. grew its stake in Blue Owl Capital by 3.5% in the fourth quarter. Russell Investments Group Ltd. now owns 31,465 shares of the company's stock valued at $732,000 after acquiring an additional 1,064 shares during the period. Bank of Montreal Can acquired a new position in Blue Owl Capital in the fourth quarter valued at about $1,856,000. Finally, Invesco Ltd. grew its stake in Blue Owl Capital by 17.8% in the fourth quarter. Invesco Ltd. now owns 7,595,091 shares of the company's stock valued at $176,662,000 after acquiring an additional 1,145,886 shares during the period. 35.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods raised Blue Owl Capital from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $20.00 to $23.00 in a research note on Tuesday, May 20th. Wells Fargo & Company boosted their price target on Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Piper Sandler boosted their price target on Blue Owl Capital from $22.50 to $23.50 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Oppenheimer boosted their price target on Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Finally, UBS Group cut their price target on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. 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 company currently has an average rating of "Moderate Buy" and a consensus price target of $24.02.

Blue Owl Capital Stock Performance

OWL traded up $0.58 on Tuesday, hitting $20.33. 9,119,863 shares of the company were exchanged, compared to its average volume of 7,357,352. 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 $31.50 billion, a PE ratio of 225.91, a PEG ratio of 1.29 and a beta of 1.16. The stock's fifty day moving average is $19.40 and its 200-day moving average is $19.86.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly 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%. As a group, equities research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, August 14th. Blue Owl Capital's payout ratio is 1,000.00%.

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.