Blue Owl Capital Inc. (NYSE:OWL) Stock Holdings Lifted by Frank Rimerman Advisors LLC

Key Points

• Frank Rimerman Advisors LLC increased its holdings in Blue Owl Capital by 103.2% during the first quarter, now owning 37,870 shares valued at approximately $759,000.
• Several institutions, including MassMutual Private Wealth, boosted their stakes in Blue Owl Capital by more than 300%, showing increased institutional interest in the company.
• Blue Owl Capital recently announced a quarterly dividend of $0.225 per share, reflecting an annualized dividend yield of 4.6%.

Frank Rimerman Advisors LLC boosted its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 103.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,870 shares of the company's stock after buying an additional 19,231 shares during the quarter. Frank Rimerman Advisors LLC's holdings in Blue Owl Capital were worth $759,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OWL. Capital World Investors increased its holdings in Blue Owl Capital by 14.5% in the fourth quarter. Capital World Investors now owns 77,168,640 shares of the company's stock valued at $1,794,943,000 after buying an additional 9,794,102 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Blue Owl Capital by 13.5% during the first quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company's stock valued at $1,210,674,000 after purchasing an additional 7,206,495 shares during the last quarter. Cresset Asset Management LLC grew its holdings in shares of Blue Owl Capital by 4,278.0% during the fourth quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company's stock valued at $140,794,000 after purchasing an additional 5,914,804 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Blue Owl Capital by 163.2% during the fourth quarter. Voya Investment Management LLC now owns 5,177,288 shares of the company's stock valued at $120,424,000 after purchasing an additional 3,209,934 shares during the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Blue Owl Capital by 637.7% during the fourth quarter. Squarepoint Ops LLC now owns 2,046,747 shares of the company's stock valued at $47,607,000 after purchasing an additional 1,769,302 shares during the last quarter. 35.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OWL. Wells Fargo & Company upped their target price 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. UBS Group lowered their target price on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Oppenheimer upped their target price on Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Piper Sandler upped their target price on Blue Owl Capital from $22.50 to $23.50 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Finally, Barclays boosted their price objective on Blue Owl Capital from $21.00 to $23.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Blue Owl Capital has a consensus rating of "Moderate Buy" and an average target price of $24.02.

Blue Owl Capital Stock Up 2.7%

OWL traded up $0.53 during trading on Tuesday, reaching $20.28. The stock had a trading volume of 160,428 shares, compared to its average volume of 7,747,625. The firm has a market capitalization of $31.42 billion, a price-to-earnings ratio of 224.52, a price-to-earnings-growth ratio of 1.29 and a beta of 1.16. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The stock has a 50 day moving average of $19.37 and a two-hundred day moving average of $19.86.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released 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 during 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, research analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Thursday, August 14th. Blue Owl Capital's dividend 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.