Blue Owl Capital Inc. $OWL Shares Acquired by Chicago Partners Investment Group LLC

Key Points

• Chicago Partners Investment Group LLC increased its stake in Blue Owl Capital Inc. by 8.1%, acquiring an additional 45,261 shares during the second quarter.
• Blue Owl Capital reported $703.11 million in revenue for the recent quarter, exceeding analysts' expectations of $642.13 million.
• The company announced a quarterly dividend of $0.225 per share, reflecting an annualized dividend yield of 5.5%.

Chicago Partners Investment Group LLC boosted its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 8.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 601,768 shares of the company's stock after purchasing an additional 45,261 shares during the quarter. Chicago Partners Investment Group LLC's holdings in Blue Owl Capital were worth $12,288,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Banque Transatlantique SA acquired a new position in shares of Blue Owl Capital in the 1st quarter valued at $31,000. SVB Wealth LLC purchased a new position in shares of Blue Owl Capital in the 1st quarter worth $38,000. Cullen Frost Bankers Inc. boosted its holdings in Blue Owl Capital by 39.1% in the first 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 last quarter. Allworth Financial LP grew its position in Blue Owl Capital by 70.5% during the first quarter. Allworth Financial LP now owns 2,414 shares of the company's stock valued at $45,000 after acquiring an additional 998 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Blue Owl Capital by 58.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company's stock worth $50,000 after acquiring an additional 916 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Blue Owl Capital Stock Up 2.1%

Shares of NYSE:OWL opened at $16.22 on Friday. The company has a market capitalization of $25.13 billion, a price-to-earnings ratio of 180.21, a price-to-earnings-growth ratio of 1.16 and a beta of 1.13. The company has a 50 day moving average of $17.95 and a two-hundred day moving average of $18.47. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, hitting analysts' consensus estimates of $0.21. The business had revenue of $703.11 million for the quarter, compared to analysts' expectations of $642.13 million. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. On average, equities analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.225 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.90 annualized dividend and a dividend yield of 5.5%. Blue Owl Capital's dividend payout ratio (DPR) is currently 1,000.00%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OWL. Raymond James Financial initiated coverage on Blue Owl Capital in a research note on Monday, July 28th. They issued a "market perform" rating on the stock. Citigroup cut their price target on shares of Blue Owl Capital from $23.00 to $19.00 and set a "buy" rating on the stock in a report on Monday, October 13th. Evercore ISI lifted their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Barclays dropped their price objective on shares of Blue Owl Capital from $23.00 to $21.00 and set an "overweight" rating for the company in a research report on Wednesday, October 8th. Finally, Cowen restated a "buy" rating on shares of Blue Owl Capital in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $22.38.

About Blue Owl Capital

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.

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