Chicago Partners Investment Group LLC Grows Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

Key Points

• Chicago Partners Investment Group LLC increased its stake in Blue Owl Capital Inc. by 18.8%, acquiring an additional 88,085 shares, bringing its total holdings to 556,507 shares valued at approximately $11.15 million.
• Several institutional investors, including MassMutual Private Wealth & Trust FSB and Cullen Frost Bankers Inc., significantly raised their positions in Blue Owl Capital during the first quarter, indicating growing interest in the stock.
• Analysts have raised their price targets for Blue Owl Capital, with Barclays setting a new target of $23.00, and the company currently holds a consensus rating of “Moderate Buy” with an average target price of $24.02.

Chicago Partners Investment Group LLC lifted its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 18.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 556,507 shares of the company's stock after purchasing an additional 88,085 shares during the period. Chicago Partners Investment Group LLC's holdings in Blue Owl Capital were worth $11,152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in OWL. MassMutual Private Wealth & Trust FSB raised its position in Blue Owl Capital by 380.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock worth $27,000 after acquiring an additional 1,050 shares during the period. Cullen Frost Bankers Inc. increased its stake in shares of Blue Owl Capital by 39.1% in 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. Allworth Financial LP increased its stake in shares of Blue Owl Capital by 70.5% in the 1st quarter. Allworth Financial LP now owns 2,414 shares of the company's stock worth $45,000 after purchasing an additional 998 shares in the last quarter. State of Wyoming raised its holdings in Blue Owl Capital by 27.1% in the 4th quarter. State of Wyoming now owns 2,359 shares of the company's stock worth $55,000 after purchasing an additional 503 shares during the period. Finally, Larson Financial Group LLC lifted its position in Blue Owl Capital by 205.6% during the first quarter. Larson Financial Group LLC now owns 3,022 shares of the company's stock valued at $61,000 after purchasing an additional 2,033 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Barclays upped their price target 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. Wells Fargo & Company increased 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 report on Friday, May 23rd. Cowen reaffirmed a "buy" rating on shares of Blue Owl Capital in a report on Monday. Evercore ISI upped their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Finally, Raymond James Financial started coverage on shares of Blue Owl Capital in a research report on Monday, July 28th. They set a "market perform" rating on the stock. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and an average target price of $24.02.

Blue Owl Capital Stock Performance

OWL opened at $19.52 on Thursday. The stock has a market capitalization of $30.01 billion, a price-to-earnings ratio of 216.87, a PEG ratio of 1.27 and a beta of 1.16. The company has a fifty day moving average of $19.32 and a 200 day moving average of $20.06. Blue Owl Capital Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $26.73.

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

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a yield of 4.6%. Blue Owl Capital's payout ratio is presently 1,000.00%.

Blue Owl Capital Company 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.

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