Drucker Wealth 3.0 LLC Acquires New Holdings in Blue Owl Capital Inc. $OWL

Key Points

• Drucker Wealth 3.0 LLC has acquired a new stake in Blue Owl Capital Inc., purchasing 20,788 shares valued at approximately $404,000 in the second quarter.
• Blue Owl Capital recently declared a dividend of $0.225 per share, leading to an annual yield of 5.8% based on the current price.
• Despite a recent price drop of 4.9%, Blue Owl Capital maintains an average rating of "Moderate Buy" from analysts, with a consensus price target of $22.85.

Drucker Wealth 3.0 LLC acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,788 shares of the company's stock, valued at approximately $404,000.

Other institutional investors have also recently bought and sold shares of the company. Banque Transatlantique SA acquired a new position in Blue Owl Capital during the first quarter valued at approximately $31,000. SVB Wealth LLC acquired a new position in Blue Owl Capital during the first quarter valued at approximately $38,000. Cullen Frost Bankers Inc. grew its holdings in Blue Owl Capital by 39.1% during the first quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock valued at $42,000 after purchasing an additional 583 shares during the period. Allworth Financial LP boosted its holdings in shares of Blue Owl Capital by 70.5% in the first quarter. Allworth Financial LP now owns 2,414 shares of the company's stock valued at $45,000 after buying an additional 998 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Blue Owl Capital by 58.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company's stock valued at $50,000 after buying an additional 916 shares during the period. Institutional investors and hedge funds own 35.85% of the company's stock.

Analyst Ratings Changes

OWL has been the subject of several research analyst reports. Oppenheimer upped their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Cowen reiterated a "buy" rating on shares of Blue Owl Capital in a report on Monday, August 4th. Evercore ISI increased their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Raymond James Financial began coverage on shares of Blue Owl Capital in a report on Monday, July 28th. They set a "market perform" rating for the company. Finally, The Goldman Sachs Group reduced their target price on shares of Blue Owl Capital from $21.50 to $19.00 and set a "neutral" rating for the company in a report on Monday, October 6th. 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 stock. According to MarketBeat, Blue Owl Capital has an average rating of "Moderate Buy" and a consensus price target of $22.85.

Blue Owl Capital Trading Down 4.9%

NYSE OWL opened at $15.45 on Friday. The firm's fifty day moving average price is $18.25 and its two-hundred day moving average price is $18.61. Blue Owl Capital Inc. has a 1 year low of $14.55 and a 1 year high of $26.73. The firm has a market capitalization of $23.94 billion, a P/E ratio of 171.69, a price-to-earnings-growth ratio of 1.07 and a beta of 1.13.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $703.11 million for the quarter, compared to analyst estimates of $642.13 million. On average, research analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend was Thursday, August 14th. Blue Owl Capital's dividend payout ratio is 1,000.00%.

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.

Want to see what other hedge funds are holding OWL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blue Owl Capital Inc. (NYSE:OWL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.