Lyell Wealth Management LP Takes Position in Blue Owl Capital Inc. $OWL

Key Points

• Lyell Wealth Management LP recently acquired 453,017 shares of Blue Owl Capital Inc. worth approximately $8.7 million, indicating growing institutional interest in the firm.
• Equities research analysts have mixed views on Blue Owl Capital, with target price adjustments ranging from a decrease by Oppenheimer to an increase by Evercore ISI, reflecting varying outlooks on the stock's performance.
• Blue Owl Capital announced a quarterly dividend of $0.225, which translates to an annualized yield of 5.5%, although their payout ratio stands at an unusually high 1,000%.

Lyell Wealth Management LP acquired a new position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 453,017 shares of the company's stock, valued at approximately $8,702,000.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Oppenheimer decreased their target price on shares of Blue Owl Capital from $25.00 to $24.00 and set an "outperform" rating for the company in a research note on Tuesday, October 14th. Evercore ISI increased their target price on Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Weiss Ratings restated a "hold (c)" rating on shares of Blue Owl Capital in a research note on Wednesday, October 8th. The Goldman Sachs Group lowered their price objective on shares of Blue Owl Capital from $21.50 to $19.00 and set a "neutral" rating on the stock in a research note on Monday, October 6th. Finally, Piper Sandler dropped their price objective on shares of Blue Owl Capital from $23.50 to $22.00 and set an "overweight" rating on the stock in a report on Thursday, October 9th. 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $22.38.

Blue Owl Capital Stock Up 2.1%

Shares of OWL opened at $16.22 on Monday. The business has a 50-day simple moving average of $17.95 and a two-hundred day simple moving average of $18.48. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73. The stock has a market cap of $25.13 billion, a price-to-earnings ratio of 180.21, a PEG ratio of 1.16 and a beta of 1.13.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. The company 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, equities analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a $0.225 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.5%. 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.

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