Obermeyer Wealth Partners Cuts Stake in Blue Owl Capital Inc. (NYSE:OWL)

Obermeyer Wealth Partners cut its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 18.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,479 shares of the company's stock after selling 24,206 shares during the quarter. Obermeyer Wealth Partners' holdings in Blue Owl Capital were worth $2,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital World Investors increased its position in shares of Blue Owl Capital by 14.5% in the fourth quarter. Capital World Investors now owns 77,168,640 shares of the company's stock worth $1,794,943,000 after purchasing an additional 9,794,102 shares during the last quarter. Vanguard Group Inc. raised its stake in Blue Owl Capital by 11.7% in the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock valued at $1,237,581,000 after purchasing an additional 5,558,868 shares in the last quarter. FMR LLC raised its stake in Blue Owl Capital by 28.1% in the fourth quarter. FMR LLC now owns 45,241,160 shares of the company's stock valued at $1,052,309,000 after purchasing an additional 9,917,071 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Blue Owl Capital by 2.4% in the fourth quarter. JPMorgan Chase & Co. now owns 9,248,983 shares of the company's stock valued at $215,131,000 after purchasing an additional 218,586 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Blue Owl Capital by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 8,426,251 shares of the company's stock valued at $196,060,000 after purchasing an additional 274,094 shares in the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Down 1.2%

OWL traded down $0.25 during midday trading on Friday, hitting $20.07. 3,859,786 shares of the company traded hands, compared to its average volume of 7,823,971. The firm has a market capitalization of $30.86 billion, a PE ratio of 154.28, a price-to-earnings-growth ratio of 1.40 and a beta of 1.17. The company's 50-day moving average is $19.17 and its 200 day moving average is $20.28. 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 issued its quarterly earnings data on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. The business had revenue of $620.19 million during the quarter, compared to the consensus estimate of $636.44 million. On average, sell-side analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.225 per share. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend was Wednesday, May 14th. Blue Owl Capital's dividend payout ratio (DPR) is 692.31%.

Analysts Set New Price Targets

OWL has been the subject of a number of research reports. Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. UBS Group reduced their price objective on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. JMP Securities reduced their price objective on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Citigroup reduced their target price on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Piper Sandler upped their target price on shares of Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.02.

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.