Obermeyer Wealth Partners Has $2.17 Million Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Obermeyer Wealth Partners lessened its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 18.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its stake in shares of Blue Owl Capital by 380.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock worth $27,000 after purchasing an additional 1,050 shares during the period. Cullen Frost Bankers Inc. increased its position in shares of Blue Owl Capital by 39.1% during 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 during the last quarter. Allworth Financial LP increased its position in shares of Blue Owl Capital by 70.5% during 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 during the last quarter. State of Wyoming grew its stake in shares of Blue Owl Capital by 27.1% in the fourth quarter. State of Wyoming now owns 2,359 shares of the company's stock valued at $55,000 after buying an additional 503 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in Blue Owl Capital by 205.6% in the 1st quarter. Larson Financial Group LLC now owns 3,022 shares of the company's stock valued at $61,000 after acquiring an additional 2,033 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OWL has been the topic of several recent research reports. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $20.00 to $23.00 in a research report on Tuesday, May 20th. UBS Group reduced their target price on 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. Citigroup decreased their target price on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Evercore ISI lifted their price objective on 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, Cfra Research upgraded shares of Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. 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 Stock Down 2.8%

Shares of Blue Owl Capital stock opened at $20.03 on Tuesday. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The company's 50-day simple moving average is $19.13 and its 200-day simple moving average is $20.33. The firm has a market cap of $30.80 billion, a price-to-earnings ratio of 154.05, a price-to-earnings-growth ratio of 1.41 and a beta of 1.17.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $620.19 million during the quarter, compared to analyst estimates of $636.44 million. Equities research analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a $0.225 dividend. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date was Wednesday, May 14th. Blue Owl Capital's dividend payout ratio is currently 692.31%.

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.

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.