Oppenheimer & Co. Inc. Grows Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Oppenheimer & Co. Inc. lifted its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 90.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,367 shares of the company's stock after buying an additional 35,718 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Blue Owl Capital were worth $1,510,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Rakuten Securities Inc. purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at $27,000. MassMutual Private Wealth & Trust FSB lifted its stake in Blue Owl Capital by 380.4% in 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 in the last quarter. Jones Financial Companies Lllp lifted its stake in Blue Owl Capital by 232.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock worth $44,000 after purchasing an additional 1,315 shares in the last quarter. Principal Securities Inc. lifted its stake in Blue Owl Capital by 30.6% in the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after purchasing an additional 450 shares in the last quarter. Finally, State of Wyoming lifted its stake 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 in the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Analyst Upgrades and Downgrades

OWL has been the topic of several research analyst reports. Wells Fargo & Company boosted their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. Piper Sandler decreased their price target on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. JMP Securities decreased their price target on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $20.00 to $23.00 in a research note on Tuesday, May 20th. Finally, Oppenheimer set a $24.00 price target on shares of Blue Owl Capital and gave the stock an "outperform" rating in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.81.

Blue Owl Capital Trading Up 1.4%

Shares of NYSE OWL opened at $19.47 on Friday. The firm's 50-day moving average price is $18.70 and its 200-day moving average price is $20.82. The stock has a market capitalization of $29.93 billion, a price-to-earnings ratio of 149.74, a P/E/G ratio of 1.29 and a beta of 1.18. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $620.19 million for the quarter, compared to the consensus estimate of $636.44 million. Blue Owl Capital had a net margin of 3.73% and a return on equity of 19.74%. On average, equities analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.62%. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, May 14th. Blue Owl Capital's dividend payout ratio is presently 692.31%.

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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