Steward Partners Investment Advisory LLC Buys 48,921 Shares of Blue Owl Capital Inc. $OWL

Key Points

• Steward Partners Investment Advisory LLC increased its stake in Blue Owl Capital by 18%, owning 320,413 shares valued at approximately $6.42 million after acquiring additional shares in Q1.
• Blue Owl Capital declared a quarterly dividend of $0.225, representing an annualized yield of 4.7% and a payout ratio of 1000%.
• Blue Owl's latest earnings report showed an EPS of $0.21 and revenue of $703.11 million, surpassing analyst expectations.

Steward Partners Investment Advisory LLC increased its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 18.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 320,413 shares of the company's stock after buying an additional 48,921 shares during the period. Steward Partners Investment Advisory LLC's holdings in Blue Owl Capital were worth $6,421,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its holdings in Blue Owl Capital by 380.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock worth $27,000 after buying an additional 1,050 shares during the last quarter. Cullen Frost Bankers Inc. increased 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 worth $42,000 after buying an additional 583 shares during the last quarter. Allworth Financial LP increased its holdings in Blue Owl Capital by 70.5% during the first quarter. Allworth Financial LP now owns 2,414 shares of the company's stock worth $45,000 after buying an additional 998 shares during the last quarter. State of Wyoming increased 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 worth $55,000 after purchasing an additional 503 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Blue Owl Capital by 205.6% in the first quarter. Larson Financial Group LLC now owns 3,022 shares of the company's stock worth $61,000 after purchasing an additional 2,033 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Analyst Ratings Changes

OWL has been the subject of several recent research reports. Piper Sandler lifted 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 note on Wednesday, July 2nd. Evercore ISI lifted their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $20.00 to $23.00 in a research note on Tuesday, May 20th. Oppenheimer lifted their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Finally, Barclays lifted their target price on shares of Blue Owl Capital from $21.00 to $23.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Blue Owl Capital has a consensus rating of "Moderate Buy" and a consensus price target of $24.02.

Blue Owl Capital Trading Up 1.3%

Shares of OWL stock traded up $0.2350 during trading hours on Friday, reaching $18.7950. The stock had a trading volume of 4,265,621 shares, compared to its average volume of 6,972,016. The stock's fifty day simple moving average is $19.40 and its 200 day simple moving average is $19.47. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73. The firm has a market capitalization of $29.12 billion, a PE ratio of 208.86, a PEG ratio of 1.23 and a beta of 1.16.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, meeting analysts' consensus estimates of $0.21. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. The company had revenue of $703.11 million during the quarter, compared to analyst estimates of $642.13 million. As a group, equities research analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.225 per share. The ex-dividend date is Thursday, August 14th. This represents a $0.90 annualized dividend and a yield of 4.8%. Blue Owl Capital's payout ratio is presently 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.