32,534 Shares in Blue Owl Capital Inc. $OWL Bought by Wealth Preservation Advisors LLC

Key Points

• Wealth Preservation Advisors LLC has acquired a new stake in Blue Owl Capital Inc., purchasing 32,534 shares valued at approximately $652,000, which constitutes around 0.5% of its total portfolio.
• Blue Owl Capital recently declared a quarterly dividend of $0.225 per share, representing an annual yield of 4.8%, with a dividend payout ratio currently at 1,000.00%.
• Several analysts have upgraded their price targets for Blue Owl Capital, with a consensus price target of $24.02 and recommendations ranging from "Moderate Buy" to "Overweight."

Wealth Preservation Advisors LLC acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 32,534 shares of the company's stock, valued at approximately $652,000. Blue Owl Capital makes up 0.5% of Wealth Preservation Advisors LLC's investment portfolio, making the stock its 27th largest position.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Blue Owl Capital by 13.5% in the 1st quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company's stock valued at $1,210,674,000 after acquiring an additional 7,206,495 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Blue Owl Capital by 4.6% in the 1st quarter. JPMorgan Chase & Co. now owns 9,671,728 shares of the company's stock valued at $193,821,000 after acquiring an additional 422,745 shares in the last quarter. Federated Hermes Inc. lifted its stake in Blue Owl Capital by 0.4% in the 1st quarter. Federated Hermes Inc. now owns 6,901,500 shares of the company's stock valued at $138,306,000 after acquiring an additional 24,800 shares in the last quarter. Cresset Asset Management LLC lifted its stake in Blue Owl Capital by 1.4% in the 1st quarter. Cresset Asset Management LLC now owns 6,140,749 shares of the company's stock valued at $123,061,000 after acquiring an additional 87,684 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its stake in Blue Owl Capital by 1.9% in the 1st quarter. Westfield Capital Management Co. LP now owns 5,553,781 shares of the company's stock valued at $111,298,000 after acquiring an additional 101,307 shares in the last quarter. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Stock Down 1.0%

Shares of OWL traded down $0.19 during trading hours on Friday, hitting $18.50. 5,951,308 shares of the company were exchanged, compared to its average volume of 6,235,361. The company has a market cap of $28.67 billion, a price-to-earnings ratio of 205.58, a P/E/G ratio of 1.23 and a beta of 1.16. Blue Owl Capital Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $26.73. The firm's fifty day moving average is $19.39 and its 200 day moving average is $19.36.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. The company had revenue of $703.11 million for the quarter, compared to analyst estimates of $642.13 million. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%. Analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Thursday, August 14th. Blue Owl Capital's dividend payout ratio is currently 1,000.00%.

Wall Street Analysts Forecast Growth

OWL has been the subject of several analyst reports. Cowen restated a "buy" rating on shares of Blue Owl Capital in a report on Monday, August 4th. Raymond James Financial initiated coverage on Blue Owl Capital in a report on Monday, July 28th. They issued a "market perform" rating for the company. Evercore ISI raised their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $20.00 to $23.00 in a research note on Tuesday, May 20th. Finally, UBS Group dropped their price objective on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. 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, the company 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.