Westfield Capital Management Co. LP Raises Position in Blue Owl Capital Inc. (NYSE:OWL)

Key Points

• Westfield Capital Management Co. LP increased its stake in Blue Owl Capital Inc. by 1.9%, acquiring a total of 5,553,781 shares valued at approximately $111 million.
• Various institutional investors have made significant changes to their holdings, with MassMutual Private Wealth & Trust FSB boosting its stake by 380.4%.
• Wall Street analysts are optimistic about Blue Owl Capital, with a consensus rating of "Moderate Buy" and an average price target of $24.02.

Westfield Capital Management Co. LP grew its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 1.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,553,781 shares of the company's stock after purchasing an additional 101,307 shares during the quarter. Westfield Capital Management Co. LP owned about 0.36% of Blue Owl Capital worth $111,298,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its holdings 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 valued at $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 first quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock valued at $42,000 after buying an additional 583 shares during the period. State of Wyoming grew its holdings in shares of Blue Owl Capital by 27.1% during 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. Allworth Financial LP boosted its stake in shares of Blue Owl Capital by 70.5% during the first quarter. Allworth Financial LP now owns 2,414 shares of the company's stock valued at $45,000 after purchasing an additional 998 shares during the period. Finally, Larson Financial Group LLC increased its holdings in shares of Blue Owl Capital by 205.6% during the first 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 owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on OWL shares. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $20.00 to $23.00 in a report on Tuesday, May 20th. Barclays lifted their price target on Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Raymond James Financial began coverage on shares of Blue Owl Capital in a research report on Monday, July 28th. They set a "market perform" rating for the company. Piper Sandler raised their price objective on shares of Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Finally, Oppenheimer boosted their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $24.02.

Blue Owl Capital Trading Up 0.9%

Shares of NYSE OWL traded up $0.17 during mid-day trading on Wednesday, reaching $19.52. The company had a trading volume of 3,926,274 shares, compared to its average volume of 7,242,812. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The stock has a market cap of $30.01 billion, a PE ratio of 24.49, a P/E/G ratio of 1.27 and a beta of 1.16. The company has a 50-day moving average price of $19.30 and a two-hundred day moving average price of $20.06.

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

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Thursday, August 14th. Blue Owl Capital's payout ratio is 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.