Allworth Financial LP Has $45,000 Stake in Blue Owl Capital Inc. (NYSE:OWL)

Allworth Financial LP increased its stake in Blue Owl Capital Inc. (NYSE:OWL) by 70.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,414 shares of the company’s stock after acquiring an additional 998 shares during the quarter. Allworth Financial LP’s holdings in Blue Owl Capital were worth $45,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of OWL. MassMutual Private Wealth & Trust FSB grew its stake in Blue Owl Capital by 380.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company’s stock valued at $27,000 after acquiring an additional 1,050 shares during the period. State of Wyoming lifted its holdings in shares of 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. Parallel Advisors LLC lifted its holdings in shares of Blue Owl Capital by 21.9% in the 1st quarter. Parallel Advisors LLC now owns 6,468 shares of the company’s stock worth $130,000 after purchasing an additional 1,161 shares in the last quarter. GeoWealth Management LLC grew its position in Blue Owl Capital by 572.7% in the 4th quarter. GeoWealth Management LLC now owns 5,886 shares of the company’s stock valued at $137,000 after purchasing an additional 5,011 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in Blue Owl Capital by 20.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,687 shares of the company’s stock valued at $156,000 after purchasing an additional 1,117 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Trading Down 0.9%

Shares of Blue Owl Capital stock opened at $20.62 on Friday. The business’s fifty day simple moving average is $19.13 and its 200 day simple moving average is $20.37. 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 $31.71 billion, a P/E ratio of 158.63, a price-to-earnings-growth ratio of 1.42 and a beta of 1.17.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $620.19 million for the quarter, compared to analysts’ expectations of $636.44 million. Blue Owl Capital had a net margin of 3.73% and a return on equity of 19.74%. Analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend was Wednesday, May 14th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.18. Blue Owl Capital’s dividend payout ratio (DPR) is 692.31%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $20.00 to $23.00 in a research note on Tuesday, May 20th. Citigroup lowered their target price on shares of Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Barclays lifted their price target on Blue Owl Capital from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. UBS Group decreased their price objective on Blue Owl Capital from $26.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Finally, Oppenheimer raised their target price on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, July 14th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.02.

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.