LPL Financial LLC Sells 1,950 Shares of Blue Owl Capital Inc. $OWL

LPL Financial LLC cut its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,874 shares of the company’s stock after selling 1,950 shares during the period. LPL Financial LLC’s holdings in Blue Owl Capital were worth $2,262,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Cresset Asset Management LLC grew its holdings in shares of Blue Owl Capital by 4,278.0% during the fourth quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company’s stock worth $140,794,000 after purchasing an additional 5,914,804 shares in the last quarter. Voya Investment Management LLC increased its holdings in shares of Blue Owl Capital by 163.2% in the fourth quarter. Voya Investment Management LLC now owns 5,177,288 shares of the company’s stock worth $120,424,000 after buying an additional 3,209,934 shares during the period. Northern Trust Corp lifted its stake in shares of Blue Owl Capital by 6.0% in the 4th quarter. Northern Trust Corp now owns 2,872,433 shares of the company’s stock valued at $66,813,000 after acquiring an additional 163,830 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Blue Owl Capital by 9.5% during the 1st quarter. Bank of New York Mellon Corp now owns 2,655,834 shares of the company’s stock valued at $53,223,000 after acquiring an additional 229,745 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in Blue Owl Capital by 637.7% during the 4th quarter. Squarepoint Ops LLC now owns 2,046,747 shares of the company’s stock valued at $47,607,000 after acquiring an additional 1,769,302 shares during the period. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Up 0.7%

NYSE OWL opened at $19.18 on Tuesday. The company has a 50-day moving average price of $19.43 and a 200-day moving average price of $19.65. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73. The firm has a market capitalization of $29.72 billion, a P/E ratio of 213.13, a PEG ratio of 1.25 and a beta of 1.16.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.225 per share. The ex-dividend date is Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a yield of 4.7%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 1,000.00%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on OWL. Raymond James Financial started coverage on Blue Owl Capital in a research note on Monday, July 28th. They issued a “market perform” rating on the stock. Piper Sandler increased their price objective on Blue Owl Capital from $22.50 to $23.50 and gave the stock an “overweight” rating in a report on Wednesday, July 2nd. Oppenheimer lifted their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, July 14th. UBS Group decreased their target price 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, Keefe, Bruyette & Woods raised Blue Owl Capital from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $20.00 to $23.00 in a research note on Tuesday, May 20th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.