Blue Owl Capital Inc. (NYSE:OWL) Shares Acquired by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC boosted its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 16.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 380,447 shares of the company’s stock after acquiring an additional 53,091 shares during the period. Chicago Partners Investment Group LLC’s holdings in Blue Owl Capital were worth $7,365,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Transcendent Capital Group LLC acquired a new stake in Blue Owl Capital in the first quarter valued at approximately $26,000. ORG Wealth Partners LLC acquired a new stake in Blue Owl Capital in the third quarter valued at $32,000. ORG Partners LLC purchased a new stake in Blue Owl Capital during the 2nd quarter worth about $32,000. Family Firm Inc. acquired a new position in shares of Blue Owl Capital during the 2nd quarter worth about $40,000. Finally, Rothschild Investment LLC purchased a new position in shares of Blue Owl Capital in the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Evercore ISI increased their price target on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. JMP Securities upped their price objective on shares of Blue Owl Capital from $24.00 to $25.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft raised their price target on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group increased their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company lifted their target price on shares of Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.15.

Blue Owl Capital Trading Down 4.1 %

OWL stock opened at $21.45 on Friday. The company has a market cap of $31.39 billion, a P/E ratio of 134.07, a P/E/G ratio of 1.49 and a beta of 1.18. The company’s 50-day moving average price is $19.81 and its 200 day moving average price is $18.68. Blue Owl Capital Inc. has a 52 week low of $12.24 and a 52 week high of $24.17.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The company had revenue of $549.85 million for the quarter, compared to the consensus estimate of $507.22 million. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. During the same period in the previous year, the business earned $0.16 earnings per share. On average, equities research analysts expect that Blue Owl Capital Inc. will post 0.78 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, November 11th. This represents a $0.72 annualized dividend and a dividend yield of 3.36%. Blue Owl Capital’s dividend payout ratio is presently 450.03%.

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.