Stephens Inc. AR Grows Position in Blue Owl Capital Inc. $OWL

Stephens Inc. AR grew its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 667,466 shares of the company’s stock after purchasing an additional 21,136 shares during the quarter. Stephens Inc. AR’s holdings in Blue Owl Capital were worth $12,822,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Chicago Partners Investment Group LLC boosted its stake in shares of Blue Owl Capital by 8.1% during the second quarter. Chicago Partners Investment Group LLC now owns 601,768 shares of the company’s stock valued at $12,288,000 after purchasing an additional 45,261 shares during the period. J.Safra Asset Management Corp lifted its stake in Blue Owl Capital by 22.2% in the second quarter. J.Safra Asset Management Corp now owns 12,806 shares of the company’s stock worth $249,000 after acquiring an additional 2,328 shares during the period. TD Asset Management Inc purchased a new stake in Blue Owl Capital in the second quarter worth $976,000. IFC Advisors LLC lifted its stake in Blue Owl Capital by 9.4% in the second quarter. IFC Advisors LLC now owns 264,719 shares of the company’s stock worth $5,085,000 after acquiring an additional 22,645 shares during the period. Finally, Verdence Capital Advisors LLC lifted its stake in Blue Owl Capital by 2.4% in the second quarter. Verdence Capital Advisors LLC now owns 118,209 shares of the company’s stock worth $2,271,000 after acquiring an additional 2,788 shares during the period. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 3.1%

Shares of Blue Owl Capital stock opened at $16.69 on Tuesday. The firm has a market capitalization of $25.85 billion, a P/E ratio of 185.42, a P/E/G ratio of 1.16 and a beta of 1.13. The business has a fifty day simple moving average of $17.89 and a two-hundred day simple moving average of $18.48. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. The business had revenue of $703.11 million during 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 predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.225 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.90 annualized dividend and a dividend yield of 5.4%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 1,000.00%.

Analysts Set New Price Targets

A number of brokerages recently commented on OWL. Raymond James Financial began coverage on Blue Owl Capital in a research note on Monday, July 28th. They issued a “market perform” rating for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Blue Owl Capital in a research note on Wednesday, October 8th. Citigroup dropped their price target on Blue Owl Capital from $23.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Oppenheimer dropped their price target on Blue Owl Capital from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. Finally, Piper Sandler dropped their price target on Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.38.

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.