Creative Planning Raises Stake in Blue Owl Capital Inc. (NYSE:OWL)

Creative Planning lifted its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 25.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,771 shares of the company’s stock after buying an additional 10,224 shares during the quarter. Creative Planning’s holdings in Blue Owl Capital were worth $901,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Chicago Partners Investment Group LLC boosted its position in shares of Blue Owl Capital by 19.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 232,163 shares of the company’s stock worth $3,612,000 after acquiring an additional 37,641 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Blue Owl Capital in the fourth quarter worth approximately $160,000. Goldman Sachs Group Inc. boosted its position in shares of Blue Owl Capital by 22.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,819,431 shares of the company’s stock worth $27,110,000 after acquiring an additional 328,719 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Blue Owl Capital by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 40,480,663 shares of the company’s stock worth $603,162,000 after acquiring an additional 281,324 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Blue Owl Capital by 24.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 68,142 shares of the company’s stock worth $1,015,000 after acquiring an additional 13,291 shares during the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Trading Up 2.1 %

NYSE OWL opened at $21.40 on Friday. The company’s fifty day simple moving average is $18.11 and its 200-day simple moving average is $18.27. Blue Owl Capital Inc. has a 52 week low of $12.11 and a 52 week high of $21.56. The stock has a market cap of $31.31 billion, a P/E ratio of 133.73, a PEG ratio of 1.29 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The business had revenue of $549.85 million during the quarter, compared to analyst estimates of $507.22 million. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. During the same quarter in the previous year, the firm earned $0.16 earnings per share. On average, research analysts expect that Blue Owl Capital Inc. will post 0.79 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.37%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 450.03%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JMP Securities raised their target price on shares of Blue Owl Capital from $24.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Wednesday. UBS Group reduced their price target on shares of Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Piper Sandler lifted their price target on shares of Blue Owl Capital from $20.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday. Evercore ISI lifted 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 report on Tuesday. Finally, TD Cowen reaffirmed a “hold” rating and set a $19.00 price target (down from $21.50) on shares of Blue Owl Capital in a research report on Monday, July 8th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average price target of $20.90.

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.