Strategic Wealth Partners Ltd. Has $5.95 Million Stake in Blue Owl Capital Inc. (NYSE:OWL)

Strategic Wealth Partners Ltd. reduced its stake in Blue Owl Capital Inc. (NYSE:OWL) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 252,962 shares of the company’s stock after selling 11,074 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Blue Owl Capital were worth $5,950,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in OWL. Barclays PLC raised its holdings in Blue Owl Capital by 13.7% in the 3rd quarter. Barclays PLC now owns 1,571,806 shares of the company’s stock valued at $30,430,000 after acquiring an additional 189,082 shares in the last quarter. Wedmont Private Capital acquired a new position in Blue Owl Capital in the fourth quarter valued at about $204,000. Merit Financial Group LLC acquired a new position in Blue Owl Capital in the fourth quarter valued at about $519,000. Ameritas Advisory Services LLC bought a new stake in Blue Owl Capital during the fourth quarter worth about $473,000. Finally, Perfromance Wealth Partners LLC acquired a new stake in Blue Owl Capital during the fourth quarter worth about $2,721,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Stock Up 0.8%

NYSE OWL opened at $19.48 on Friday. The company has a market cap of $29.95 billion, a price-to-earnings ratio of 114.58, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The business’s fifty day moving average is $18.69 and its 200 day moving average is $21.70.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $620.19 million during the quarter, compared to the consensus estimate of $636.44 million. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. On average, research analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.18. This represents a $0.90 annualized dividend and a yield of 4.62%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 692.31%.

Wall Street Analysts Forecast Growth

Several research firms have commented on OWL. Wells Fargo & Company raised their target price on shares of Blue Owl Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. JMP Securities decreased their price objective on shares of Blue Owl Capital from $32.00 to $28.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Citigroup cut their target price on Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Barclays reduced their target price on Blue Owl Capital from $29.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. Finally, UBS Group lowered their price target 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. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $23.56.

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.