Perfromance Wealth Partners LLC Has $523,000 Stake in Blue Owl Capital Inc. $OWL

Perfromance Wealth Partners LLC cut its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 81.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,225 shares of the company’s stock after selling 117,981 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Blue Owl Capital were worth $523,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Blue Owl Capital by 13.5% during the first quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company’s stock valued at $1,210,674,000 after buying an additional 7,206,495 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Blue Owl Capital by 4.6% in the first quarter. JPMorgan Chase & Co. now owns 9,671,728 shares of the company’s stock valued at $193,821,000 after buying an additional 422,745 shares during the period. Federated Hermes Inc. lifted its holdings in Blue Owl Capital by 0.4% during the first quarter. Federated Hermes Inc. now owns 6,901,500 shares of the company’s stock valued at $138,306,000 after purchasing an additional 24,800 shares during the last quarter. Beck Mack & Oliver LLC boosted its holdings in Blue Owl Capital by 12.1% in the 1st quarter. Beck Mack & Oliver LLC now owns 6,777,668 shares of the company’s stock worth $135,824,000 after buying an additional 732,452 shares during the period. Finally, Cresset Asset Management LLC grew its position in shares of Blue Owl Capital by 1.4% in the first quarter. Cresset Asset Management LLC now owns 6,140,749 shares of the company’s stock valued at $123,061,000 after purchasing an additional 87,684 shares in the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

Shares of OWL stock opened at $16.10 on Tuesday. The company’s fifty day moving average price is $18.18 and its 200-day moving average price is $18.57. The company has a market capitalization of $24.94 billion, a price-to-earnings ratio of 178.85, a PEG ratio of 1.07 and a beta of 1.13. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $642.13 million. Equities research analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Thursday, August 14th. Blue Owl Capital’s payout ratio is 1,000.00%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on OWL shares. The Goldman Sachs Group dropped their price objective on Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Evercore ISI upped their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Barclays cut their price target on shares of Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Oppenheimer upped their target price on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, July 14th. Finally, Citigroup lowered their price objective on shares of Blue Owl Capital from $23.00 to $19.00 and set a “buy” rating for the company in a report on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $22.54.

Blue Owl Capital 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.