NewEdge Wealth LLC Raises Stock Holdings in Blue Owl Capital Inc. $OWL

NewEdge Wealth LLC raised its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 136.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,702 shares of the company’s stock after purchasing an additional 62,162 shares during the quarter. NewEdge Wealth LLC’s holdings in Blue Owl Capital were worth $983,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hsbc Holdings PLC raised its holdings in Blue Owl Capital by 129.4% in the fourth quarter. Hsbc Holdings PLC now owns 239,674 shares of the company’s stock valued at $3,590,000 after acquiring an additional 135,184 shares in the last quarter. Verity & Verity LLC grew its holdings in Blue Owl Capital by 45.2% during the 4th quarter. Verity & Verity LLC now owns 1,036,594 shares of the company’s stock worth $15,487,000 after acquiring an additional 322,530 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in Blue Owl Capital by 258.8% during the 1st quarter. Wealthfront Advisers LLC now owns 288,826 shares of the company’s stock worth $2,637,000 after acquiring an additional 208,331 shares in the last quarter. Diversify Wealth Management LLC grew its holdings in Blue Owl Capital by 86.3% during the 1st quarter. Diversify Wealth Management LLC now owns 456,458 shares of the company’s stock worth $4,053,000 after acquiring an additional 211,419 shares in the last quarter. Finally, Danica Pension Livsforsikringsaktieselskab increased its position in shares of Blue Owl Capital by 7.8% in the 4th quarter. Danica Pension Livsforsikringsaktieselskab now owns 4,149,597 shares of the company’s stock worth $61,995,000 after purchasing an additional 300,000 shares during the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Oppenheimer cut their target price on shares of Blue Owl Capital from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Citizens Jmp lowered their price objective on Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating for the company in a report on Thursday, July 9th. Barclays lowered their price objective on Blue Owl Capital from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Thursday, July 9th. JPMorgan Chase & Co. cut their price objective on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group reduced their target price on Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $13.16.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $9.67 on Tuesday. The firm’s 50-day moving average is $9.49 and its 200-day moving average is $10.51. Blue Owl Capital Inc. has a 1 year low of $7.95 and a 1 year high of $20.58. The company has a market cap of $15.04 billion, a P/E ratio of 80.61, a PEG ratio of 1.02 and a beta of 1.22.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $699.88 million during the quarter, compared to analyst estimates of $687.23 million. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. As a group, sell-side analysts predict that Blue Owl Capital Inc. will post 0.87 earnings per share for the current year.

About Blue Owl Capital

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.