Partners Group Holding AG Raises Stock Holdings in Blue Owl Capital Inc. $OWL

Partners Group Holding AG increased its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 99.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,790,863 shares of the company’s stock after purchasing an additional 892,582 shares during the quarter. Blue Owl Capital makes up 1.6% of Partners Group Holding AG’s holdings, making the stock its 21st largest position. Partners Group Holding AG owned 0.12% of Blue Owl Capital worth $34,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Banque Transatlantique SA purchased a new stake in shares of Blue Owl Capital during the 1st quarter worth $31,000. SVB Wealth LLC purchased a new stake in shares of Blue Owl Capital during the 1st quarter worth $38,000. Cullen Frost Bankers Inc. lifted its stake in shares of Blue Owl Capital by 39.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company’s stock worth $42,000 after purchasing an additional 583 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Blue Owl Capital by 70.5% during the 1st quarter. Allworth Financial LP now owns 2,414 shares of the company’s stock worth $45,000 after purchasing an additional 998 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Blue Owl Capital during the 1st quarter worth $50,000. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. increased their price target on Blue Owl Capital from $21.50 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Oppenheimer set a $25.00 price target on Blue Owl Capital and gave the company an “outperform” rating in a research note on Friday. Cowen reiterated a “buy” rating on shares of Blue Owl Capital in a research note on Monday, August 4th. Evercore ISI decreased their price target on Blue Owl Capital from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Citigroup reiterated a “market outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $22.00.

Blue Owl Capital Stock Up 2.5%

Shares of NYSE:OWL opened at $16.17 on Tuesday. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The stock has a market cap of $25.06 billion, a price-to-earnings ratio of 269.58, a PEG ratio of 1.13 and a beta of 1.13. The business has a 50-day moving average price of $17.36 and a 200-day moving average price of $18.45.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Blue Owl Capital had a return on equity of 20.03% and a net margin of 1.89%.The firm had revenue of $727.99 million during the quarter, compared to analysts’ expectations of $685.95 million. As a group, equities analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Monday, November 10th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Monday, November 10th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 1,500.00%.

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.