Chicago Partners Investment Group LLC Acquires 87,975 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Chicago Partners Investment Group LLC grew its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 23.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 468,422 shares of the company’s stock after buying an additional 87,975 shares during the period. Chicago Partners Investment Group LLC’s holdings in Blue Owl Capital were worth $10,886,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of OWL. FMR LLC grew its position in Blue Owl Capital by 29.9% in the third quarter. FMR LLC now owns 35,324,089 shares of the company’s stock worth $683,874,000 after acquiring an additional 8,138,475 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Blue Owl Capital by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock worth $174,829,000 after acquiring an additional 1,372,865 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Blue Owl Capital by 14.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock valued at $157,870,000 after purchasing an additional 1,016,505 shares during the last quarter. HighTower Advisors LLC lifted its stake in Blue Owl Capital by 29.1% in the third quarter. HighTower Advisors LLC now owns 3,599,852 shares of the company’s stock worth $69,690,000 after purchasing an additional 811,334 shares during the last quarter. Finally, M&G PLC purchased a new stake in Blue Owl Capital during the 3rd quarter valued at about $14,720,000. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $26.05 on Friday. The company has a fifty day moving average of $23.98 and a 200 day moving average of $21.22. Blue Owl Capital Inc. has a fifty-two week low of $15.18 and a fifty-two week high of $26.73. The company has a market capitalization of $38.91 billion, a P/E ratio of 153.24, a P/E/G ratio of 1.39 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The business had revenue of $600.88 million for the quarter, compared to analysts’ expectations of $565.93 million. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. During the same quarter in the previous year, the company earned $0.16 EPS. Analysts forecast that Blue Owl Capital Inc. will post 0.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $24.75 in a report on Monday, January 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 price target on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Evercore ISI boosted their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Wells Fargo & Company dropped their target price on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, Oppenheimer lifted their target price on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.85.

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.