Capital World Investors Increases Position in Blue Owl Capital Inc. (NYSE:OWL)

Capital World Investors boosted its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 14.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,168,640 shares of the company’s stock after purchasing an additional 9,794,102 shares during the quarter. Capital World Investors owned about 5.17% of Blue Owl Capital worth $1,794,943,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. purchased a new stake in shares of Blue Owl Capital in the fourth quarter worth about $27,000. Allworth Financial LP raised its stake in Blue Owl Capital by 43.3% during the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock valued at $36,000 after purchasing an additional 428 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Blue Owl Capital by 232.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock valued at $44,000 after purchasing an additional 1,315 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of Blue Owl Capital by 30.6% in the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock worth $45,000 after buying an additional 450 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Blue Owl Capital by 136.2% during the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after buying an additional 1,110 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Up 2.0 %

Shares of OWL opened at $17.44 on Friday. The company has a 50 day moving average of $19.95 and a two-hundred day moving average of $22.20. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The company has a market cap of $26.81 billion, a price-to-earnings ratio of 102.56, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Cfra Research upgraded Blue Owl Capital to a “moderate buy” rating in a research report on Thursday, March 27th. TD Cowen raised shares of Blue Owl Capital from a “hold” rating to a “buy” rating and boosted their target price for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. JMP Securities decreased their price objective on shares of Blue Owl Capital from $32.00 to $28.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $25.00 to $24.75 in a report on Monday, January 6th. Finally, Wells Fargo & Company lowered their target price on Blue Owl Capital from $22.00 to $19.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.79.

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.