Capital International Investors Acquires 2,141,873 Shares of Blue Owl Capital Inc. $OWL

Capital International Investors boosted its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,726,334 shares of the company’s stock after purchasing an additional 2,141,873 shares during the period. Capital International Investors owned about 4.05% of Blue Owl Capital worth $1,061,999,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its stake in shares of Blue Owl Capital by 117.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock worth $27,000 after purchasing an additional 867 shares during the period. Activest Wealth Management bought a new position in Blue Owl Capital during the third quarter valued at about $50,000. Headlands Technologies LLC purchased a new stake in Blue Owl Capital during the second quarter worth about $51,000. BI Asset Management Fondsmaeglerselskab A S raised its position in Blue Owl Capital by 26.0% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,970 shares of the company’s stock worth $84,000 after acquiring an additional 1,027 shares during the period. Finally, Bessemer Group Inc. raised its position in Blue Owl Capital by 20.3% in the third quarter. Bessemer Group Inc. now owns 4,967 shares of the company’s stock worth $84,000 after acquiring an additional 838 shares during the period. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Down 0.8%

OWL opened at $9.82 on Tuesday. The firm has a 50-day moving average price of $13.32 and a 200-day moving average price of $15.35. Blue Owl Capital Inc. has a twelve month low of $9.54 and a twelve month high of $21.88. The company has a market capitalization of $15.26 billion, a price-to-earnings ratio of 98.16, a PEG ratio of 0.82 and a beta of 1.15.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $701.47 million for the quarter, compared to analysts’ expectations of $712.75 million. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. On average, sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 20th were given a $0.225 dividend. The ex-dividend date was Friday, February 20th. This represents a $0.90 annualized dividend and a dividend yield of 9.2%. Blue Owl Capital’s payout ratio is 900.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on OWL. TD Cowen reissued a “buy” rating on shares of Blue Owl Capital in a research report on Wednesday, January 14th. UBS Group lowered their price target on shares of Blue Owl Capital from $16.50 to $12.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. The Goldman Sachs Group dropped their price objective on Blue Owl Capital from $16.25 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Oppenheimer decreased their target price on Blue Owl Capital from $24.00 to $17.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. Finally, Evercore set a $14.00 target price on Blue Owl Capital in a research note on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Blue Owl Capital Company Profile

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.