Capital International Investors Purchases 73,483 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Capital International Investors raised its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,904,975 shares of the company's stock after acquiring an additional 73,483 shares during the quarter. Capital International Investors owned about 3.21% of Blue Owl Capital worth $1,114,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC raised its stake in shares of Blue Owl Capital by 1.6% during the 4th quarter. Global Retirement Partners LLC now owns 25,499 shares of the company's stock valued at $593,000 after purchasing an additional 413 shares during the period. Dynasty Wealth Management LLC lifted its holdings in shares of Blue Owl Capital by 0.5% in the fourth quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company's stock worth $1,828,000 after buying an additional 417 shares in the last quarter. Allworth Financial LP boosted its position in shares of Blue Owl Capital by 43.3% in the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after acquiring an additional 428 shares during the period. Principal Securities Inc. grew its stake in Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock valued at $45,000 after acquiring an additional 450 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its stake in Blue Owl Capital by 4.1% in the 4th quarter. Miracle Mile Advisors LLC now owns 12,289 shares of the company's stock worth $286,000 after purchasing an additional 479 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on OWL shares. TD Cowen raised shares of Blue Owl Capital from a "hold" rating to a "buy" rating and upped their price target for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. Cfra Research raised Blue Owl Capital to a "moderate buy" rating in a report on Thursday, March 27th. Barclays decreased their price objective on shares of Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Citigroup lowered their price objective on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Evercore ISI increased their target price on Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $23.79.

Blue Owl Capital Price Performance

Blue Owl Capital stock traded up $0.99 during trading hours on Wednesday, reaching $17.95. The company had a trading volume of 5,157,998 shares, compared to its average volume of 6,644,511. The firm has a market cap of $27.60 billion, a price-to-earnings ratio of 105.59, a P/E/G ratio of 1.23 and a beta of 1.20. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73. The company has a 50-day moving average price of $19.68 and a 200 day moving average price of $22.16.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. As a group, research analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were given a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.01%. Blue Owl Capital's dividend payout ratio is currently 423.53%.

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.