Capital International Inc. CA Cuts Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

Capital International Inc. CA trimmed its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 25.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,968 shares of the company's stock after selling 14,406 shares during the period. Capital International Inc. CA's holdings in Blue Owl Capital were worth $976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in OWL. FMR LLC grew its stake in Blue Owl Capital by 28.1% in the fourth quarter. FMR LLC now owns 45,241,160 shares of the company's stock worth $1,052,309,000 after purchasing an additional 9,917,071 shares in the last quarter. Capital World Investors grew its holdings in Blue Owl Capital by 14.5% during the 4th quarter. Capital World Investors now owns 77,168,640 shares of the company's stock worth $1,794,943,000 after acquiring an additional 9,794,102 shares in the last quarter. Norges Bank purchased a new position in Blue Owl Capital during the 4th quarter valued at about $137,118,000. Vanguard Group Inc. boosted its stake in shares of Blue Owl Capital by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock valued at $1,237,581,000 after purchasing an additional 5,558,868 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Blue Owl Capital by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock worth $174,829,000 after buying an additional 1,372,865 shares during the period. 35.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on OWL. Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. The Goldman Sachs Group lowered Blue Owl Capital from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. TD Cowen upgraded shares of Blue Owl Capital from a "hold" rating to a "buy" rating and lifted their target price for the stock from $26.00 to $28.00 in a research note on Thursday, January 16th. Evercore ISI raised their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. Finally, Citigroup cut their target price on 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. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Blue Owl Capital currently has an average rating of "Moderate Buy" and a consensus target price of $23.79.

Blue Owl Capital Price Performance

OWL stock traded up $0.03 during trading on Friday, hitting $18.50. The stock had a trading volume of 4,338,698 shares, compared to its average volume of 6,697,243. The company's 50-day moving average price is $19.33 and its two-hundred day moving average price is $22.10. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The stock has a market capitalization of $28.45 billion, a P/E ratio of 108.83, a PEG ratio of 1.23 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting 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, sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital's dividend payout ratio is presently 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.