Capital Research Global Investors Trims Stake in Blue Owl Capital Inc. (NYSE:OWL)

Capital Research Global Investors lessened its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,307,409 shares of the company's stock after selling 2,157,280 shares during the quarter. Capital Research Global Investors owned about 0.89% of Blue Owl Capital worth $309,535,000 at the end of the most recent reporting period.

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

Blue Owl Capital Trading Down 0.1 %

NYSE:OWL traded down $0.02 during trading hours on Friday, hitting $18.46. The company's stock had a trading volume of 1,668,461 shares, compared to its average volume of 6,679,682. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The stock has a market capitalization of $28.38 billion, a P/E ratio of 108.74, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. The stock has a fifty day moving average of $19.45 and a 200-day moving average of $22.11.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its 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 forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 3.90%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital's payout ratio is 423.53%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on OWL shares. JMP Securities dropped their price target on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Piper Sandler dropped their target price on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. TD Cowen raised 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 report on Thursday, January 16th. Wells Fargo & Company dropped their price objective on Blue Owl Capital from $22.00 to $19.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Finally, Citigroup decreased their target price on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Blue Owl Capital presently has an average rating of "Moderate Buy" and an average price target of $23.79.

Blue Owl Capital Company 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.