Canada Pension Plan Investment Board Purchases New Shares in Blue Owl Capital Inc. $OWL

Key Points

• The Canada Pension Plan Investment Board has acquired 125,478 shares of Blue Owl Capital Inc., valued at approximately $2,515,000, marking a significant new investment in the company.
• Analysts have revised price targets for Blue Owl Capital, with estimates ranging from $21.00 to $26.00, reflecting a consensus rating of "Moderate Buy" with an average target of $24.02.
• Blue Owl Capital recently declared a quarterly dividend of $0.225 per share, which represents a 5.0% dividend yield, despite a reported payout ratio of 1,000.00%.

Canada Pension Plan Investment Board acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 125,478 shares of the company's stock, valued at approximately $2,515,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its stake in shares of Blue Owl Capital by 380.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock valued at $27,000 after acquiring an additional 1,050 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of Blue Owl Capital during the 1st quarter worth about $38,000. Cullen Frost Bankers Inc. grew its holdings in shares of Blue Owl Capital by 39.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock worth $42,000 after purchasing an additional 583 shares during the period. State of Wyoming grew its holdings in shares of Blue Owl Capital by 27.1% during the 4th quarter. State of Wyoming now owns 2,359 shares of the company's stock worth $55,000 after purchasing an additional 503 shares during the period. Finally, Allworth Financial LP grew its holdings in shares of Blue Owl Capital by 70.5% during the 1st quarter. Allworth Financial LP now owns 2,414 shares of the company's stock worth $45,000 after purchasing an additional 998 shares during the period. Institutional investors and hedge funds own 35.85% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Piper Sandler boosted their target price on Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Raymond James Financial began coverage on Blue Owl Capital in a report on Monday, July 28th. They issued a "market perform" rating for the company. Cowen restated a "buy" rating on shares of Blue Owl Capital in a report on Monday, August 4th. Oppenheimer upped their price target on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Finally, Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $20.00 to $23.00 in a report on Tuesday, May 20th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.02.

Blue Owl Capital Price Performance

Shares of OWL stock traded down $0.30 on Friday, hitting $17.76. 16,053,176 shares of the stock traded hands, compared to its average volume of 6,743,771. The company has a market capitalization of $27.51 billion, a PE ratio of 197.30, a PEG ratio of 1.17 and a beta of 1.16. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The company's fifty day moving average is $19.30 and its 200 day moving average is $19.13.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%.The business had revenue of $703.11 million for the quarter, compared to analyst estimates of $642.13 million. As a group, equities research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a $0.225 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.90 annualized dividend and a yield of 5.1%. Blue Owl Capital's dividend payout ratio (DPR) is currently 1,000.00%.

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.