Capital Research Global Investors Cuts Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Capital Research Global Investors cut its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,307,409 shares of the company's stock after selling 2,157,280 shares during the period. Capital Research Global Investors owned 0.89% of Blue Owl Capital worth $309,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Rakuten Securities Inc. bought a new stake in Blue Owl Capital in the fourth quarter worth about $27,000. Allworth Financial LP boosted its holdings 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 purchasing an additional 428 shares during the period. Jones Financial Companies Lllp grew its stake in Blue Owl Capital by 232.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock worth $44,000 after purchasing an additional 1,315 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of Blue Owl Capital by 30.6% in 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, Versant Capital Management Inc increased its position in Blue Owl Capital by 136.2% during the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock valued at $45,000 after purchasing an additional 1,110 shares during the period. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Stock Up 4.5 %

Shares of NYSE:OWL traded up $0.79 during trading on Thursday, hitting $18.46. 9,538,102 shares of the stock traded hands, compared to its average volume of 6,685,272. The company has a fifty day moving average price of $19.56 and a two-hundred day moving average price of $22.13. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The company has a market cap of $28.39 billion, a price-to-earnings ratio of 108.59, a P/E/G ratio of 1.23 and a beta of 1.20.

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 for the quarter, meeting 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, equities research analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.90%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital's payout ratio is presently 423.53%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Barclays cut their target price on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. The Goldman Sachs Group lowered Blue Owl Capital from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $25.00 to $24.75 in a report on Monday, January 6th. Evercore ISI increased their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Friday, January 17th. JMP Securities cut their price target on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, Cfra Research raised Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $23.79.

About Blue Owl Capital

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.