Capital World Investors Purchases 9,794,102 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Capital World Investors boosted its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 14.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,168,640 shares of the company's stock after purchasing an additional 9,794,102 shares during the quarter. Capital World Investors owned about 5.17% of Blue Owl Capital worth $1,794,943,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC increased its position in Blue Owl Capital by 316.1% during the fourth quarter. Rothschild Investment LLC now owns 33,955 shares of the company's stock worth $790,000 after acquiring an additional 25,795 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Blue Owl Capital by 17.9% in the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock valued at $174,829,000 after buying an additional 1,372,865 shares during the period. Arizona State Retirement System grew its position in Blue Owl Capital by 14.7% during the fourth quarter. Arizona State Retirement System now owns 154,708 shares of the company's stock worth $3,599,000 after buying an additional 19,810 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in Blue Owl Capital during the fourth quarter valued at about $1,773,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Blue Owl Capital by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company's stock valued at $80,179,000 after acquiring an additional 106,485 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company's stock.

Blue Owl Capital Stock Performance

Shares of NYSE OWL traded up $0.92 during trading on Thursday, reaching $18.59. The company had a trading volume of 6,334,330 shares, compared to its average volume of 8,219,207. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73. The business's 50 day moving average price is $19.56 and its 200-day moving average price is $22.13. The stock has a market cap of $28.58 billion, a PE ratio of 109.34, a PEG ratio of 1.23 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced 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 return on equity of 20.82% and a net margin of 4.77%. Equities analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 yield of 3.87%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital's dividend payout ratio is presently 423.53%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on OWL shares. Evercore ISI upped 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. JMP Securities lowered their target price 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. Piper Sandler cut their price target on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group lowered Blue Owl Capital from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $25.00 to $24.75 in a research note on Monday, January 6th. Finally, Oppenheimer set a $24.00 target price on Blue Owl Capital and gave the stock an "outperform" rating in a research report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Blue Owl Capital presently has an average rating of "Moderate Buy" and an average target price of $23.79.

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.