M&G Plc Makes New $14.72 Million Investment in Blue Owl Capital Inc. (NYSE:OWL)

M&G PLC purchased a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 774,752 shares of the company's stock, valued at approximately $14,720,000. M&G PLC owned about 0.05% of Blue Owl Capital at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Advisor Group LLC raised its holdings in Blue Owl Capital by 47.7% in the 1st quarter. Private Advisor Group LLC now owns 33,059 shares of the company's stock worth $623,000 after acquiring an additional 10,684 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Blue Owl Capital by 270.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 55,664 shares of the company's stock valued at $1,050,000 after purchasing an additional 40,643 shares during the period. Duality Advisers LP boosted its stake in shares of Blue Owl Capital by 59.5% in the first quarter. Duality Advisers LP now owns 45,005 shares of the company's stock worth $849,000 after acquiring an additional 16,783 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in Blue Owl Capital during the 1st quarter valued at approximately $221,000. Finally, Empowered Funds LLC increased its holdings in Blue Owl Capital by 15.6% in the 1st quarter. Empowered Funds LLC now owns 85,116 shares of the company's stock valued at $1,605,000 after acquiring an additional 11,511 shares during the last quarter. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Price Performance

OWL stock traded up $0.33 during mid-day trading on Friday, reaching $22.89. 6,228,775 shares of the company's stock were exchanged, compared to its average volume of 5,415,119. The company has a market cap of $33.50 billion, a price-to-earnings ratio of 133.83, a price-to-earnings-growth ratio of 1.41 and a beta of 1.14. The stock's 50 day moving average is $20.17 and its 200 day moving average is $18.78. Blue Owl Capital Inc. has a 12-month low of $13.01 and a 12-month high of $24.17.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Blue Owl Capital had a return on equity of 20.61% and a net margin of 4.95%. The company had revenue of $600.88 million for the quarter, compared to analysts' expectations of $565.93 million. During the same period in the previous year, the firm posted $0.16 EPS. On average, research analysts forecast that Blue Owl Capital Inc. will post 0.78 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 3.15%. Blue Owl Capital's dividend payout ratio is presently 423.55%.

Wall Street Analyst Weigh In

OWL has been the subject of a number of analyst reports. Oppenheimer increased their price target on shares of Blue Owl Capital from $21.00 to $24.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Evercore ISI increased their price target on Blue Owl Capital from $21.00 to $22.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th. Piper Sandler boosted their price objective on shares of Blue Owl Capital from $23.00 to $25.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, UBS Group upped their target price on Blue Owl Capital from $20.00 to $27.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $22.15.

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.