Capital Research Global Investors Buys 2,979,567 Shares of Blue Owl Capital Inc. $OWL

Capital Research Global Investors increased its stake in Blue Owl Capital Inc. (NYSE:OWL) by 225.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,299,836 shares of the company’s stock after purchasing an additional 2,979,567 shares during the period. Capital Research Global Investors’ holdings in Blue Owl Capital were worth $64,240,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Capital World Investors raised its position in Blue Owl Capital by 1.4% in the 3rd quarter. Capital World Investors now owns 85,216,556 shares of the company’s stock worth $1,442,725,000 after purchasing an additional 1,143,201 shares during the last quarter. Vanguard Group Inc. raised its position in Blue Owl Capital by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 68,608,868 shares of the company’s stock worth $1,025,016,000 after purchasing an additional 691,980 shares during the last quarter. Capital International Investors grew its holdings in Blue Owl Capital by 4.3% during the 4th quarter. Capital International Investors now owns 65,402,615 shares of the company’s stock worth $977,118,000 after acquiring an additional 2,676,281 shares during the period. Bank of America Corp DE grew its holdings in Blue Owl Capital by 8.4% during the 3rd quarter. Bank of America Corp DE now owns 22,563,953 shares of the company’s stock worth $382,008,000 after acquiring an additional 1,751,024 shares during the period. Finally, Boston Partners grew its holdings in Blue Owl Capital by 121.9% during the 3rd quarter. Boston Partners now owns 12,153,776 shares of the company’s stock worth $205,493,000 after acquiring an additional 6,677,610 shares during the period. Institutional investors own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Piper Sandler lowered their target price on shares of Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Citizens Jmp lowered their target price on shares of Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating for the company in a report on Wednesday, April 22nd. TD Cowen reaffirmed a “buy” rating and set a $14.00 target price on shares of Blue Owl Capital in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft lowered shares of Blue Owl Capital from a “buy” rating to a “hold” rating and lowered their target price for the stock from $15.00 to $10.00 in a report on Tuesday, February 24th. Finally, The Goldman Sachs Group lowered their target price on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $14.04.

Blue Owl Capital Stock Up 2.0%

Shares of OWL stock opened at $9.61 on Wednesday. Blue Owl Capital Inc. has a 12-month low of $7.95 and a 12-month high of $21.08. The firm has a market capitalization of $14.93 billion, a price-to-earnings ratio of 80.04, a price-to-earnings-growth ratio of 0.99 and a beta of 1.20. The firm has a fifty day moving average of $9.55 and a 200-day moving average of $11.97.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. The company had revenue of $699.88 million during the quarter, compared to analyst estimates of $687.23 million. Research analysts expect that Blue Owl Capital Inc. will post 0.88 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a $0.23 dividend. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.92 annualized dividend and a dividend yield of 9.6%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 766.67%.

Blue Owl Capital News Summary

Here are the key news stories impacting Blue Owl Capital this week:

• Positive Sentiment: Blue Owl opened a new office in Abu Dhabi’s ADGM financial center, expanding its footprint in the Middle East and signaling continued international growth and client demand. Blue Owl Strengthens Global Presence with Opening of Abu Dhabi Office
• Positive Sentiment: The company is also being highlighted for large financing activity in Northern Virginia data centers, including nearly $1 billion in refinancing and a $975 million recapitalization, which reinforces Blue Owl’s strength in private credit and digital infrastructure lending. Blue Owl Provides Nearly $1B In Refinancing For Northern Virginia Data Center Blue Owl Provides $975M Recap of Northern Virginia Data Center Development
• Neutral Sentiment: Several outlets repeated the Abu Dhabi office announcement, increasing visibility but not adding new fundamentals. Blue Owl Capital boosts global presence with opening of Abu Dhabi office Blue Owl Capital: Blue Owl Strengthens Global Presence with Opening of Abu Dhabi Office Blue Owl opens Abu Dhabi office as regional headquarters
• Neutral Sentiment: Blue Owl is reportedly seeking a $500 million bond sale for a fund that previously capped redemptions, which suggests financing flexibility but also keeps liquidity/redemption concerns in view. Blue Owl fund facing redemptions raises $500 million in bond sale, Bloomberg News reports Blue Owl Fund Hit by Redemptions Set to Sell $500 Million Bond
• Negative Sentiment: An investor-law firm also announced an investigation notice tied to Blue Owl-related funds and share exchanges, which can add headline risk even if it is not yet a formal claim. INVESTIGATION NOTICE: Girard Sharp Law Firm Encourages Former Investors…

About Blue Owl Capital

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.