Hsbc Holdings PLC Acquires 135,184 Shares of Blue Owl Capital Inc. $OWL

Hsbc Holdings PLC increased its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 129.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 239,674 shares of the company’s stock after buying an additional 135,184 shares during the period. Hsbc Holdings PLC’s holdings in Blue Owl Capital were worth $3,590,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in OWL. Norges Bank acquired a new stake in Blue Owl Capital in the 4th quarter valued at about $140,643,000. William Blair Investment Management LLC bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $113,782,000. Boston Partners increased its holdings in shares of Blue Owl Capital by 121.9% in the third quarter. Boston Partners now owns 12,153,776 shares of the company’s stock valued at $205,493,000 after purchasing an additional 6,677,610 shares in the last quarter. Capital World Investors increased its holdings in shares of Blue Owl Capital by 5.9% in the fourth quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock valued at $1,348,272,000 after purchasing an additional 5,029,134 shares in the last quarter. Finally, Danica Pension Livsforsikringsaktieselskab bought a new position in Blue Owl Capital in the 3rd quarter worth approximately $65,174,000. Institutional investors own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on OWL shares. Piper Sandler reduced their price objective on Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Barclays lifted their target price on Blue Owl Capital from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. TD Cowen restated a “buy” rating and set a $14.00 target price on shares of Blue Owl Capital in a research report on Monday, May 18th. Oppenheimer cut their price target on Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Blue Owl Capital in a report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold 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 $14.04.

Blue Owl Capital Stock Up 0.1%

Shares of Blue Owl Capital stock opened at $8.58 on Monday. Blue Owl Capital Inc. has a 12 month low of $7.95 and a 12 month high of $21.08. The business has a fifty day simple moving average of $9.70 and a 200 day simple moving average of $11.45. The stock has a market cap of $13.33 billion, a PE ratio of 71.47, a price-to-earnings-growth ratio of 0.90 and a beta of 1.20.

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

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a $0.23 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 10.7%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s dividend payout ratio is 766.67%.

Blue Owl Capital Profile

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.