Norges Bank Takes Position in Blue Owl Capital Inc. $OWL

Norges Bank acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,413,871 shares of the company’s stock, valued at approximately $140,643,000. Norges Bank owned approximately 0.60% of Blue Owl Capital at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Cresset Asset Management LLC raised its holdings in shares of Blue Owl Capital by 1,345.0% in the third quarter. Cresset Asset Management LLC now owns 1,379,485 shares of the company’s stock worth $23,355,000 after acquiring an additional 1,284,021 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Blue Owl Capital by 16.8% during the third quarter. JPMorgan Chase & Co. now owns 11,572,226 shares of the company’s stock valued at $195,920,000 after acquiring an additional 1,667,608 shares during the last quarter. Capital International Investors boosted its stake in shares of Blue Owl Capital by 3.5% during the third quarter. Capital International Investors now owns 62,726,334 shares of the company’s stock valued at $1,061,999,000 after acquiring an additional 2,141,873 shares during the last quarter. Elevation Point Wealth Partners LLC increased its position in Blue Owl Capital by 5,256.9% during the 3rd quarter. Elevation Point Wealth Partners LLC now owns 374,236 shares of the company’s stock worth $6,336,000 after purchasing an additional 367,250 shares in the last quarter. Finally, Partners Group Holding AG increased its position in Blue Owl Capital by 8.3% during the 3rd quarter. Partners Group Holding AG now owns 1,940,155 shares of the company’s stock worth $32,847,000 after purchasing an additional 149,292 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Trading Up 5.2%

NYSE OWL opened at $10.20 on Friday. The business’s 50-day moving average price is $9.51 and its 200 day moving average price is $12.06. Blue Owl Capital Inc. has a twelve month low of $7.95 and a twelve month high of $21.08. The company has a market capitalization of $15.85 billion, a PE ratio of 84.96, a price-to-earnings-growth ratio of 1.02 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.19 EPS 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 company had revenue of $699.88 million during the quarter, compared to analysts’ expectations of $687.23 million. Equities analysts predict that Blue Owl Capital Inc. will post 0.88 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a $0.23 dividend. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 9.0%. The ex-dividend date of this dividend was Wednesday, May 13th. Blue Owl Capital’s dividend payout ratio is 766.67%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on OWL shares. Piper Sandler reduced their target price on shares of Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Zacks Research upgraded shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. Citizens Jmp cut their price objective on shares of Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 22nd. Raymond James Financial reissued a “strong-buy” rating on shares of Blue Owl Capital in a research note on Thursday, February 19th. Finally, Evercore set a $14.00 target price on shares of Blue Owl Capital in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.04.

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.