Hsbc Holdings PLC Sells 222,543 Shares of Blue Owl Capital Inc. $OWL

Hsbc Holdings PLC lowered its stake in Blue Owl Capital Inc. (NYSE:OWL) by 92.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,131 shares of the company’s stock after selling 222,543 shares during the period. Hsbc Holdings PLC’s holdings in Blue Owl Capital were worth $156,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Verity & Verity LLC increased its holdings in Blue Owl Capital by 45.2% in the 4th quarter. Verity & Verity LLC now owns 1,036,594 shares of the company’s stock worth $15,487,000 after purchasing an additional 322,530 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab boosted its stake in shares of Blue Owl Capital by 7.8% during the fourth quarter. Danica Pension Livsforsikringsaktieselskab now owns 4,149,597 shares of the company’s stock valued at $61,995,000 after purchasing an additional 300,000 shares in the last quarter. Leonteq Securities AG boosted its stake in shares of Blue Owl Capital by 842.3% during the first quarter. Leonteq Securities AG now owns 375,708 shares of the company’s stock valued at $3,430,000 after purchasing an additional 335,838 shares in the last quarter. Lind Value II ApS bought a new stake in shares of Blue Owl Capital during the fourth quarter worth about $30,724,000. Finally, Vanguard Group Inc. grew its holdings in shares of Blue Owl Capital by 1.0% during the fourth 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. Institutional investors own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on OWL shares. Credit Suisse Group set a $9.10 price objective on Blue Owl Capital in a research note on Thursday, July 2nd. Oppenheimer cut their target price on shares of Blue Owl Capital from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. Weiss Ratings restated a “hold (c-)” rating on shares of Blue Owl Capital in a research report on Thursday, June 18th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Blue Owl Capital in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.44.

Blue Owl Capital Price Performance

Shares of OWL opened at $11.56 on Wednesday. The business has a 50-day moving average of $9.55 and a 200-day moving average of $10.29. Blue Owl Capital Inc. has a 1 year low of $7.95 and a 1 year high of $20.58. The company has a market capitalization of $17.97 billion, a price-to-earnings ratio of 96.36, a price-to-earnings-growth ratio of 1.19 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, July 30th. The company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. The business had revenue of $693.56 million during the quarter, compared to the consensus estimate of $693.15 million. As a group, sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.88 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Thursday, August 13th. Blue Owl Capital’s dividend payout ratio is currently 766.67%.

Blue Owl Capital Company 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.