Hsbc Holdings PLC Buys New Holdings in Blue Owl Capital Inc. $OWL

Hsbc Holdings PLC bought a new stake in Blue Owl Capital Inc. (NYSE:OWL) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,913 shares of the company’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Blue Owl Capital by 13.5% during the 1st quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company’s stock worth $1,210,674,000 after purchasing an additional 7,206,495 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Blue Owl Capital by 4.6% during the 1st quarter. JPMorgan Chase & Co. now owns 9,671,728 shares of the company’s stock worth $193,821,000 after purchasing an additional 422,745 shares in the last quarter. Federated Hermes Inc. increased its holdings in Blue Owl Capital by 0.4% during the 1st quarter. Federated Hermes Inc. now owns 6,901,500 shares of the company’s stock worth $138,306,000 after purchasing an additional 24,800 shares in the last quarter. Cresset Asset Management LLC increased its holdings in Blue Owl Capital by 1.4% during the 1st quarter. Cresset Asset Management LLC now owns 6,140,749 shares of the company’s stock worth $123,061,000 after purchasing an additional 87,684 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its holdings in Blue Owl Capital by 1.9% during the 1st quarter. Westfield Capital Management Co. LP now owns 5,553,781 shares of the company’s stock worth $111,298,000 after purchasing an additional 101,307 shares in the last quarter. 35.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on OWL shares. Cowen restated a “buy” rating on shares of Blue Owl Capital in a research note on Monday, August 4th. Oppenheimer boosted their target price on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, July 14th. Wells Fargo & Company boosted their target price on Blue Owl Capital from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday, May 23rd. Evercore ISI boosted their target price on Blue Owl Capital from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Finally, Piper Sandler boosted their target price on Blue Owl Capital from $22.50 to $23.50 and gave the stock an “overweight” rating in a research note on Wednesday, July 2nd. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $24.02.

Blue Owl Capital Trading Down 1.6%

Blue Owl Capital stock opened at $17.76 on Friday. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73. The business’s 50 day simple moving average is $19.30 and its 200 day simple moving average is $19.16. The company has a market cap of $27.51 billion, a price-to-earnings ratio of 197.30, a PEG ratio of 1.18 and a beta of 1.16.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. The firm had revenue of $703.11 million for the quarter, compared to the consensus estimate of $642.13 million. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%. As a group, equities research analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a $0.225 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.90 annualized dividend and a dividend yield of 5.1%. Blue Owl Capital’s dividend payout ratio is presently 1,000.00%.

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.