M&G PLC Has $25.65 Million Stake in Blue Owl Capital Inc. $OWL

M&G PLC lifted its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 27.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,349,751 shares of the company’s stock after buying an additional 288,078 shares during the period. M&G PLC owned about 0.09% of Blue Owl Capital worth $25,645,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Chicago Partners Investment Group LLC lifted its position in shares of Blue Owl Capital by 8.1% in the second quarter. Chicago Partners Investment Group LLC now owns 601,768 shares of the company’s stock worth $12,288,000 after purchasing an additional 45,261 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Blue Owl Capital by 17.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 189,397 shares of the company’s stock worth $3,638,000 after buying an additional 27,995 shares during the last quarter. Meridian Wealth Management LLC bought a new position in shares of Blue Owl Capital in the 1st quarter valued at about $2,457,000. Envestnet Asset Management Inc. raised its holdings in Blue Owl Capital by 4.0% during the second quarter. Envestnet Asset Management Inc. now owns 954,764 shares of the company’s stock worth $18,341,000 after acquiring an additional 36,784 shares in the last quarter. Finally, Advent International L.P. raised its stake in shares of Blue Owl Capital by 14.2% during the 1st quarter. Advent International L.P. now owns 4,600,905 shares of the company’s stock worth $92,202,000 after purchasing an additional 570,905 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

OWL has been the subject of several analyst reports. Barclays decreased their target price on shares of Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Blue Owl Capital in a research report on Wednesday, October 8th. The Goldman Sachs Group lowered their price objective on shares of Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. JPMorgan Chase & Co. raised their target price on shares of Blue Owl Capital from $21.50 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Finally, Citigroup reissued a “market outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $15.05 on Wednesday. The company has a market capitalization of $23.32 billion, a price-to-earnings ratio of 250.88, a PEG ratio of 1.11 and a beta of 1.12. The company has a 50-day simple moving average of $16.97 and a 200 day simple moving average of $18.35. Blue Owl Capital Inc. has a 52 week low of $14.52 and a 52 week high of $26.73.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Blue Owl Capital had a net margin of 1.89% and a return on equity of 20.05%. The firm had revenue of $727.99 million for the quarter, compared to analysts’ expectations of $685.95 million. Sell-side analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Monday, November 10th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.90 dividend on an annualized basis and a yield of 6.0%. Blue Owl Capital’s dividend payout ratio is currently 1,500.00%.

Blue Owl Capital 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.