Hsbc Holdings PLC Raises Holdings in Blue Owl Capital Inc. $OWL

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

Other hedge funds have also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC lifted its stake in Blue Owl Capital by 1.2% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 76,939 shares of the company’s stock valued at $1,149,000 after buying an additional 909 shares during the last quarter. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Blue Owl Capital by 83.5% in the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after acquiring an additional 910 shares during the period. VestGen Advisors LLC grew its position in shares of Blue Owl Capital by 5.4% during the fourth quarter. VestGen Advisors LLC now owns 17,850 shares of the company’s stock worth $267,000 after acquiring an additional 912 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Blue Owl Capital by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 190,579 shares of the company’s stock worth $3,227,000 after acquiring an additional 1,182 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Blue Owl Capital by 1.6% in the 4th quarter. Deutsche Bank AG now owns 77,962 shares of the company’s stock valued at $1,165,000 after acquiring an additional 1,222 shares during the period. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Up 0.7%

NYSE:OWL opened at $9.37 on Friday. Blue Owl Capital Inc. has a 52-week low of $7.95 and a 52-week high of $21.08. The stock has a fifty day simple moving average of $9.62 and a 200-day simple moving average of $11.00. The company has a market capitalization of $14.56 billion, a PE ratio of 78.05, a price-to-earnings-growth ratio of 0.99 and a beta of 1.22.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $699.88 million for the quarter, compared to analysts’ expectations of $687.23 million. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. As a group, equities analysts anticipate that Blue Owl Capital Inc. will post 0.87 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were paid a dividend of $0.23 per share. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.8%. Blue Owl Capital’s dividend payout ratio is 766.67%.

Analyst Ratings Changes

Several analysts recently commented on OWL shares. TD Cowen reiterated a “buy” rating and issued a $14.00 price target on shares of Blue Owl Capital in a research report on Monday, May 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Blue Owl Capital in a research report on Thursday, June 18th. UBS Group restated a “neutral” rating and issued a $9.50 price objective on shares of Blue Owl Capital in a research note on Thursday, June 11th. Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.37.

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.