Blue Owl Capital Inc. $OWL Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in Blue Owl Capital Inc. (NYSE:OWL) by 120.1% in the 4th quarter, Holdings Channel reports. The firm owned 5,344,693 shares of the company’s stock after purchasing an additional 2,916,023 shares during the period. Bank of New York Mellon Corp’s holdings in Blue Owl Capital were worth $79,850,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in OWL. Bessemer Group Inc. grew its stake in shares of Blue Owl Capital by 20.3% in the third quarter. Bessemer Group Inc. now owns 4,967 shares of the company’s stock worth $84,000 after acquiring an additional 838 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in shares of Blue Owl Capital by 1.2% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 76,939 shares of the company’s stock worth $1,149,000 after acquiring an additional 909 shares in the last quarter. Halbert Hargrove Global Advisors LLC grew its stake 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 worth $30,000 after acquiring an additional 910 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Blue Owl Capital by 26.0% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,970 shares of the company’s stock worth $84,000 after purchasing an additional 1,027 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake 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 purchasing an additional 1,182 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Trading Down 3.7%

Shares of OWL stock opened at $9.44 on Tuesday. The company’s fifty day simple moving average is $9.53 and its 200-day simple moving average is $12.00. Blue Owl Capital Inc. has a 52 week low of $7.95 and a 52 week high of $21.08. The company has a market cap of $14.67 billion, a PE ratio of 78.63, a P/E/G ratio of 1.03 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $699.88 million during the quarter, compared to analyst estimates of $687.23 million. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. Equities research analysts expect that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on OWL shares. JPMorgan Chase & Co. lowered 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. TD Cowen reaffirmed a “buy” rating and issued a $14.00 target price on shares of Blue Owl Capital in a report on Monday, May 18th. Raymond James Financial reiterated a “strong-buy” rating on shares of Blue Owl Capital in a research note on Thursday, February 19th. BMO Capital Markets dropped their price target on shares of Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 24th. Finally, The Goldman Sachs Group lowered their target price on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average 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.