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

Bank of New York Mellon Corp grew its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 9.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,832,784 shares of the company’s stock after acquiring an additional 488,091 shares during the period. Bank of New York Mellon Corp’s holdings in Blue Owl Capital were worth $53,253,000 at the end of the most recent quarter.

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

Blue Owl Capital Stock Up 0.5%

OWL stock opened at $9.21 on Friday. The stock has a market capitalization of $14.31 billion, a P/E ratio of 76.71, a P/E/G ratio of 0.99 and a beta of 1.22. Blue Owl Capital Inc. has a 52 week low of $7.95 and a 52 week high of $20.68. The firm has a 50-day simple moving average of $9.49 and a 200-day simple moving average of $10.60.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%.The company had revenue of $699.88 million during the quarter, compared to analyst estimates of $687.23 million. On average, analysts expect that Blue Owl Capital Inc. will post 0.87 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, May 13th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 10.0%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 766.67%.

Analysts Set New Price Targets

OWL has been the subject of several analyst reports. Barclays decreased their target price on shares of Blue Owl Capital from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Thursday, July 9th. The Goldman Sachs Group dropped their target price on 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. Citigroup reaffirmed a “market outperform” rating on shares of Blue Owl Capital in a report on Thursday, July 9th. JPMorgan Chase & Co. dropped their price objective on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods upgraded Blue Owl Capital to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.16.

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.