Bank of New York Mellon Corp Invests $54.88 Million in Blue Owl Capital Inc. $OWL

Bank of New York Mellon Corp purchased a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 6,272,339 shares of the company’s stock, valued at approximately $54,883,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OWL. Focus Partners Advisor Solutions LLC acquired a new position in shares of Blue Owl Capital during the second quarter worth about $899,000. Next Capital Management LLC acquired a new stake in Blue Owl Capital in the second quarter valued at $18,473,000. Wealthcare Advisory Partners LLC acquired a new stake in Blue Owl Capital in the 2nd quarter valued at about $278,000. Allied Private Wealth LLC purchased a new position in shares of Blue Owl Capital during the 2nd quarter worth approximately $102,000. Finally, 180 Wealth Advisors LLC raised its holdings in shares of Blue Owl Capital by 36.7% in the second quarter. 180 Wealth Advisors LLC now owns 25,211 shares of the company’s stock worth $221,000 after acquiring an additional 6,765 shares during the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

OWL opened at $11.82 on Thursday. The firm’s fifty day moving average price is $10.19 and its 200 day moving average price is $10.01. The stock has a market capitalization of $18.43 billion, a PE ratio of 98.51, a P/E/G ratio of 1.30 and a beta of 1.19. Blue Owl Capital Inc. has a 12-month low of $7.95 and a 12-month high of $19.29.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. The business had revenue of $693.56 million for the quarter, compared to analyst estimates of $693.15 million. On average, equities research analysts forecast that Blue Owl Capital Inc. will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be paid a dividend of $0.23 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.92 annualized dividend and a yield of 7.8%. Blue Owl Capital’s dividend payout ratio (DPR) is 766.67%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. UBS Group reissued a “neutral” rating and issued a $9.50 price objective on shares of Blue Owl Capital in a research report on Thursday, June 11th. Credit Suisse Group set a $9.10 target price on shares of Blue Owl Capital in a research report on Thursday, July 2nd. Finally, Keefe, Bruyette & Woods raised shares of Blue Owl Capital to a “hold” rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.44.

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.