Bank of New York Mellon Corp Has $42.71 Million Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Bank of New York Mellon Corp increased its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,406,242 shares of the company’s stock after buying an additional 105,774 shares during the period. Bank of New York Mellon Corp’s holdings in Blue Owl Capital were worth $42,711,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Blue Owl Capital by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,620,694 shares of the company’s stock worth $53,948,000 after purchasing an additional 100,188 shares in the last quarter. Principal Financial Group Inc. boosted its position in Blue Owl Capital by 744.2% in the 4th quarter. Principal Financial Group Inc. now owns 326,718 shares of the company’s stock valued at $4,868,000 after buying an additional 288,015 shares during the last quarter. Wells Fargo & Company MN boosted its position in Blue Owl Capital by 12.1% in the 4th quarter. Wells Fargo & Company MN now owns 715,309 shares of the company’s stock valued at $10,658,000 after buying an additional 76,935 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Blue Owl Capital in the 1st quarter valued at $20,620,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Blue Owl Capital during the fourth quarter worth $46,030,000. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Down 0.4 %

Shares of OWL stock opened at $17.64 on Monday. Blue Owl Capital Inc. has a 12-month low of $11.54 and a 12-month high of $20.13. The firm has a fifty day moving average of $17.83 and a 200-day moving average of $18.09. The firm has a market capitalization of $25.20 billion, a price-to-earnings ratio of 147.00, a price-to-earnings-growth ratio of 1.11 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $549.85 million during the quarter, compared to analysts’ expectations of $507.22 million. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. During the same period in the previous year, the firm earned $0.16 earnings per share. Research analysts expect that Blue Owl Capital Inc. will post 0.79 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.72 annualized dividend and a yield of 4.08%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 600.00%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on OWL shares. Oppenheimer upgraded Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Friday, August 2nd. TD Cowen reaffirmed a “hold” rating and issued a $19.00 target price (down previously from $21.50) on shares of Blue Owl Capital in a research note on Monday, July 8th. UBS Group dropped their price target on shares of Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.50 price objective on shares of Blue Owl Capital in a research note on Thursday, June 13th. Finally, Citigroup reiterated a “buy” rating and set a $21.00 target price on shares of Blue Owl Capital in a research report on Tuesday, May 14th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $20.23.

Blue Owl Capital Company 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.