Bank of New York Mellon Corp Boosts Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Bank of New York Mellon Corp boosted its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 9.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,655,834 shares of the company's stock after buying an additional 229,745 shares during the period. Bank of New York Mellon Corp owned 0.17% of Blue Owl Capital worth $53,223,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of OWL. MassMutual Private Wealth & Trust FSB increased its stake in Blue Owl Capital by 380.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock worth $27,000 after buying an additional 1,050 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Blue Owl Capital by 232.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock worth $44,000 after buying an additional 1,315 shares in the last quarter. State of Wyoming increased its stake in Blue Owl Capital by 27.1% during the 4th quarter. State of Wyoming now owns 2,359 shares of the company's stock worth $55,000 after buying an additional 503 shares in the last quarter. Parallel Advisors LLC increased its stake in Blue Owl Capital by 21.9% during the 1st quarter. Parallel Advisors LLC now owns 6,468 shares of the company's stock worth $130,000 after buying an additional 1,161 shares in the last quarter. Finally, GeoWealth Management LLC increased its stake in Blue Owl Capital by 572.7% during the 4th quarter. GeoWealth Management LLC now owns 5,886 shares of the company's stock worth $137,000 after buying an additional 5,011 shares in the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on OWL. Citigroup cut their price objective on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "market perform" rating to an "outperform" rating and upped their price target for the company from $20.00 to $23.00 in a research report on Tuesday, May 20th. Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. Barclays upped their price target on Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, JMP Securities dropped their price target on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and an average target price of $23.85.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $18.94 on Friday. The firm has a market capitalization of $29.13 billion, a price-to-earnings ratio of 145.70, a PEG ratio of 1.29 and a beta of 1.17. Blue Owl Capital Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $26.73. The stock has a 50 day moving average of $18.96 and a 200 day moving average of $20.47.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $620.19 million during the quarter, compared to analysts' expectations of $636.44 million. Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. Analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.75%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, May 14th. Blue Owl Capital's dividend payout ratio is presently 692.31%.

About Blue Owl Capital

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.

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