Bank of New York Mellon Corp Purchases Shares of 166,208 Blue Owl Capital Inc. $OWL

Key Points

• Bank of New York Mellon acquired 166,208 shares of Blue Owl Capital in the second quarter, valued at approximately $1.8 million. Institutional investors collectively own 35.85% of the company.
• Blue Owl reported quarterly earnings of $0.22 per share, in line with estimates, and revenue of $693.56 million, slightly above expectations. Analysts project full-year EPS of $0.88.
• The company pays a quarterly dividend of $0.23 per share, equivalent to an annualized $0.92 dividend and an 8.2% yield. Analysts have a “Moderate Buy” consensus rating and an average price target of $13.57, compared with a recent price of $11.22.

Bank of New York Mellon Corp acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 166,208 shares of the company's stock, valued at approximately $1,807,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Arax Advisory Partners bought a new stake in shares of Blue Owl Capital in the 4th quarter valued at approximately $25,000. Toronto Dominion Bank bought a new position in shares of Blue Owl Capital during the fourth quarter valued at $26,000. Lavaca Capital LLC bought a new position in shares of Blue Owl Capital during the fourth quarter valued at $28,000. Essential Partners LLC boosted its stake in shares of Blue Owl Capital by 739.7% in the 1st quarter. Essential Partners LLC now owns 3,216 shares of the company's stock valued at $29,000 after purchasing an additional 2,833 shares in the last quarter. Finally, CX Institutional boosted its stake in shares of Blue Owl Capital by 881.5% in the 2nd quarter. CX Institutional now owns 3,396 shares of the company's stock valued at $30,000 after purchasing an additional 3,050 shares in the last quarter. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Price Performance

OWL opened at $11.22 on Wednesday. Blue Owl Capital Inc. has a one year low of $7.95 and a one year high of $19.29. The company's 50 day simple moving average is $10.72 and its 200-day simple moving average is $9.97. The stock has a market capitalization of $17.49 billion, a P/E ratio of 93.52, a price-to-earnings-growth ratio of 1.29 and a beta of 1.22.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $693.56 million during the quarter, compared to analysts' expectations of $693.15 million. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. As a group, analysts anticipate that Blue Owl Capital Inc. will post 0.88 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were given a dividend of $0.23 per share. The ex-dividend date was Thursday, August 13th. This represents a $0.92 dividend on an annualized basis and a yield of 8.2%. Blue Owl Capital's dividend payout ratio is presently 766.67%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Blue Owl Capital from $9.50 to $10.50 and gave the company a "neutral" rating in a report on Monday, August 3rd. Credit Suisse Group set a $9.10 price objective on shares of Blue Owl Capital in a report on Thursday, July 2nd. Capital One Financial set a $12.00 target price on shares of Blue Owl Capital in a research note on Monday, August 3rd. Keefe, Bruyette & Woods raised Blue Owl Capital to a "hold" rating in a report on Monday, July 20th. Finally, Citigroup restated a "market outperform" rating on shares of Blue Owl Capital in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $13.57.

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.

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