Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,426,089 shares of the company's stock after selling 23,298 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.16% of Blue Owl Capital worth $56,431,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of OWL. Allworth Financial LP grew its holdings in Blue Owl Capital by 43.3% during the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company's stock worth $36,000 after acquiring an additional 428 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock valued at $45,000 after purchasing an additional 450 shares in the last quarter. Versant Capital Management Inc increased its holdings in Blue Owl Capital by 136.2% during the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock valued at $45,000 after buying an additional 1,110 shares during the period. Blue Trust Inc. raised its stake in Blue Owl Capital by 182.2% in the fourth quarter. Blue Trust Inc. now owns 2,029 shares of the company's stock worth $47,000 after buying an additional 1,310 shares in the last quarter. Finally, Copeland Capital Management LLC purchased a new stake in Blue Owl Capital during the fourth quarter worth $103,000. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Stock Performance

Shares of NYSE:OWL traded up $0.61 during trading on Wednesday, reaching $20.39. The stock had a trading volume of 8,601,852 shares, compared to its average volume of 6,657,104. Blue Owl Capital Inc. has a 1-year low of $15.18 and a 1-year high of $26.73. The stock has a market cap of $31.36 billion, a PE ratio of 119.96, a PEG ratio of 1.23 and a beta of 1.15. The business has a fifty day moving average price of $23.57 and a 200-day moving average price of $22.01.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. Sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital's dividend payout ratio (DPR) is 423.53%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company reduced their price target on Blue Owl Capital from $25.00 to $24.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. Evercore ISI boosted their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. Citigroup restated a "buy" rating and issued a $30.00 price target on shares of Blue Owl Capital in a report on Thursday, January 23rd. Barclays assumed coverage on shares of Blue Owl Capital in a research report on Monday, February 24th. They set an "overweight" rating and a $29.00 target price for the company. Finally, Oppenheimer lifted their price target on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and an average price target of $26.48.

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.