Bleakley Financial Group LLC Acquires Shares of 11,383 Blue Owl Capital Inc. $OWL

Bleakley Financial Group LLC acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,383 shares of the company’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Banque Transatlantique SA acquired a new position in Blue Owl Capital in the 1st quarter valued at $31,000. SVB Wealth LLC acquired a new stake in shares of Blue Owl Capital during the 1st quarter worth $38,000. Cullen Frost Bankers Inc. grew its holdings in shares of Blue Owl Capital by 39.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company’s stock worth $42,000 after purchasing an additional 583 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Blue Owl Capital by 70.5% during the 1st quarter. Allworth Financial LP now owns 2,414 shares of the company’s stock worth $45,000 after purchasing an additional 998 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Blue Owl Capital by 58.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock worth $50,000 after purchasing an additional 916 shares in the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Stock Up 2.2%

Shares of OWL stock opened at $16.67 on Monday. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The company has a market cap of $25.82 billion, a P/E ratio of 185.19, a P/E/G ratio of 1.19 and a beta of 1.13. The business has a fifty day simple moving average of $17.65 and a 200 day simple moving average of $18.49.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%.The business had revenue of $703.11 million during the quarter, compared to the consensus estimate of $642.13 million. As a group, equities research analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a $0.225 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.90 annualized dividend and a yield of 5.4%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 1,000.00%.

Analysts Set New Price Targets

OWL has been the topic of several analyst reports. Barclays reduced their target price on Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. The Goldman Sachs Group reduced their target price on Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Citigroup reissued a “market outperform” rating on shares of Blue Owl Capital in a report on Tuesday, October 21st. Raymond James Financial initiated coverage on Blue Owl Capital in a report on Monday, July 28th. They set a “market perform” rating on the stock. Finally, BMO Capital Markets initiated coverage on Blue Owl Capital in a report on Friday, October 3rd. They set an “outperform” rating and a $18.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $22.38.

Blue Owl Capital 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.