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

Bleakley Financial Group LLC bought a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,383 shares of the company’s stock, valued at approximately $219,000.

Several other institutional investors have also recently bought and sold shares of OWL. Banque Transatlantique SA bought a new stake in Blue Owl Capital in the 1st quarter valued at approximately $31,000. SVB Wealth LLC bought a new stake in shares of Blue Owl Capital during the 1st quarter worth approximately $38,000. Cullen Frost Bankers Inc. raised its stake 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 raised its stake 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. raised its stake 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. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 2.2%

OWL opened at $16.67 on Monday. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The stock’s fifty day simple moving average is $17.65 and its 200 day simple moving average is $18.49. The stock has a market cap of $25.82 billion, a PE ratio of 185.19, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $642.13 million. Equities analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OWL. Weiss Ratings reiterated a “hold (c)” rating on shares of Blue Owl Capital in a research note on Friday. The Goldman Sachs Group dropped their price objective on Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Oppenheimer dropped their price objective on Blue Owl Capital from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. Piper Sandler dropped their price objective on Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Finally, Citigroup reiterated a “market outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.