1,196,767 Shares in Blue Owl Capital Inc. (NYSE:OWL) Bought by Point72 Europe London LLP

Point72 Europe London LLP purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,196,767 shares of the company’s stock, valued at approximately $21,243,000. Blue Owl Capital makes up approximately 1.7% of Point72 Europe London LLP’s investment portfolio, making the stock its 11th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Trust N.A. raised its holdings in shares of Blue Owl Capital by 6.7% in the 2nd quarter. Raymond James Trust N.A. now owns 11,217 shares of the company’s stock valued at $199,000 after purchasing an additional 708 shares in the last quarter. Capital Insight Partners LLC boosted its position in shares of Blue Owl Capital by 2.6% during the 2nd quarter. Capital Insight Partners LLC now owns 32,637 shares of the company’s stock worth $579,000 after acquiring an additional 815 shares in the last quarter. Great Diamond Partners LLC increased its holdings in shares of Blue Owl Capital by 2.5% in the 2nd quarter. Great Diamond Partners LLC now owns 42,626 shares of the company’s stock valued at $757,000 after acquiring an additional 1,030 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Blue Owl Capital by 4.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,998 shares of the company’s stock worth $479,000 after acquiring an additional 1,103 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Blue Owl Capital by 11.6% during the second quarter. CIBC Asset Management Inc now owns 13,271 shares of the company’s stock worth $236,000 after purchasing an additional 1,378 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

OWL opened at $19.15 on Wednesday. Blue Owl Capital Inc. has a 12 month low of $12.11 and a 12 month high of $20.13. The stock has a market capitalization of $27.36 billion, a P/E ratio of 159.58, a P/E/G ratio of 1.07 and a beta of 1.17. The business has a 50 day simple moving average of $17.81 and a 200-day simple moving average of $18.06.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. The company had revenue of $549.85 million during the quarter, compared to the consensus estimate of $507.22 million. During the same quarter last year, the company earned $0.16 earnings per share. Research analysts anticipate that Blue Owl Capital Inc. will post 0.79 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.72 annualized dividend and a yield of 3.76%. Blue Owl Capital’s payout ratio is currently 600.00%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. TD Cowen reiterated a “hold” rating and issued a $19.00 price target (down from $21.50) on shares of Blue Owl Capital in a research note on Monday, July 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.50 target price on shares of Blue Owl Capital in a research report on Thursday, June 13th. Piper Sandler reduced their price target on shares of Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Oppenheimer raised Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a report on Friday, August 2nd. Finally, Wells Fargo & Company initiated coverage on Blue Owl Capital in a report on Thursday, September 12th. They issued an “equal weight” rating and a $18.50 target price for the company. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $20.10.

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.