Johnson Financial Group Inc. Makes New Investment in Blue Owl Capital Inc. $OWL

Johnson Financial Group Inc. bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 587,973 shares of the company’s stock, valued at approximately $6,560,000.

Several other hedge funds and other institutional investors have also bought and sold shares of OWL. Royal Bank of Canada grew its holdings in Blue Owl Capital by 50.0% during the 1st quarter. Royal Bank of Canada now owns 397,990 shares of the company’s stock worth $7,976,000 after acquiring an additional 132,637 shares during the period. Russell Investments Group Ltd. lifted its stake in Blue Owl Capital by 4.0% in the second quarter. Russell Investments Group Ltd. now owns 44,215 shares of the company’s stock valued at $849,000 after buying an additional 1,703 shares during the period. Jump Financial LLC acquired a new position in Blue Owl Capital in the second quarter valued at approximately $238,000. California Public Employees Retirement System boosted its holdings in shares of Blue Owl Capital by 28.2% during the 2nd quarter. California Public Employees Retirement System now owns 787,255 shares of the company’s stock worth $15,123,000 after buying an additional 172,982 shares in the last quarter. Finally, State Street Corp grew its position in shares of Blue Owl Capital by 10.6% during the 2nd quarter. State Street Corp now owns 9,880,565 shares of the company’s stock worth $189,806,000 after buying an additional 950,700 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 1.7%

Shares of NYSE:OWL opened at $11.78 on Thursday. The stock’s fifty day simple moving average is $9.99 and its two-hundred day simple moving average is $10.04. Blue Owl Capital Inc. has a 1-year low of $7.95 and a 1-year high of $19.29. The stock has a market cap of $18.37 billion, a PE ratio of 98.20, a price-to-earnings-growth ratio of 1.29 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $693.56 million during the quarter, compared to analyst estimates of $693.15 million. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. On average, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be issued a dividend of $0.23 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.92 annualized dividend and a yield of 7.8%. Blue Owl Capital’s payout ratio is 766.67%.

Wall Street Analysts Forecast Growth

OWL has been the subject of several research analyst reports. UBS Group reiterated a “neutral” rating and issued a $9.50 price objective on shares of Blue Owl Capital in a research note on Thursday, June 11th. JPMorgan Chase & Co. reduced their price target on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a report on Wednesday, April 29th. BMO Capital Markets lifted their price target on shares of Blue Owl Capital from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital to a “hold” rating in a report on Monday, July 20th. Finally, TD Cowen reiterated a “buy” rating on shares of Blue Owl Capital in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.44.

Blue Owl Capital 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.