Blue Owl Capital Inc. (NYSE:OWL) Shares Bought by Arizona State Retirement System

Arizona State Retirement System lifted its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 14.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 154,708 shares of the company’s stock after buying an additional 19,810 shares during the period. Arizona State Retirement System’s holdings in Blue Owl Capital were worth $3,599,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. US Bancorp DE boosted its position in Blue Owl Capital by 49.0% during the 3rd quarter. US Bancorp DE now owns 13,336 shares of the company’s stock worth $258,000 after acquiring an additional 4,387 shares during the period. QRG Capital Management Inc. bought a new stake in shares of Blue Owl Capital during the third quarter valued at about $271,000. SpiderRock Advisors LLC lifted its holdings in Blue Owl Capital by 2.3% in the third quarter. SpiderRock Advisors LLC now owns 30,630 shares of the company’s stock worth $593,000 after purchasing an additional 701 shares during the period. Verdence Capital Advisors LLC grew its position in Blue Owl Capital by 16.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 114,901 shares of the company’s stock valued at $2,224,000 after buying an additional 16,571 shares in the last quarter. Finally, Atria Investments Inc increased its stake in Blue Owl Capital by 48.2% during the 3rd quarter. Atria Investments Inc now owns 16,222 shares of the company’s stock valued at $314,000 after buying an additional 5,275 shares during the period. 35.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OWL. The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. Barclays initiated coverage on Blue Owl Capital in a research report on Monday, February 24th. They issued an “overweight” rating and a $29.00 target price for the company. TD Cowen raised Blue Owl Capital from a “hold” rating to a “buy” rating and increased their price target for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Piper Sandler boosted their price objective on Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Finally, Wells Fargo & Company decreased their target price on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.48.

Blue Owl Capital Stock Up 0.6 %

NYSE:OWL opened at $19.49 on Monday. The stock has a fifty day simple moving average of $23.40 and a 200 day simple moving average of $22.07. The firm has a market capitalization of $29.96 billion, a price-to-earnings ratio of 114.62, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19. Blue Owl Capital Inc. has a 1-year low of $15.18 and a 1-year high of $26.73.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. Equities analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.70%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital’s payout ratio is 423.53%.

About Blue Owl Capital

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.