Arizona State Retirement System increased its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 14.7% in the 4th quarter, according to its most recent 13F filing with the SEC. 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 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of OWL. US Bancorp DE grew its holdings in shares of Blue Owl Capital by 49.0% during the third quarter. US Bancorp DE now owns 13,336 shares of the company's stock valued at $258,000 after purchasing an additional 4,387 shares during the last quarter. QRG Capital Management Inc. bought a new position in Blue Owl Capital during the 3rd quarter worth $271,000. SpiderRock Advisors LLC increased its position 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 buying an additional 701 shares during the period. Verdence Capital Advisors LLC lifted its stake in Blue Owl Capital by 16.9% in the third 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 during the last quarter. Finally, Atria Investments Inc boosted its holdings in shares of Blue Owl Capital by 48.2% during the third quarter. Atria Investments Inc now owns 16,222 shares of the company's stock valued at $314,000 after acquiring an additional 5,275 shares during the period. Institutional investors own 35.85% of the company's stock.
Blue Owl Capital Trading Down 2.9 %
OWL stock traded down $0.56 on Thursday, hitting $18.42. 5,795,268 shares of the company's stock traded hands, compared to its average volume of 6,824,371. The stock has a market cap of $28.32 billion, a price-to-earnings ratio of 108.33, a P/E/G 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. The stock has a fifty day moving average of $23.13 and a 200-day moving average of $22.07.
Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. 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 20.82% and a net margin of 4.77%. On average, equities research analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.
Blue Owl Capital Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 3.91%. Blue Owl Capital's payout ratio is presently 423.53%.
Analysts Set New Price Targets
Several analysts recently weighed in on the stock. Piper Sandler lifted their price objective on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Monday, December 23rd. Citigroup reaffirmed a "buy" rating and set a $30.00 price target on shares of Blue Owl Capital in a report on Thursday, January 23rd. Keefe, Bruyette & Woods increased their price objective on Blue Owl Capital from $22.00 to $26.00 and gave the stock a "market perform" rating in a report on Friday, December 20th. TD Cowen raised Blue Owl Capital from a "hold" rating to a "buy" rating and lifted their target price for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group cut Blue Owl Capital from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $26.48.
Read Our Latest Report on Blue Owl Capital
About Blue Owl Capital
(
Free Report)
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.
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