Regents of The University of California Sells 1,997,192 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Regents of The University of California cut its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 25.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,991,575 shares of the company's stock after selling 1,997,192 shares during the quarter. Blue Owl Capital makes up about 43.2% of Regents of The University of California's holdings, making the stock its 2nd biggest position. Regents of The University of California owned about 0.40% of Blue Owl Capital worth $139,364,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of OWL. FMR LLC boosted its position in shares of Blue Owl Capital by 29.9% in the third quarter. FMR LLC now owns 35,324,089 shares of the company's stock valued at $683,874,000 after acquiring an additional 8,138,475 shares during the period. JPMorgan Chase & Co. boosted its holdings in Blue Owl Capital by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock valued at $174,829,000 after purchasing an additional 1,372,865 shares during the period. Geode Capital Management LLC boosted its holdings in Blue Owl Capital by 14.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company's stock valued at $157,870,000 after purchasing an additional 1,016,505 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Blue Owl Capital in the 4th quarter worth $23,513,000. Finally, HighTower Advisors LLC increased its holdings in shares of Blue Owl Capital by 29.1% during the 3rd quarter. HighTower Advisors LLC now owns 3,599,852 shares of the company's stock worth $69,690,000 after purchasing an additional 811,334 shares during the period. Institutional investors own 35.85% of the company's stock.

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Blue Owl Capital Stock Performance

Blue Owl Capital stock traded up $0.61 during trading hours on Wednesday, hitting $20.39. 8,601,339 shares of the stock were exchanged, compared to its average volume of 6,657,091. Blue Owl Capital Inc. has a 12 month low of $15.18 and a 12 month high of $26.73. The business's 50-day moving average is $23.65 and its two-hundred day moving average is $22.03. The stock has a market capitalization of $31.36 billion, a P/E ratio of 119.96, a P/E/G ratio of 1.23 and a beta of 1.15.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. 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 20.82% and a net margin of 4.77%. On average, equities analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.53%. Blue Owl Capital's dividend payout ratio is 423.53%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on OWL shares. Piper Sandler lifted their target price on Blue Owl Capital from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Monday, December 23rd. Evercore ISI lifted their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. The Goldman Sachs Group lowered Blue Owl Capital from a "buy" rating to a "neutral" rating and cut their target price for the company from $25.00 to $24.75 in a research note on Monday, January 6th. Wells Fargo & Company reduced 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 report on Tuesday, January 14th. Finally, JMP Securities reissued a "market outperform" rating and issued a $32.00 price target (up previously from $30.00) on shares of Blue Owl Capital in a report on Friday, February 7th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $26.48.

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.