Blue Owl Capital Inc. (NYSE:OWL) Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System grew its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 798,955 shares of the company's stock after buying an additional 38,879 shares during the quarter. California Public Employees Retirement System owned 0.05% of Blue Owl Capital worth $18,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Global Retirement Partners LLC lifted its stake in shares of Blue Owl Capital by 1.6% in the 4th quarter. Global Retirement Partners LLC now owns 25,499 shares of the company's stock worth $593,000 after purchasing an additional 413 shares during the period. Dynasty Wealth Management LLC increased its stake in shares of Blue Owl Capital by 0.5% in the 4th quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company's stock worth $1,828,000 after purchasing an additional 417 shares in the last quarter. Allworth Financial LP raised its holdings in Blue Owl Capital by 43.3% in the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company's stock worth $36,000 after purchasing an additional 428 shares during the period. Kovitz Investment Group Partners LLC raised its holdings in Blue Owl Capital by 1.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company's stock worth $622,000 after purchasing an additional 443 shares during the period. Finally, Principal Securities Inc. lifted its position in Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock valued at $45,000 after purchasing an additional 450 shares in the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

OWL has been the topic of a number of recent analyst reports. Oppenheimer raised their target price on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Cfra Research raised Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. 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. Evercore ISI upped their price target on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Finally, JMP Securities decreased their price target on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Blue Owl Capital presently has an average rating of "Moderate Buy" and a consensus price target of $24.10.

Blue Owl Capital Trading Up 14.1 %

OWL stock traded up $2.24 during midday trading on Wednesday, hitting $18.17. 22,749,366 shares of the company's stock were exchanged, compared to its average volume of 6,370,940. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The business has a 50-day simple moving average of $20.94 and a two-hundred day simple moving average of $22.31. The stock has a market capitalization of $27.94 billion, a PE ratio of 106.89, a P/E/G ratio of 1.23 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data 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%. As a group, research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital's payout ratio is 423.53%.

Blue Owl Capital Company 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.