Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lowered its holdings in shares of Blue Owl Capital Inc. (NYSE:OWLFree Report) by 3.5% in the fourth quarter, Holdings Channel reports. The firm owned 400,705 shares of the company’s stock after selling 14,374 shares during the quarter. California State Teachers Retirement System’s holdings in Blue Owl Capital were worth $5,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in Blue Owl Capital by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,620,694 shares of the company’s stock worth $53,948,000 after purchasing an additional 100,188 shares during the period. Vanguard Group Inc. boosted its stake in Blue Owl Capital by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 40,199,339 shares of the company’s stock worth $520,983,000 after purchasing an additional 1,293,941 shares during the period. Principal Financial Group Inc. boosted its stake in Blue Owl Capital by 744.2% during the 4th quarter. Principal Financial Group Inc. now owns 326,718 shares of the company’s stock worth $4,868,000 after purchasing an additional 288,015 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter worth $9,929,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Blue Owl Capital by 12.1% in the 4th quarter. Wells Fargo & Company MN now owns 715,309 shares of the company’s stock worth $10,658,000 after acquiring an additional 76,935 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Stock Up 4.2 %

Shares of OWL opened at $17.39 on Tuesday. The company has a 50-day simple moving average of $18.55 and a 200-day simple moving average of $16.90. The company has a market capitalization of $24.85 billion, a PE ratio of 144.92, a P/E/G ratio of 0.98 and a beta of 1.20. Blue Owl Capital Inc. has a 52-week low of $10.64 and a 52-week high of $19.87.

Blue Owl Capital (NYSE:OWLGet Free Report) last posted its earnings results on Thursday, May 2nd. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. Blue Owl Capital had a net margin of 3.84% and a return on equity of 18.15%. The firm had revenue of $486.55 million during the quarter, compared to the consensus estimate of $478.47 million. On average, research analysts anticipate that Blue Owl Capital Inc. will post 0.82 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st were issued a dividend of $0.18 per share. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a yield of 4.14%. The ex-dividend date was Monday, May 20th. Blue Owl Capital’s dividend payout ratio (DPR) is 600.00%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. TD Cowen reduced their target price on shares of Blue Owl Capital from $23.00 to $21.50 and set a “buy” rating for the company in a research note on Friday, May 3rd. Citigroup restated a “buy” rating and issued a $21.00 target price on shares of Blue Owl Capital in a research note on Tuesday, May 14th. Evercore ISI raised their target price on shares of Blue Owl Capital from $18.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. JMP Securities restated a “market outperform” rating and issued a $24.00 target price on shares of Blue Owl Capital in a research note on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $21.00 target price on shares of Blue Owl Capital in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.43.

Check Out Our Latest Analysis on OWL

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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Institutional Ownership by Quarter for Blue Owl Capital (NYSE:OWL)

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