Arizona State Retirement System Has $3.60 Million Position in Blue Owl Capital Inc. (NYSE:OWL)

Arizona State Retirement System boosted its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 14.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 154,708 shares of the company’s stock after purchasing 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.

Several other large investors have also recently added to or reduced their stakes in the stock. Allworth Financial LP grew its holdings in shares of Blue Owl Capital by 43.3% during the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock valued at $36,000 after acquiring an additional 428 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Blue Owl Capital by 232.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock valued at $44,000 after purchasing an additional 1,315 shares during the last quarter. Versant Capital Management Inc grew its stake in Blue Owl Capital by 136.2% in the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after purchasing an additional 1,110 shares in the last quarter. Principal Securities Inc. increased its position in Blue Owl Capital by 30.6% in the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock worth $45,000 after purchasing an additional 450 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Blue Owl Capital by 182.2% during the 4th quarter. Blue Trust Inc. now owns 2,029 shares of the company’s stock worth $47,000 after purchasing an additional 1,310 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wells Fargo & Company lowered their price target 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. Keefe, Bruyette & Woods lifted their target price on shares of Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Evercore ISI increased their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Oppenheimer lifted their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, Barclays assumed coverage on shares of Blue Owl Capital in a report on Monday, February 24th. They issued an “overweight” rating and a $29.00 price objective for the company. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.48.

Blue Owl Capital Price Performance

OWL stock opened at $19.49 on Monday. The stock 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. The company has a 50-day moving average of $23.40 and a two-hundred day moving average of $22.07. Blue Owl Capital Inc. has a 52-week low of $15.18 and a 52-week high of $26.73.

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

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were paid a $0.18 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.70%. 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.