Illinois Municipal Retirement Fund Purchases New Shares in Blue Owl Capital Inc. (NYSE:OWL)

Illinois Municipal Retirement Fund acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 32,391 shares of the company’s stock, valued at approximately $753,000.

Several other institutional investors have also recently made changes to their positions in OWL. FMR LLC lifted its position in shares of Blue Owl Capital by 29.9% during the third quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after purchasing an additional 8,138,475 shares in the last quarter. JPMorgan Chase & Co. increased its stake 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 buying an additional 1,372,865 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Blue Owl Capital by 14.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock worth $157,870,000 after buying an additional 1,016,505 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Blue Owl Capital in the 4th quarter worth approximately $23,513,000. Finally, HighTower Advisors LLC grew its holdings in shares of Blue Owl Capital by 29.1% in the third quarter. HighTower Advisors LLC now owns 3,599,852 shares of the company’s stock valued at $69,690,000 after acquiring an additional 811,334 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Down 3.4 %

Shares of OWL stock opened at $20.80 on Tuesday. The firm’s 50 day moving average is $23.73 and its 200 day moving average is $22.01. The stock has a market capitalization of $31.99 billion, a P/E ratio of 122.36, a PEG ratio of 1.23 and a beta of 1.15. Blue Owl Capital Inc. has a 12 month low of $15.18 and a 12 month high of $26.73.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) 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 analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors 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 dividend on an annualized basis and a yield of 3.46%. Blue Owl Capital’s dividend payout ratio (DPR) is 423.53%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OWL. The Goldman Sachs Group lowered Blue Owl Capital from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $25.00 to $24.75 in a report on Monday, January 6th. Oppenheimer lifted their target price on Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. JMP Securities restated a “market outperform” rating and set a $32.00 price target (up previously from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Citigroup restated a “buy” rating and set a $30.00 price objective on shares of Blue Owl Capital in a report on Thursday, January 23rd. Finally, Piper Sandler boosted their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $26.48.

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.