California Public Employees Retirement System Acquires 38,879 Shares of Blue Owl Capital Inc. (NYSE:OWL)

California Public Employees Retirement System grew its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 798,955 shares of the company’s stock after buying an additional 38,879 shares during the period. 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).

Several other hedge funds have also recently modified their holdings of OWL. DnB Asset Management AS increased its holdings in Blue Owl Capital by 11.3% in the 4th quarter. DnB Asset Management AS now owns 353,119 shares of the company’s stock valued at $8,214,000 after acquiring an additional 35,782 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of Blue Owl Capital by 10.0% in the fourth quarter. Orion Portfolio Solutions LLC now owns 58,277 shares of the company’s stock worth $1,356,000 after purchasing an additional 5,308 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Blue Owl Capital by 31.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 77,135 shares of the company’s stock worth $1,794,000 after purchasing an additional 18,622 shares during the last quarter. Norges Bank purchased a new stake in shares of Blue Owl Capital in the fourth quarter worth about $137,118,000. Finally, Blair William & Co. IL bought a new position in Blue Owl Capital during the fourth quarter valued at approximately $586,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on OWL. JMP Securities reaffirmed a “market outperform” rating and set a $32.00 price objective (up from $30.00) on shares of Blue Owl Capital in a report on Friday, February 7th. Barclays began coverage on shares of Blue Owl Capital in a research report on Monday, February 24th. They set an “overweight” rating and a $29.00 price objective for the company. TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $28.00 in a report on Thursday, January 16th. Cfra Research raised shares of Blue Owl Capital to a “moderate buy” rating in a report on Thursday, March 27th. Finally, Keefe, Bruyette & Woods lifted their price target on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $26.33.

Blue Owl Capital Stock Down 11.4 %

Shares of Blue Owl Capital stock opened at $15.87 on Friday. The stock’s fifty day moving average is $21.82 and its two-hundred day moving average is $22.37. Blue Owl Capital Inc. has a 52 week low of $15.18 and a 52 week high of $26.73. The company has a market capitalization of $24.41 billion, a PE ratio of 93.38, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19.

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

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.54%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

Blue Owl Capital 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.