California State Teachers Retirement System Grows Position in Blue Owl Capital Inc. (NYSE:OWL)

California State Teachers Retirement System increased its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 497,636 shares of the company's stock after buying an additional 51,782 shares during the period. California State Teachers Retirement System's holdings in Blue Owl Capital were worth $11,575,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Global Retirement Partners LLC lifted its position 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 lifted its position 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 during the period. Allworth Financial LP lifted its position in shares of 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. Principal Securities Inc. lifted its position in shares of 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 period. Finally, Vise Technologies Inc. lifted its position in shares of Blue Owl Capital by 4.6% in the 4th quarter. Vise Technologies Inc. now owns 10,947 shares of the company's stock worth $255,000 after purchasing an additional 478 shares during the period. Institutional investors and hedge funds own 35.85% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on OWL shares. JMP Securities dropped their target price on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Oppenheimer set a $24.00 target price on shares of Blue Owl Capital and gave the company an "outperform" rating in a research report on Wednesday, April 16th. Wells Fargo & Company boosted their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Barclays dropped their target price on shares of Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Finally, Citigroup dropped their target price on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $23.40.

Blue Owl Capital Price Performance

Shares of NYSE OWL traded up $0.30 during trading on Wednesday, hitting $19.03. The stock had a trading volume of 11,308,414 shares, compared to its average volume of 6,867,367. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73. The company has a market capitalization of $29.26 billion, a PE ratio of 111.95, a PEG ratio of 1.23 and a beta of 1.18. The firm has a fifty day moving average of $18.27 and a two-hundred day moving average of $21.37.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $620.19 million for the quarter, compared to the consensus estimate of $636.44 million. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. On average, equities analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.90 annualized dividend and a yield of 4.73%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio is presently 692.31%.

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.