Kentucky Retirement Systems Acquires New Position in Blue Owl Capital Inc. (NYSE:OWL)

Kentucky Retirement Systems purchased a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 35,780 shares of the company's stock, valued at approximately $717,000.

A number of other institutional investors have also recently made changes to their positions in the company. Capital World Investors grew its holdings in shares of Blue Owl Capital by 14.5% during the fourth quarter. Capital World Investors now owns 77,168,640 shares of the company's stock valued at $1,794,943,000 after buying an additional 9,794,102 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Blue Owl Capital by 11.7% in the 4th quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock worth $1,237,581,000 after purchasing an additional 5,558,868 shares in the last quarter. FMR LLC raised its stake in shares of Blue Owl Capital by 28.1% in the fourth quarter. FMR LLC now owns 45,241,160 shares of the company's stock worth $1,052,309,000 after purchasing an additional 9,917,071 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Blue Owl Capital by 2.4% in the fourth quarter. JPMorgan Chase & Co. now owns 9,248,983 shares of the company's stock worth $215,131,000 after purchasing an additional 218,586 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Blue Owl Capital by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 8,426,251 shares of the company's stock worth $196,060,000 after purchasing an additional 274,094 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Blue Owl Capital Stock Down 0.4%

Shares of OWL opened at $19.03 on Thursday. The business has a 50-day simple moving average of $18.62 and a two-hundred day simple moving average of $20.87. The stock has a market cap of $29.26 billion, a price-to-earnings ratio of 146.40, a PEG ratio of 1.28 and a beta of 1.18. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $620.19 million during the quarter, compared to analysts' expectations of $636.44 million. Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. On average, equities analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.73%. Blue Owl Capital's dividend payout ratio is 692.31%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on OWL shares. JMP Securities decreased their target price on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Barclays decreased their price objective on shares of Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, April 7th. 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 note on Friday, May 23rd. Piper Sandler decreased their target price on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, UBS Group decreased their target price on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and an average price target of $23.81.

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.

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