Blue Owl Capital Inc. (NYSE:OWL) Stock Holdings Boosted by New York State Common Retirement Fund

New York State Common Retirement Fund grew its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 5.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 303,044 shares of the company's stock after purchasing an additional 17,000 shares during the quarter. New York State Common Retirement Fund's holdings in Blue Owl Capital were worth $6,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB increased its stake in Blue Owl Capital by 380.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock worth $27,000 after buying an additional 1,050 shares during the period. Allworth Financial LP grew its stake in shares of Blue Owl Capital by 70.5% during the first quarter. Allworth Financial LP now owns 2,414 shares of the company's stock valued at $45,000 after acquiring an additional 998 shares in the last quarter. State of Wyoming increased its position in shares of Blue Owl Capital by 27.1% during the fourth quarter. State of Wyoming now owns 2,359 shares of the company's stock worth $55,000 after acquiring an additional 503 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Blue Owl Capital by 21.9% in the first quarter. Parallel Advisors LLC now owns 6,468 shares of the company's stock worth $130,000 after acquiring an additional 1,161 shares in the last quarter. Finally, GeoWealth Management LLC boosted its holdings in Blue Owl Capital by 572.7% in the fourth quarter. GeoWealth Management LLC now owns 5,886 shares of the company's stock valued at $137,000 after purchasing an additional 5,011 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wells Fargo & Company lifted their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Piper Sandler raised their price target on shares of Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and upped their price target for the company from $20.00 to $23.00 in a report on Tuesday, May 20th. Citigroup reduced their price objective on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, UBS Group dropped 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 report on Thursday, May 1st. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $24.02.

Blue Owl Capital Stock Down 0.5%

Shares of NYSE:OWL traded down $0.10 on Thursday, reaching $20.32. 4,601,599 shares of the company's stock were exchanged, compared to its average volume of 6,989,918. The business's 50-day moving average is $19.17 and its two-hundred day moving average is $20.28. Blue Owl Capital Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $26.73. The firm has a market capitalization of $31.25 billion, a price-to-earnings ratio of 156.33, a PEG ratio of 1.40 and a beta of 1.17.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings data 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). Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. The business had revenue of $620.19 million for the quarter, compared to analyst estimates of $636.44 million. Analysts predict 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. Stockholders of record on Wednesday, May 14th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.43%. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, May 14th. 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.