Public Employees Retirement System of Ohio Has $3.53 Million Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Public Employees Retirement System of Ohio decreased its stake in Blue Owl Capital Inc. (NYSE:OWL) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,216 shares of the company’s stock after selling 9,077 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Blue Owl Capital were worth $3,528,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new stake in shares of Blue Owl Capital in the 3rd quarter valued at $32,000. Family Firm Inc. bought a new position in Blue Owl Capital during the 2nd quarter valued at about $40,000. Rothschild Investment LLC acquired a new position in Blue Owl Capital in the second quarter valued at about $45,000. Signaturefd LLC grew its stake in Blue Owl Capital by 19.3% during the third quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock worth $177,000 after buying an additional 1,476 shares during the last quarter. Finally, Boyd Wealth Management LLC acquired a new stake in shares of Blue Owl Capital during the second quarter worth approximately $185,000. 35.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on OWL shares. UBS Group increased their price target on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company increased their target price on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday. Oppenheimer lifted their price target on Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 target price on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.98.

Blue Owl Capital Price Performance

Shares of NYSE:OWL opened at $24.37 on Monday. The company has a 50 day moving average of $22.96 and a 200-day moving average of $19.67. Blue Owl Capital Inc. has a one year low of $13.61 and a one year high of $25.03. The stock has a market cap of $36.40 billion, a price-to-earnings ratio of 143.35, a P/E/G ratio of 1.66 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The company had revenue of $600.88 million during the quarter, compared to analysts’ expectations of $565.93 million. During the same quarter in the previous year, the company posted $0.16 EPS. Equities research analysts anticipate that Blue Owl Capital Inc. will post 0.78 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s payout ratio is 423.53%.

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.