Blue Owl Capital Inc. $OWL Stake Boosted by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 14.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,259 shares of the company’s stock after acquiring an additional 11,378 shares during the period. Teacher Retirement System of Texas’ holdings in Blue Owl Capital were worth $1,734,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of OWL. Banque Transatlantique SA bought a new stake in Blue Owl Capital in the first quarter worth $31,000. SVB Wealth LLC bought a new stake in Blue Owl Capital in the first quarter worth $38,000. Cullen Frost Bankers Inc. boosted its holdings in Blue Owl Capital by 39.1% in the first quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company’s stock worth $42,000 after purchasing an additional 583 shares in the last quarter. Allworth Financial LP boosted its holdings in Blue Owl Capital by 70.5% in the first quarter. Allworth Financial LP now owns 2,414 shares of the company’s stock worth $45,000 after purchasing an additional 998 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new stake in Blue Owl Capital in the first quarter worth $50,000. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on OWL. Barclays decreased their price objective on shares of Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Blue Owl Capital from $21.50 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Raymond James Financial began coverage on shares of Blue Owl Capital in a report on Monday, July 28th. They issued a “market perform” rating for the company. Cowen reiterated a “buy” rating on shares of Blue Owl Capital in a report on Monday, August 4th. Finally, Piper Sandler cut their target price on shares of Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $15.68 on Wednesday. The firm has a market cap of $24.30 billion, a price-to-earnings ratio of 261.44, a P/E/G ratio of 1.20 and a beta of 1.12. 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 fifty day moving average price of $17.30 and a two-hundred day moving average price of $18.44.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, October 30th. The company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $727.99 million during the quarter, compared to analyst estimates of $685.95 million. Blue Owl Capital had a net margin of 1.89% and a return on equity of 20.03%. As a group, sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Monday, November 10th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.7%. Blue Owl Capital’s dividend payout ratio is currently 1,500.00%.

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.