State of New Jersey Common Pension Fund D Buys 25,444 Shares of Blue Owl Capital Inc. (NYSE:OWL)

State of New Jersey Common Pension Fund D lifted its stake in Blue Owl Capital Inc. (NYSE:OWL) by 15.6% during the fourth quarter, Holdings Channel reports. The fund owned 188,031 shares of the company’s stock after acquiring an additional 25,444 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Blue Owl Capital were worth $4,374,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of Blue Owl Capital by 29.9% in the third quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after purchasing an additional 8,138,475 shares during the period. JPMorgan Chase & Co. grew its stake in Blue Owl Capital by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after buying an additional 1,372,865 shares during the last quarter. State Street Corp raised its holdings in Blue Owl Capital by 5.6% in the 3rd quarter. State Street Corp now owns 8,452,073 shares of the company’s stock worth $163,632,000 after acquiring an additional 449,066 shares during the period. Geode Capital Management LLC lifted its position in Blue Owl Capital by 14.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock worth $157,870,000 after acquiring an additional 1,016,505 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings in Blue Owl Capital by 4.6% during the third quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock valued at $130,415,000 after acquiring an additional 293,221 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $24.00 on Thursday. The firm has a fifty day moving average of $24.09 and a 200-day moving average of $21.71. The stock has a market cap of $35.84 billion, a price-to-earnings ratio of 141.16, a P/E/G ratio of 1.27 and a beta of 1.15. Blue Owl Capital Inc. has a 52-week low of $15.18 and a 52-week high of $26.73.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. On average, sell-side analysts predict 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 declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Wednesday, February 19th. Blue Owl Capital’s dividend payout ratio is 423.55%.

Analyst Upgrades and Downgrades

OWL has been the subject of several research analyst reports. Wells Fargo & Company cut their price objective on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Oppenheimer upped their price target on Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Evercore ISI raised their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. TD Cowen upgraded shares of Blue Owl Capital from a “hold” rating to a “buy” rating and upped their target price for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.27.

Blue Owl Capital 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.