AQR Capital Management LLC Grows Stake in Blue Owl Capital Inc. (NYSE:OWL)

AQR Capital Management LLC raised its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 30.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 366,990 shares of the company's stock after acquiring an additional 85,661 shares during the quarter. AQR Capital Management LLC's holdings in Blue Owl Capital were worth $8,536,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OWL. Barclays PLC lifted its holdings in shares of Blue Owl Capital by 13.7% in the 3rd quarter. Barclays PLC now owns 1,571,806 shares of the company's stock valued at $30,430,000 after purchasing an additional 189,082 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Blue Owl Capital during the third quarter worth approximately $138,000. Franklin Resources Inc. raised its position in Blue Owl Capital by 12.4% in the 3rd quarter. Franklin Resources Inc. now owns 2,818,874 shares of the company's stock valued at $54,573,000 after purchasing an additional 311,385 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Blue Owl Capital by 136.2% during the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company's stock worth $45,000 after buying an additional 1,110 shares during the last quarter. Finally, Wedmont Private Capital purchased a new stake in Blue Owl Capital during the 4th quarter valued at approximately $204,000. Institutional investors and hedge funds own 35.85% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on OWL shares. Wells Fargo & Company increased their price target on Blue Owl Capital from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Oppenheimer set a $24.00 target price on shares of Blue Owl Capital and gave the stock an "outperform" rating in a research report on Wednesday, April 16th. UBS Group lowered their price objective on 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. Citigroup dropped their price target 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, Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a report on Thursday, March 27th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $23.56.

Blue Owl Capital Price Performance

NYSE OWL traded down $0.01 on Friday, reaching $18.53. The company had a trading volume of 4,055,952 shares, compared to its average volume of 6,761,540. Blue Owl Capital Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $26.73. The business has a 50 day moving average of $18.66 and a two-hundred day moving average of $21.82. The firm has a market cap of $28.50 billion, a price-to-earnings ratio of 109.01, a P/E/G ratio of 1.23 and a beta of 1.21.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The company had revenue of $620.19 million for the quarter, compared to the consensus estimate of $636.44 million. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, research 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 announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.90 annualized dividend and a yield of 4.86%. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio (DPR) is currently 692.31%.

About Blue Owl Capital

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.