AGF Management Ltd. Increases Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Key Points

• AGF Management Ltd. increased its stake in Blue Owl Capital Inc. by 3,372.5%, acquiring a total of 484,693 shares valued at approximately $9.7 million.
• Blue Owl Capital has declared a quarterly dividend of $0.225 per share, representing an annualized yield of 4.6%, with a payout ratio of 1,000%.
• The stock has a market capitalization of $30.60 billion and has experienced a twelve-month price range between $14.55 and $26.73.

AGF Management Ltd. lifted its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 3,372.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 484,693 shares of the company's stock after buying an additional 470,735 shares during the period. AGF Management Ltd.'s holdings in Blue Owl Capital were worth $9,713,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of OWL. Capital World Investors increased its stake in Blue Owl Capital by 14.5% in the 4th quarter. Capital World Investors now owns 77,168,640 shares of the company's stock worth $1,794,943,000 after purchasing an additional 9,794,102 shares during the period. Vanguard Group Inc. increased its stake in Blue Owl Capital by 13.5% in the 1st quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company's stock worth $1,210,674,000 after purchasing an additional 7,206,495 shares during the period. Cresset Asset Management LLC increased its stake in Blue Owl Capital by 4,278.0% in the 4th quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company's stock worth $140,794,000 after purchasing an additional 5,914,804 shares during the period. Voya Investment Management LLC increased its stake in Blue Owl Capital by 163.2% in the 4th quarter. Voya Investment Management LLC now owns 5,177,288 shares of the company's stock worth $120,424,000 after purchasing an additional 3,209,934 shares during the period. Finally, Squarepoint Ops LLC increased its stake in Blue Owl Capital by 637.7% in the 4th quarter. Squarepoint Ops LLC now owns 2,046,747 shares of the company's stock worth $47,607,000 after purchasing an additional 1,769,302 shares during the period. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Down 0.0%

NYSE OWL opened at $19.75 on Tuesday. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The firm has a market capitalization of $30.60 billion, a PE ratio of 219.42, a P/E/G ratio of 1.29 and a beta of 1.16. The stock's 50 day moving average is $19.37 and its 200 day moving average is $19.86.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%. The company had revenue of $703.11 million for the quarter, compared to analyst estimates of $642.13 million. On average, research analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be given a dividend of $0.225 per share. The ex-dividend date is Thursday, August 14th. This represents a $0.90 annualized dividend and a dividend yield of 4.6%. Blue Owl Capital's payout ratio is currently 1,000.00%.

Analyst Ratings Changes

A number of brokerages have commented on OWL. UBS Group decreased their price target on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Cowen reiterated a "buy" rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Barclays lifted their price objective on Blue Owl Capital from $21.00 to $23.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Raymond James Financial began coverage on Blue Owl Capital in a research report on Monday, July 28th. They issued a "market perform" rating on the stock. Finally, Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $20.00 to $23.00 in a research report on Tuesday, May 20th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $24.02.

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.

Want to see what other hedge funds are holding OWL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blue Owl Capital Inc. (NYSE:OWL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.