AQR Capital Management LLC Sells 20,704 Shares of Blue Owl Capital Inc. $OWL

Key Points

• AQR Capital Management LLC reduced its stake in Blue Owl Capital Inc. by 5.6%, selling 20,704 shares and holding 346,286 shares worth approximately $6.79 million.
• Other institutional investors have also made significant moves, with MassMutual Private Wealth & Trust increasing their position by 380.4% in the first quarter.
• Blue Owl Capital reported a quarterly earnings per share of $0.21, meeting expectations, while its recent quarterly dividend was set at $0.225 per share, yielding 4.8%.

AQR Capital Management LLC cut its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 346,286 shares of the company's stock after selling 20,704 shares during the period. AQR Capital Management LLC's holdings in Blue Owl Capital were worth $6,791,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of OWL. MassMutual Private Wealth & Trust FSB increased its position in shares of Blue Owl Capital by 380.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock worth $27,000 after buying an additional 1,050 shares during the period. SVB Wealth LLC bought a new stake in Blue Owl Capital during the 1st quarter worth approximately $38,000. Cullen Frost Bankers Inc. grew its stake in shares of Blue Owl Capital by 39.1% in the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock worth $42,000 after acquiring an additional 583 shares in the last quarter. State of Wyoming lifted its position in shares of Blue Owl Capital by 27.1% during the 4th quarter. State of Wyoming now owns 2,359 shares of the company's stock worth $55,000 after buying an additional 503 shares in the last quarter. Finally, Allworth Financial LP grew its stake in Blue Owl Capital by 70.5% in the 1st quarter. Allworth Financial LP now owns 2,414 shares of the company's stock valued at $45,000 after purchasing an additional 998 shares during the period. 35.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Cowen reissued a "buy" rating on shares of Blue Owl Capital in a report on Monday, August 4th. Piper Sandler boosted their price objective on Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Evercore ISI raised their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Raymond James Financial assumed coverage on shares of Blue Owl Capital in a report on Monday, July 28th. They issued a "market perform" rating on the stock. Finally, Wells Fargo & Company lifted their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and an average price target of $24.02.

Blue Owl Capital Trading Up 1.0%

Shares of NYSE:OWL opened at $18.80 on Friday. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73. The stock has a market capitalization of $29.13 billion, a price-to-earnings ratio of 208.91, a PEG ratio of 1.22 and a beta of 1.16. The stock has a fifty day simple moving average of $19.21 and a two-hundred day simple moving average of $19.04.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued 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. The firm had revenue of $703.11 million during the quarter, compared to the consensus estimate of $642.13 million. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%. As a group, equities research analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Thursday, August 14th. Blue Owl Capital's dividend payout ratio (DPR) is currently 1,000.00%.

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.

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