TD Asset Management Inc Purchases Shares of 50,800 Blue Owl Capital Inc. $OWL

Key Points

• TD Asset Management Inc. has acquired 50,800 shares of Blue Owl Capital Inc., worth approximately $976,000, highlighting increasing interest from institutional investors.
• Blue Owl Capital recently received target price upgrades from analysts, with Evercore ISI raising it from $20 to $21 and Barclays adjusting it down to $21, indicating a positive outlook despite volatility.
• The company reported $703.11 million in revenue for the last quarter, exceeding analyst expectations and showcasing a return on equity of 19.64%.

TD Asset Management Inc purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 50,800 shares of the company's stock, valued at approximately $976,000.

Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in shares of Blue Owl Capital by 9.5% in the 1st quarter. Bank of New York Mellon Corp now owns 2,655,834 shares of the company's stock valued at $53,223,000 after acquiring an additional 229,745 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Blue Owl Capital by 13.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,471 shares of the company's stock valued at $230,000 after acquiring an additional 1,357 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Blue Owl Capital by 16.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,400 shares of the company's stock valued at $1,358,000 after acquiring an additional 9,522 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Blue Owl Capital by 17.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 189,397 shares of the company's stock valued at $3,638,000 after acquiring an additional 27,995 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in shares of Blue Owl Capital in the 1st quarter valued at $1,581,000. Hedge funds and other institutional investors own 35.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Evercore ISI raised their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Barclays cut their target price on shares of Blue Owl Capital from $23.00 to $21.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 8th. Weiss Ratings reissued a "hold (c)" rating on shares of Blue Owl Capital in a research note on Wednesday, October 8th. Raymond James Financial started coverage on shares of Blue Owl Capital in a research note on Monday, July 28th. They set a "market perform" rating on the stock. Finally, BMO Capital Markets started coverage on shares of Blue Owl Capital in a research note on Friday, October 3rd. They set an "outperform" rating and a $18.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.38.

Blue Owl Capital Trading Up 0.7%

NYSE:OWL opened at $17.17 on Thursday. The firm has a market capitalization of $26.60 billion, a price-to-earnings ratio of 190.74, a PEG ratio of 1.22 and a beta of 1.13. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The business's fifty day moving average price is $17.77 and its 200 day moving average price is $18.46.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $642.13 million. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%. Equities analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.2%. The ex-dividend date was Thursday, August 14th. Blue Owl Capital's dividend payout ratio is currently 1,000.00%.

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.

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