AQR Capital Management LLC Has $8.54 Million Position in Blue Owl Capital Inc. (NYSE:OWL)

AQR Capital Management LLC raised its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 30.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 366,990 shares of the company’s stock after purchasing an additional 85,661 shares during the period. AQR Capital Management LLC’s holdings in Blue Owl Capital were worth $8,536,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Rothschild Investment LLC boosted its position in shares of Blue Owl Capital by 316.1% in the 4th quarter. Rothschild Investment LLC now owns 33,955 shares of the company’s stock worth $790,000 after purchasing an additional 25,795 shares during the last quarter. Arizona State Retirement System boosted its holdings in Blue Owl Capital by 14.7% during the fourth quarter. Arizona State Retirement System now owns 154,708 shares of the company’s stock worth $3,599,000 after buying an additional 19,810 shares during the last quarter. Princeton Global Asset Management LLC bought a new position in Blue Owl Capital during the fourth quarter worth about $1,773,000. Charles Schwab Investment Management Inc. grew its position in shares of Blue Owl Capital by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company’s stock worth $80,179,000 after buying an additional 106,485 shares during the period. Finally, Scholtz & Company LLC increased its stake in shares of Blue Owl Capital by 13.0% in the 4th quarter. Scholtz & Company LLC now owns 153,615 shares of the company’s stock valued at $3,573,000 after acquiring an additional 17,685 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on OWL shares. Wells Fargo & Company boosted their price objective on shares of Blue Owl Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Oppenheimer set a $24.00 price target on shares of Blue Owl Capital and gave the company an “outperform” rating in a report on Wednesday, April 16th. Cfra Research raised Blue Owl Capital to a “moderate buy” rating in a research note on Thursday, March 27th. Evercore ISI boosted their target price on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Finally, UBS Group dropped their price target on Blue Owl Capital from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and a consensus target price of $23.56.

Blue Owl Capital Stock Down 3.2 %

Shares of OWL opened at $17.87 on Wednesday. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The stock has a market capitalization of $27.49 billion, a P/E ratio of 105.15, a P/E/G ratio of 1.23 and a beta of 1.21. The company has a 50 day moving average of $18.80 and a 200-day moving average of $21.92.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. The business had revenue of $620.19 million during the quarter, compared to the consensus estimate of $636.44 million. On average, sell-side analysts anticipate 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. Investors of record on Wednesday, May 14th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.04%. The ex-dividend date of this dividend is Wednesday, May 14th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.18. Blue Owl Capital’s dividend payout ratio is presently 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.