AGF Management Ltd. Takes Position in Blue Owl Capital Inc. (NYSE:OWL)

AGF Management Ltd. acquired a new position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,958 shares of the company's stock, valued at approximately $325,000.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Blue Owl Capital by 29.9% during the third quarter. FMR LLC now owns 35,324,089 shares of the company's stock valued at $683,874,000 after buying an additional 8,138,475 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Blue Owl Capital by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock valued at $174,829,000 after buying an additional 1,372,865 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Blue Owl Capital by 14.2% during the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company's stock valued at $157,870,000 after buying an additional 1,016,505 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Blue Owl Capital during the fourth quarter valued at about $23,513,000. Finally, HighTower Advisors LLC lifted its position in shares of Blue Owl Capital by 29.1% during the third quarter. HighTower Advisors LLC now owns 3,599,852 shares of the company's stock valued at $69,690,000 after buying an additional 811,334 shares during the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on OWL. JMP Securities restated a "market outperform" rating and set a $32.00 price objective (up previously from $30.00) on shares of Blue Owl Capital in a report on Friday, February 7th. The Goldman Sachs Group downgraded shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and cut their price objective for the company from $25.00 to $24.75 in a report on Monday, January 6th. Evercore ISI upped their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Friday, January 17th. Barclays initiated coverage on shares of Blue Owl Capital in a report on Monday, February 24th. They issued an "overweight" rating and a $29.00 price target on the stock. Finally, Keefe, Bruyette & Woods increased their price target on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a "market perform" rating in a report on Friday, December 20th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $26.48.

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Blue Owl Capital Stock Up 6.2 %

Shares of NYSE OWL traded up $1.23 during midday trading on Wednesday, reaching $21.06. 16,369,143 shares of the stock were exchanged, compared to its average volume of 5,854,770. The firm has a market cap of $32.38 billion, a price-to-earnings ratio of 123.87, a PEG ratio of 1.23 and a beta of 1.19. Blue Owl Capital Inc. has a twelve month low of $15.18 and a twelve month high of $26.73. The firm has a 50-day simple moving average of $22.80 and a two-hundred day simple moving average of $22.15.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.21 EPS for the quarter, hitting analysts' consensus estimates of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. Research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.42%. Blue Owl Capital's dividend payout ratio (DPR) is 423.53%.

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.