APG Asset Management N.V. Makes New Investment in Blue Owl Capital Inc. (NYSE:OWL)

APG Asset Management N.V. purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 309,100 shares of the company's stock, valued at approximately $6,943,000.

Several other hedge funds have also bought and sold shares of the stock. Quantinno Capital Management LP increased its holdings in shares of Blue Owl Capital by 13.6% in the third quarter. Quantinno Capital Management LP now owns 59,261 shares of the company's stock worth $1,147,000 after purchasing an additional 7,112 shares during the last quarter. State Street Corp raised its holdings in shares of Blue Owl Capital by 5.6% during the 3rd quarter. State Street Corp now owns 8,452,073 shares of the company's stock worth $163,632,000 after acquiring an additional 449,066 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its position in shares of Blue Owl Capital by 1.4% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company's stock valued at $622,000 after acquiring an additional 443 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in Blue Owl Capital by 7.4% in the third quarter. Orion Portfolio Solutions LLC now owns 52,969 shares of the company's stock worth $1,025,000 after purchasing an additional 3,649 shares during the last quarter. Finally, Barclays PLC raised its stake in Blue Owl Capital by 13.7% during the third quarter. Barclays PLC now owns 1,571,806 shares of the company's stock valued at $30,430,000 after purchasing an additional 189,082 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

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Blue Owl Capital Price Performance

OWL stock traded up $0.36 during mid-day trading on Tuesday, reaching $17.57. The company had a trading volume of 9,445,795 shares, compared to its average volume of 6,515,944. The firm has a 50 day moving average of $20.47 and a 200 day moving average of $22.29. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73. The company has a market capitalization of $27.02 billion, a PE ratio of 103.35, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20.

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

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital's dividend payout ratio (DPR) is presently 423.53%.

Analyst Ratings Changes

A number of research firms have recently weighed in on OWL. Barclays reduced their target price on shares of Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. JMP Securities dropped their target price on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company decreased their price target on Blue Owl Capital from $22.00 to $19.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, Piper Sandler dropped their price objective on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating and nine have issued 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 $24.10.

Blue Owl Capital Company 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.