Blue Owl Capital (NYSE:OWL) Price Target Lowered to $22.00 at Wells Fargo & Company

by · The Cerbat Gem

Blue Owl Capital (NYSE:OWL – Free Report) had its price objective trimmed by Wells Fargo & Company from $24.00 to $22.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other analysts have also recently commented on OWL. The Goldman Sachs Group cut Blue Owl Capital from a “buy” rating to a “neutral” rating and reduced their price target for the company from $25.00 to $24.75 in a report on Monday, January 6th. Piper Sandler boosted their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Barclays assumed 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 for the company. JMP Securities reissued 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. Finally, Citigroup reaffirmed a “buy” rating and issued a $30.00 target price on shares of Blue Owl Capital in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.33.

Check Out Our Latest Stock Report on OWL

Blue Owl Capital Price Performance

NYSE:OWL opened at $20.68 on Thursday. The firm has a market cap of $31.80 billion, a price-to-earnings ratio of 121.63, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19. Blue Owl Capital has a 1-year low of $15.18 and a 1-year high of $26.73. The firm’s fifty day moving average price is $22.71 and its 200 day moving average price is $22.13.

Blue Owl Capital (NYSE:OWL – Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (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%. As a group, analysts expect that Blue Owl Capital will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were given a $0.18 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.48%. Blue Owl Capital’s dividend payout ratio is currently 423.53%.

Institutional Trading of Blue Owl Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its stake in shares of Blue Owl Capital by 11.6% during the 4th quarter. California State Teachers Retirement System now owns 497,636 shares of the company’s stock worth $11,575,000 after purchasing an additional 51,782 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Blue Owl Capital during the fourth quarter valued at approximately $235,000. Vise Technologies Inc. boosted its position in Blue Owl Capital by 4.6% during the fourth quarter. Vise Technologies Inc. now owns 10,947 shares of the company’s stock worth $255,000 after acquiring an additional 478 shares during the last quarter. JT Stratford LLC purchased a new stake in Blue Owl Capital in the 4th quarter worth approximately $271,000. Finally, Inspire Trust Co. N.A. acquired a new position in Blue Owl Capital in the 4th quarter valued at $1,151,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.

About Blue Owl Capital

(Get Free Report)

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.

Featured Stories