Blue Owl Capital (NYSE:OWL) Price Target Raised to $26.00

by · The Markets Daily

Blue Owl Capital (NYSE:OWL – Free Report) had its target price increased by Keefe, Bruyette & Woods from $22.00 to $26.00 in a research note published on Friday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other research firms have also commented on OWL. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company lifted their price target on Blue Owl Capital from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 target price on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Evercore ISI raised their price target on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Finally, UBS Group upped their price objective on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.56.

View Our Latest Analysis on OWL

Blue Owl Capital Stock Performance

Shares of NYSE:OWL opened at $23.49 on Friday. The company’s fifty day moving average is $23.24 and its two-hundred day moving average is $19.84. The stock has a market capitalization of $35.08 billion, a price-to-earnings ratio of 138.18, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. Blue Owl Capital has a 1-year low of $14.37 and a 1-year high of $25.03.

Blue Owl Capital (NYSE:OWL – Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. During the same quarter last year, the business earned $0.16 earnings per share. Sell-side analysts expect that Blue Owl Capital will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s dividend payout ratio (DPR) is 423.53%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. grew its holdings in shares of Blue Owl Capital by 12.4% in the 3rd quarter. Franklin Resources Inc. now owns 2,818,874 shares of the company’s stock worth $54,573,000 after purchasing an additional 311,385 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Blue Owl Capital in the 3rd quarter worth approximately $138,000. Sanctuary Advisors LLC lifted its holdings in Blue Owl Capital by 37.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 75,869 shares of the company’s stock worth $1,469,000 after buying an additional 20,774 shares in the last quarter. Hohimer Wealth Management LLC boosted its position in Blue Owl Capital by 4.3% in the 3rd quarter. Hohimer Wealth Management LLC now owns 40,066 shares of the company’s stock valued at $776,000 after buying an additional 1,656 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its stake in shares of Blue Owl Capital by 149.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 32,430 shares of the company’s stock valued at $628,000 after buying an additional 19,434 shares during the period. 35.85% of the stock is owned by institutional investors.

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.

See Also