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

Blue Owl Capital (NYSE:OWL) had its price target cut by Wells Fargo & Company from $24.00 to $22.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts also recently commented on OWL. The Goldman Sachs Group downgraded shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. JMP Securities restated a “market outperform” rating and set a $32.00 price target (up previously from $30.00) on shares of Blue Owl Capital in a report on Friday, February 7th. Keefe, Bruyette & Woods increased their price target on Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Piper Sandler upped 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 note on Monday, December 23rd. Finally, Oppenheimer lifted their price target on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.33.

Blue Owl Capital Trading Down 1.6 %

Shares of NYSE OWL opened at $20.68 on Thursday. The stock has a fifty day simple moving average of $22.71 and a 200-day simple moving average of $22.13. Blue Owl Capital has a twelve month low of $15.18 and a twelve month high of $26.73. The stock has a market capitalization of $31.80 billion, a PE ratio of 121.63, a PEG ratio of 1.23 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) 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%. On average, equities analysts predict that Blue Owl Capital will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

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

Institutional Trading of Blue Owl Capital

A number of large investors have recently made changes to their positions in OWL. Rakuten Securities Inc. purchased a new stake in Blue Owl Capital in the fourth quarter valued at approximately $27,000. Allworth Financial LP raised its position in Blue Owl Capital by 43.3% in the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock valued at $36,000 after purchasing an additional 428 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Blue Owl Capital by 232.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock worth $44,000 after purchasing an additional 1,315 shares during the period. Principal Securities Inc. grew its position in Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock worth $45,000 after purchasing an additional 450 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in Blue Owl Capital by 136.2% in the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after purchasing an additional 1,110 shares during the period. 35.85% of the stock is owned by institutional investors and hedge funds.

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.