Wells Fargo & Company Lowers Blue Owl Capital (NYSE:OWL) Price Target to $24.00

Blue Owl Capital (NYSE:OWL) had its price objective reduced by Wells Fargo & Company from $25.00 to $24.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also weighed in on the stock. The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $25.00 to $24.75 in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 price objective on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Evercore ISI lifted their target price on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Finally, UBS Group boosted their price target on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.02.

Blue Owl Capital Stock Performance

Shares of OWL opened at $22.51 on Tuesday. The firm has a market cap of $33.62 billion, a price-to-earnings ratio of 132.42, a PEG ratio of 1.66 and a beta of 1.14. The firm has a 50 day moving average price of $23.49 and a 200-day moving average price of $20.58. Blue Owl Capital has a fifty-two week low of $14.42 and a fifty-two week high of $25.03.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The company had revenue of $600.88 million during the quarter, compared to analyst estimates of $565.93 million. During the same quarter last year, the firm posted $0.16 earnings per share. As a group, equities research analysts predict that Blue Owl Capital will post 0.78 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

Institutional Investors Weigh In On Blue Owl Capital

Several large investors have recently added to or reduced their stakes in OWL. ORG Wealth Partners LLC purchased a new position in shares of Blue Owl Capital during the third quarter worth approximately $32,000. Versant Capital Management Inc lifted its stake in shares of Blue Owl Capital by 136.2% during the 4th quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock worth $45,000 after purchasing an additional 1,110 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Blue Owl Capital during the third quarter valued at about $138,000. Signaturefd LLC grew its stake in Blue Owl Capital by 19.3% in the third quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock valued at $177,000 after purchasing an additional 1,476 shares during the last quarter. Finally, Chiron Investment Management LLC bought a new position in Blue Owl Capital in the third quarter worth about $196,000. 35.85% of the stock is owned by hedge funds and other institutional investors.

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.