Blue Owl Capital (NYSE:OWL) Price Target Raised to $22.00

Blue Owl Capital (NYSE:OWL) had its target price upped by equities research analysts at Evercore ISI from $21.00 to $22.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s price objective suggests a potential upside of 8.00% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $18.50 price target on shares of Blue Owl Capital in a report on Thursday, June 13th. Piper Sandler dropped their target price on shares of Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. UBS Group reduced their price target on Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Oppenheimer upgraded Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Friday, August 2nd. Finally, Wells Fargo & Company assumed coverage on Blue Owl Capital in a research report on Thursday, September 12th. They issued an “equal weight” rating and a $18.50 price objective on the stock. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus target price of $20.44.

Blue Owl Capital Stock Performance

Shares of OWL stock traded down $0.35 on Tuesday, hitting $20.37. 1,888,851 shares of the company’s stock traded hands, compared to its average volume of 5,247,168. The stock has a market capitalization of $29.10 billion, a price-to-earnings ratio of 169.75, a P/E/G ratio of 1.19 and a beta of 1.18. The company’s fifty day simple moving average is $17.87 and its 200 day simple moving average is $18.19. Blue Owl Capital has a one year low of $12.11 and a one year high of $21.21.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. The company had revenue of $549.85 million during the quarter, compared to analysts’ expectations of $507.22 million. During the same period in the prior year, the business posted $0.16 EPS. As a group, sell-side analysts anticipate that Blue Owl Capital will post 0.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Blue Owl Capital

Several large investors have recently made changes to their positions in OWL. Seven Eight Capital LP purchased a new position in shares of Blue Owl Capital in the 4th quarter worth about $594,000. Balyasny Asset Management L.P. bought a new position in shares of Blue Owl Capital in the fourth quarter worth approximately $46,030,000. Chicago Partners Investment Group LLC grew its holdings in shares of Blue Owl Capital by 19.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 232,163 shares of the company’s stock valued at $3,612,000 after buying an additional 37,641 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $160,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Blue Owl Capital by 22.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,819,431 shares of the company’s stock valued at $27,110,000 after acquiring an additional 328,719 shares in the last quarter. 35.85% of the stock is currently 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.