Blue Owl Capital (NYSE:OWL) PT Raised to $23.00

Blue Owl Capital (NYSE:OWL) had its price target upped by research analysts at Piper Sandler from $20.00 to $23.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s target price indicates a potential upside of 13.08% from the company’s current price.

Several other research firms have also recently issued reports on OWL. Oppenheimer upgraded Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Friday, August 2nd. UBS Group lowered 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. TD Cowen restated a “hold” rating and issued a $19.00 price target (down previously from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Wells Fargo & Company assumed coverage on Blue Owl Capital in a report on Thursday, September 12th. They issued an “equal weight” rating and a $18.50 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.69.

Blue Owl Capital Trading Down 1.8 %

NYSE OWL opened at $20.34 on Wednesday. The business’s 50 day moving average is $17.90 and its two-hundred day moving average is $18.21. Blue Owl Capital has a 12-month low of $12.11 and a 12-month high of $21.21. The stock has a market capitalization of $29.06 billion, a price-to-earnings ratio of 169.50, a PEG ratio of 1.19 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analysts’ expectations of $507.22 million. During the same quarter in the previous year, the firm posted $0.16 EPS. Equities analysts forecast that Blue Owl Capital will post 0.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Raymond James Trust N.A. lifted its stake in shares of Blue Owl Capital by 6.7% during the 2nd quarter. Raymond James Trust N.A. now owns 11,217 shares of the company’s stock worth $199,000 after purchasing an additional 708 shares during the period. Capital Insight Partners LLC lifted its stake in shares of Blue Owl Capital by 2.6% during the 2nd quarter. Capital Insight Partners LLC now owns 32,637 shares of the company’s stock worth $579,000 after purchasing an additional 815 shares during the period. Great Diamond Partners LLC lifted its stake in shares of Blue Owl Capital by 2.5% during the 2nd quarter. Great Diamond Partners LLC now owns 42,626 shares of the company’s stock worth $757,000 after purchasing an additional 1,030 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Blue Owl Capital by 4.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,998 shares of the company’s stock worth $479,000 after purchasing an additional 1,103 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in shares of Blue Owl Capital by 11.6% during the 2nd quarter. CIBC Asset Management Inc now owns 13,271 shares of the company’s stock worth $236,000 after purchasing an additional 1,378 shares during the period. Hedge funds and other institutional investors own 35.85% of the company’s stock.

About Blue Owl Capital

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.