Blue Owl Capital (NYSE:OWL) Downgraded by The Goldman Sachs Group to Neutral

The Goldman Sachs Group lowered shares of Blue Owl Capital (NYSE:OWL) from a buy rating to a neutral rating in a research note released on Monday, MarketBeat Ratings reports. The Goldman Sachs Group currently has $24.75 price objective on the stock, down from their previous price objective of $25.00.

Several other equities research analysts have also recently weighed in on the company. Oppenheimer boosted their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Wells Fargo & Company boosted their target price on Blue Owl Capital from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Evercore ISI increased their price target on Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods lifted their price objective on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft increased 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 note on Friday, November 1st. Five research 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.10.

Blue Owl Capital Stock Performance

NYSE OWL opened at $23.50 on Monday. The stock has a 50 day moving average price of $23.40 and a 200-day moving average price of $20.36. Blue Owl Capital has a one year low of $14.42 and a one year high of $25.03. The company has a market capitalization of $35.10 billion, a P/E ratio of 138.24, a P/E/G ratio of 1.66 and a beta of 1.14.

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

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were issued a $0.18 dividend. The ex-dividend date was Monday, November 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.06%. Blue Owl Capital’s payout ratio is 423.53%.

Hedge Funds Weigh In On Blue Owl Capital

Institutional investors have recently made changes to their positions in the company. Kovitz Investment Group Partners LLC raised its stake in Blue Owl Capital by 1.4% in the third quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock worth $622,000 after buying an additional 443 shares in the last quarter. King Luther Capital Management Corp raised its position in shares of Blue Owl Capital by 0.6% in the 3rd quarter. King Luther Capital Management Corp now owns 79,919 shares of the company’s stock worth $1,547,000 after acquiring an additional 485 shares in the last quarter. Apollon Wealth Management LLC raised its position in shares of Blue Owl Capital by 1.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company’s stock worth $1,009,000 after acquiring an additional 565 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Blue Owl Capital by 0.6% during the third quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company’s stock valued at $1,851,000 after purchasing an additional 575 shares in the last quarter. Finally, MAI Capital Management boosted its position in Blue Owl Capital by 0.3% during the third quarter. MAI Capital Management now owns 189,251 shares of the company’s stock valued at $3,664,000 after purchasing an additional 607 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

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.