Blue Owl Capital (NYSE:OWL) Now Covered by Barclays

Barclays started coverage on shares of Blue Owl Capital (NYSE:OWL) in a report released on Monday, Marketbeat reports. The brokerage issued an overweight rating and a $29.00 price target on the stock.

Several other equities analysts have also recently issued reports on the stock. TD Cowen raised shares of Blue Owl Capital from a “hold” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Citigroup reiterated a “buy” rating and set a $30.00 price target on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods raised their price objective on shares of 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. Oppenheimer lifted their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and cut their target price for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.48.

Blue Owl Capital Stock Performance

Shares of OWL opened at $21.79 on Monday. Blue Owl Capital has a fifty-two week low of $15.18 and a fifty-two week high of $26.73. The firm has a 50-day simple moving average of $23.95 and a 200-day simple moving average of $21.88. The company has a market capitalization of $32.54 billion, a price-to-earnings ratio of 128.16, a price-to-earnings-growth ratio of 1.23 and a beta of 1.15.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. Equities research analysts forecast that Blue Owl Capital will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be issued a $0.18 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $0.72 annualized dividend and a yield of 3.30%. Blue Owl Capital’s payout ratio is 423.55%.

Institutional Investors Weigh In On Blue Owl Capital

Several institutional investors have recently bought and sold shares of the business. Capital World Investors lifted its holdings in shares of Blue Owl Capital by 14.5% during the 4th quarter. Capital World Investors now owns 77,168,640 shares of the company’s stock valued at $1,794,943,000 after acquiring an additional 9,794,102 shares in the last quarter. Vanguard Group Inc. raised its position in Blue Owl Capital by 11.7% in the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company’s stock valued at $1,237,581,000 after purchasing an additional 5,558,868 shares during the period. FMR LLC lifted its stake in shares of Blue Owl Capital by 28.1% during the fourth quarter. FMR LLC now owns 45,241,160 shares of the company’s stock worth $1,052,309,000 after purchasing an additional 9,917,071 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Blue Owl Capital by 2.4% in the fourth quarter. JPMorgan Chase & Co. now owns 9,248,983 shares of the company’s stock worth $215,131,000 after buying an additional 218,586 shares during the period. Finally, State Street Corp grew its stake in shares of Blue Owl Capital by 5.6% in the third quarter. State Street Corp now owns 8,452,073 shares of the company’s stock valued at $163,632,000 after buying an additional 449,066 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.