Wells Fargo & Company Issues Pessimistic Forecast for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL) had its price target lowered by equities research analysts at Wells Fargo & Company from $24.00 to $22.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 6.36% from the company’s previous close.

Several other research firms have also commented on OWL. Evercore ISI upped their target price on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Citigroup reiterated a “buy” rating and issued a $30.00 target price on shares of Blue Owl Capital in a research note on Thursday, January 23rd. Piper Sandler upped their price target on Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Keefe, Bruyette & Woods upped their price target on 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, JMP Securities restated a “market outperform” rating and set a $32.00 price target (up from $30.00) on shares of Blue Owl Capital in a research note on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.33.

Blue Owl Capital Stock Up 0.2 %

NYSE OWL opened at $20.69 on Thursday. Blue Owl Capital has a fifty-two week low of $15.18 and a fifty-two week high of $26.73. The stock has a market cap of $31.81 billion, a price-to-earnings ratio of 121.68, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19. The business has a fifty day moving average of $22.67 and a 200-day moving average of $22.15.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results 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%. As a group, analysts anticipate that Blue Owl Capital will post 0.92 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OWL. Atria Investments Inc lifted its holdings in Blue Owl Capital by 48.2% during the 3rd quarter. Atria Investments Inc now owns 16,222 shares of the company’s stock worth $314,000 after buying an additional 5,275 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Blue Owl Capital by 681.2% in the 3rd quarter. Victory Capital Management Inc. now owns 649,463 shares of the company’s stock worth $12,574,000 after purchasing an additional 566,325 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of Blue Owl Capital by 6.8% in the 3rd quarter. Natixis Advisors LLC now owns 246,878 shares of the company’s stock worth $4,780,000 after purchasing an additional 15,701 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Blue Owl Capital by 10.9% in the 3rd quarter. Swiss National Bank now owns 914,500 shares of the company’s stock worth $17,705,000 after purchasing an additional 90,100 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Blue Owl Capital by 0.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company’s stock worth $1,851,000 after purchasing an additional 575 shares during the last quarter. 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.