Blue Owl Capital (NYSE:OWL) Given New $11.00 Price Target at BMO Capital Markets

Key Points

• BMO Capital Markets lowered Blue Owl Capital’s price target from $12.00 to $11.00 while maintaining an “outperform” rating, implying 18.22% upside from the stock’s $9.30 price.
• Analyst sentiment remains moderately positive: Blue Owl has a consensus rating of “Moderate Buy” and an average price target of $13.27, despite several recent target reductions and a range of “Hold” to “Outperform” ratings.
• Blue Owl’s latest quarterly results met expectations, with earnings per share of $0.22 and revenue of $693.56 million. Institutional investors own approximately 35.85% of the company’s stock.

Blue Owl Capital (NYSE:OWL - Get Free Report) had its price objective cut by equities research analysts at BMO Capital Markets from $12.00 to $11.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets's target price suggests a potential upside of 18.22% from the company's current price.

Several other equities research analysts have also issued reports on the stock. Keefe, Bruyette & Woods raised shares of Blue Owl Capital to a "hold" rating in a report on Monday, July 20th. Citizens Jmp decreased their target price on shares of Blue Owl Capital from $21.00 to $17.00 and set a "market outperform" rating on the stock in a research report on Thursday, July 9th. Wells Fargo & Company initiated coverage on shares of Blue Owl Capital in a research note on Friday, October 2nd. They issued an "equal weight" rating and a $10.00 target price on the stock. Oppenheimer raised their price target on shares of Blue Owl Capital from $15.00 to $17.00 and gave the stock an "outperform" rating in a research note on Thursday, August 27th. Finally, HSBC set a $17.00 price objective on Blue Owl Capital in a report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Blue Owl Capital presently has an average rating of "Moderate Buy" and a consensus price target of $13.27.

Blue Owl Capital Stock Performance

Shares of NYSE:OWL traded down $0.04 during trading on Tuesday, hitting $9.30. 7,799,240 shares of the stock were exchanged, compared to its average volume of 24,552,637. Blue Owl Capital has a 1-year low of $7.95 and a 1-year high of $17.17. The company has a market capitalization of $14.51 billion, a price-to-earnings ratio of 77.55, a price-to-earnings-growth ratio of 1.14 and a beta of 1.35. The company's fifty day simple moving average is $10.22 and its 200-day simple moving average is $10.48.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.22. The business had revenue of $693.56 million for the quarter, compared to analysts' expectations of $693.15 million. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%. On average, research analysts forecast that Blue Owl Capital will post 0.88 earnings per share for the current fiscal year.

Institutional Trading of Blue Owl Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in OWL. Burk Holdings LLC bought a new stake in Blue Owl Capital during the 2nd quarter worth about $27,000. Essential Partners LLC lifted its position in shares of Blue Owl Capital by 739.7% during the first quarter. Essential Partners LLC now owns 3,216 shares of the company's stock worth $29,000 after purchasing an additional 2,833 shares in the last quarter. CX Institutional grew its stake in shares of Blue Owl Capital by 881.5% during the second quarter. CX Institutional now owns 3,396 shares of the company's stock valued at $30,000 after purchasing an additional 3,050 shares during the last quarter. Center for Financial Planning Inc. grew its stake in shares of Blue Owl Capital by 2,100.0% during the first quarter. Center for Financial Planning Inc. now owns 4,400 shares of the company's stock valued at $40,000 after purchasing an additional 4,200 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Blue Owl Capital by 118.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 4,577 shares of the company's stock valued at $40,000 after purchasing an additional 2,485 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

About Blue Owl Capital

Blue Owl Capital Inc NYSE: OWL is an alternative asset manager that provides private-market investment solutions to institutional investors, financial professionals, and other clients. The company focuses on strategies designed to deliver income, long-term capital appreciation, and customized exposure to private markets.

Blue Owl operates across three primary platforms: Credit, GP Strategic Capital, and Real Estate. Its credit business provides private financing to companies, including direct lending and other asset-backed and specialty finance strategies.

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