Blue Owl Capital (NYSE:OWL) Price Target Raised to $21.00

Blue Owl Capital (NYSE:OWL - Get Free Report) had its price objective hoisted by Wells Fargo & Company from $20.00 to $21.00 in a research report issued on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective points to a potential upside of 11.88% from the company's previous close.

Several other equities research analysts have also commented on OWL. Citigroup cut their price objective on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Oppenheimer set a $24.00 price target on Blue Owl Capital and gave the stock an "outperform" rating in a research report on Wednesday, April 16th. Barclays dropped their price target on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Piper Sandler dropped their target price on shares of Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $20.00 to $23.00 in a report on Tuesday, May 20th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $23.40.

Blue Owl Capital Price Performance

NYSE OWL traded up $0.05 on Friday, hitting $18.77. The company had a trading volume of 4,667,304 shares, compared to its average volume of 6,857,179. The company has a market capitalization of $28.87 billion, a PE ratio of 110.42, a PEG ratio of 1.23 and a beta of 1.21. The company's fifty day moving average price is $18.53 and its 200-day moving average price is $21.53. Blue Owl Capital has a 12-month low of $14.55 and a 12-month high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The company had revenue of $620.19 million for the quarter, compared to analysts' expectations of $636.44 million. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, sell-side analysts anticipate that Blue Owl Capital will post 0.92 EPS for the current year.

Institutional Investors Weigh In On Blue Owl Capital

Hedge funds have recently modified their holdings of the company. FMR LLC grew its stake in shares of Blue Owl Capital by 28.1% in the 4th quarter. FMR LLC now owns 45,241,160 shares of the company's stock valued at $1,052,309,000 after buying an additional 9,917,071 shares during the period. Capital World Investors grew its position in Blue Owl Capital by 14.5% in the fourth quarter. Capital World Investors now owns 77,168,640 shares of the company's stock worth $1,794,943,000 after acquiring an additional 9,794,102 shares during the period. Vanguard Group Inc. grew its position in Blue Owl Capital by 13.5% in the first quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company's stock worth $1,210,674,000 after acquiring an additional 7,206,495 shares during the period. Cresset Asset Management LLC grew its position in Blue Owl Capital by 4,278.0% in the fourth quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company's stock worth $140,794,000 after acquiring an additional 5,914,804 shares during the period. Finally, Norges Bank purchased a new position in Blue Owl Capital in the fourth quarter worth approximately $137,118,000. 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.