Blue Owl Capital (NYSE:OWL) Price Target Cut to $19.00 by Analysts at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group has reduced the price target for Blue Owl Capital from $21.50 to $19.00, maintaining a "neutral" rating on the stock.
• Other analysts have varying ratings on Blue Owl Capital, with Barclays raising its target to $23.00 and Oppenheimer increasing their target to $26.00, indicating a general optimism among some analysts.
• The stock currently trades at approximately $16.53, with an average target price across analysts of $23.12, suggesting potential upside.

Blue Owl Capital (NYSE:OWL - Get Free Report) had its price objective lowered by The Goldman Sachs Group from $21.50 to $19.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. The Goldman Sachs Group's price objective would indicate a potential upside of 14.97% from the company's current price.

Other analysts also recently issued research reports about the company. Barclays boosted their price objective on Blue Owl Capital from $21.00 to $23.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Evercore ISI raised their target price on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Raymond James Financial started coverage on Blue Owl Capital in a research note on Monday, July 28th. They set a "market perform" rating for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Blue Owl Capital in a report on Saturday, September 27th. Finally, Oppenheimer boosted their target price on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $23.12.

Blue Owl Capital Price Performance

Shares of NYSE:OWL traded up $0.26 during midday trading on Monday, reaching $16.53. The company had a trading volume of 7,384,406 shares, compared to its average volume of 8,016,374. The stock's fifty day moving average price is $18.58 and its 200-day moving average price is $18.77. The stock has a market capitalization of $25.61 billion, a P/E ratio of 183.84, a PEG ratio of 1.07 and a beta of 1.13. Blue Owl Capital has a one year low of $14.55 and a one year high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $703.11 million during the quarter, compared to the consensus estimate of $642.13 million. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. As a group, sell-side analysts forecast that Blue Owl Capital will post 0.92 earnings per share for the current year.

Institutional Trading of Blue Owl Capital

Several hedge funds have recently made changes to their positions in OWL. HCR Wealth Advisors purchased a new position in Blue Owl Capital during the third quarter worth about $1,840,000. HMI Capital Management L.P. raised its position in Blue Owl Capital by 276.8% during the 2nd quarter. HMI Capital Management L.P. now owns 5,704,480 shares of the company's stock valued at $109,583,000 after purchasing an additional 4,190,380 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of Blue Owl Capital by 7.2% in the 2nd quarter. Osaic Holdings Inc. now owns 85,863 shares of the company's stock worth $1,651,000 after acquiring an additional 5,800 shares in the last quarter. Munro Partners purchased a new stake in shares of Blue Owl Capital in the 2nd quarter worth approximately $2,303,000. Finally, Thrivent Financial for Lutherans grew its stake in shares of Blue Owl Capital by 1.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 266,323 shares of the company's stock worth $5,116,000 after buying an additional 4,647 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

About Blue Owl Capital

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.

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