Blue Owl Capital (NYSE:OWL - Get Free Report) had its target price lifted by research analysts at Evercore ISI from $20.00 to $21.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Evercore ISI's price target indicates a potential upside of 6.36% from the stock's previous close.
Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company upped their target price on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. JMP Securities lowered their target price on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Citigroup lowered their target price on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Barclays decreased their price objective on Blue Owl Capital from $29.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Finally, Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and an average target price of $23.60.
Get Our Latest Stock Analysis on OWL
Blue Owl Capital Stock Up 1.6%
OWL traded up $0.31 during trading hours on Thursday, reaching $19.75. 457,662 shares of the company's stock traded hands, compared to its average volume of 6,868,228. The firm has a 50-day moving average price of $18.92 and a 200 day moving average price of $20.56. Blue Owl Capital has a 52-week low of $14.55 and a 52-week high of $26.73. The firm has a market capitalization of $30.36 billion, a PE ratio of 151.90, a PEG ratio of 1.30 and a beta of 1.17.
Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). Blue Owl Capital had a net margin of 3.73% and a return on equity of 19.74%. The business had revenue of $620.19 million for the quarter, compared to analysts' expectations of $636.44 million. Equities analysts predict that Blue Owl Capital will post 0.92 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. Rakuten Securities Inc. acquired a new position in shares of Blue Owl Capital in the fourth quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Blue Owl Capital by 380.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock worth $27,000 after buying an additional 1,050 shares during the last quarter. Banque Transatlantique SA purchased a new stake in shares of Blue Owl Capital in the first quarter worth about $31,000. Jones Financial Companies Lllp boosted its stake in shares of Blue Owl Capital by 232.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company's stock worth $44,000 after buying an additional 1,315 shares during the last quarter. Finally, SVB Wealth LLC purchased a new stake in shares of Blue Owl Capital in the first quarter worth about $38,000. 35.85% of the stock is owned by institutional investors and hedge funds.
About Blue Owl Capital
(
Get Free Report)
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.
Further Reading
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