Blue Owl Capital (NYSE:OWL) Price Target Increased to $23.00 by Analysts at Piper Sandler

Blue Owl Capital (NYSE:OWL - Free Report) had its target price upped by Piper Sandler from $22.00 to $23.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research analysts also recently weighed in on OWL. The Goldman Sachs Group increased their target price on Blue Owl Capital from $17.75 to $20.25 and gave the company a buy rating in a report on Monday, February 12th. Keefe, Bruyette & Woods reaffirmed a market perform rating and issued a $19.00 price objective on shares of Blue Owl Capital in a research note on Thursday, April 4th. JMP Securities reaffirmed a market outperform rating and issued a $24.00 price objective on shares of Blue Owl Capital in a research note on Tuesday. TD Cowen assumed coverage on Blue Owl Capital in a research note on Thursday, January 4th. They issued an outperform rating and a $17.00 price objective on the stock. Finally, Evercore ISI raised their price objective on Blue Owl Capital from $18.00 to $22.00 and gave the stock an outperform rating in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $18.84.

Blue Owl Capital Stock Performance

Shares of NYSE:OWL traded down $0.41 during midday trading on Wednesday, reaching $18.93. 3,436,795 shares of the company's stock traded hands, compared to its average volume of 4,563,642. The company has a market cap of $27.05 billion, a price-to-earnings ratio of 191.92, a P/E/G ratio of 1.28 and a beta of 1.27. Blue Owl Capital has a one year low of $9.70 and a one year high of $19.87. The stock has a 50 day moving average of $17.79 and a 200 day moving average of $15.23.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Friday, February 9th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.01. The firm had revenue of $494.04 million for the quarter, compared to the consensus estimate of $438.77 million. Blue Owl Capital had a return on equity of 17.31% and a net margin of 3.14%. During the same period in the prior year, the company posted $0.15 earnings per share. Sell-side analysts predict that Blue Owl Capital will post 0.83 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.96%. The ex-dividend date was Thursday, February 22nd. Blue Owl Capital's dividend payout ratio is presently 560.06%.

Insider Activity

In other news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the firm's stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $15.81, for a total value of $71,145,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 33.39% of the company's stock.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently modified their holdings of OWL. Price T Rowe Associates Inc. MD lifted its stake in shares of Blue Owl Capital by 7,735.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,366,944 shares of the company's stock worth $53,830,000 after acquiring an additional 5,298,444 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in Blue Owl Capital during the 3rd quarter valued at $59,997,000. Oregon Public Employees Retirement Fund bought a new stake in Blue Owl Capital during the 3rd quarter valued at $51,840,000. Capital International Investors raised its position in Blue Owl Capital by 12.0% during the 4th quarter. Capital International Investors now owns 33,177,641 shares of the company's stock valued at $494,347,000 after purchasing an additional 3,565,657 shares in the last quarter. Finally, State Street Corp raised its position in Blue Owl Capital by 212.9% during the 2nd quarter. State Street Corp now owns 5,110,788 shares of the company's stock valued at $51,261,000 after purchasing an additional 3,477,322 shares in the last quarter. 35.85% of the stock is 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.