Blue Owl Capital (NYSE:OWL - Get Free Report)'s stock had its "market perform" rating reiterated by Keefe, Bruyette & Woods in a note issued to investors on Thursday, Benzinga reports. They presently have a $19.00 price target on the stock. Keefe, Bruyette & Woods' price target points to a potential downside of 0.26% from the stock's previous close.
OWL has been the subject of several other reports. Piper Sandler upped their target price on Blue Owl Capital from $20.00 to $22.00 and gave the company an "overweight" rating in a research note on Friday, March 1st. UBS Group upgraded Blue Owl Capital from a "neutral" rating to a "buy" rating and upped their price target for the stock from $18.00 to $22.00 in a research note on Tuesday. TD Cowen started coverage on Blue Owl Capital in a research note on Thursday, January 4th. They set an "outperform" rating and a $17.00 price target for the company. Finally, The Goldman Sachs Group upped their price target on Blue Owl Capital from $17.75 to $20.25 and gave the stock a "buy" rating in a research note on Monday, February 12th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital presently has an average rating of "Moderate Buy" and an average target price of $18.20.
View Our Latest Report on OWL
Blue Owl Capital Stock Down 1.7 %
Shares of Blue Owl Capital stock traded down $0.33 during trading on Thursday, reaching $19.05. The company's stock had a trading volume of 4,029,680 shares, compared to its average volume of 4,589,210. The business has a 50 day moving average price of $17.52 and a 200-day moving average price of $15.02. The company has a market capitalization of $27.22 billion, a P/E ratio of 194.42, a price-to-earnings-growth ratio of 0.95 and a beta of 1.27. Blue Owl Capital has a 12-month low of $9.70 and a 12-month high of $19.87.
Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Friday, February 9th. The company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. The company had revenue of $494.04 million during the quarter, compared to analysts' expectations 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 previous year, the firm posted $0.15 earnings per share. Research analysts predict that Blue Owl Capital will post 0.83 EPS for the current fiscal year.
Insider Transactions at Blue Owl Capital
In other news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the company's stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $15.81, for a total value of $71,145,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 33.39% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its holdings in Blue Owl Capital by 24.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 68,142 shares of the company's stock valued at $1,015,000 after purchasing an additional 13,291 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Blue Owl Capital by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 40,480,663 shares of the company's stock valued at $603,162,000 after purchasing an additional 281,324 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Blue Owl Capital by 22.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,819,431 shares of the company's stock valued at $27,110,000 after purchasing an additional 328,719 shares during the last quarter. Neo Ivy Capital Management purchased a new position in Blue Owl Capital in the fourth quarter valued at about $160,000. Finally, Chicago Partners Investment Group LLC boosted its holdings in Blue Owl Capital by 19.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 232,163 shares of the company's stock valued at $3,612,000 after purchasing an additional 37,641 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.
About Blue Owl Capital
(
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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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