Raymond James Financial Begins Coverage on Blue Owl Capital (NYSE:OWL)

Key Points

• Raymond James Financial has initiated coverage on Blue Owl Capital (NYSE:OWL) with a "market perform" rating.
• Other analysts have rated Blue Owl Capital with a consensus of "Moderate Buy" and an average price target of $24.02.
• Blue Owl Capital reported $0.17 EPS for the last quarter, missing consensus estimates, with a net margin of 3.73%.

Raymond James Financial assumed coverage on shares of Blue Owl Capital (NYSE:OWL - Get Free Report) in a research report issued on Monday,Briefing.com Automated Import reports. The brokerage set a "market perform" rating on the stock.

A number of other analysts have also weighed in on the stock. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $20.00 to $23.00 in a research report on Tuesday, May 20th. Evercore ISI increased their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Oppenheimer increased their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Wells Fargo & Company boosted their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Finally, UBS Group lowered their price objective on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $24.02.

Blue Owl Capital Trading Down 1.6%

OWL opened at $19.98 on Monday. The firm has a market cap of $30.72 billion, a P/E ratio of 153.67, a P/E/G ratio of 1.37 and a beta of 1.17. Blue Owl Capital has a 12 month low of $14.55 and a 12 month high of $26.73. The stock has a 50-day moving average of $19.18 and a 200 day moving average of $20.22.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. The company had revenue of $620.19 million during the quarter, compared to analysts' expectations of $636.44 million. On average, research analysts forecast that Blue Owl Capital will post 0.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Vise Technologies Inc. increased its position in Blue Owl Capital by 4.6% during the 4th quarter. Vise Technologies Inc. now owns 10,947 shares of the company's stock valued at $255,000 after purchasing an additional 478 shares during the period. Teza Capital Management LLC increased its position in Blue Owl Capital by 1.7% during the 4th quarter. Teza Capital Management LLC now owns 28,929 shares of the company's stock valued at $673,000 after purchasing an additional 485 shares during the period. State of Wyoming increased its position in Blue Owl Capital by 27.1% during the 4th quarter. State of Wyoming now owns 2,359 shares of the company's stock valued at $55,000 after purchasing an additional 503 shares during the period. Cullen Frost Bankers Inc. lifted its position in shares of Blue Owl Capital by 39.1% during the first quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock valued at $42,000 after buying an additional 583 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its position in shares of Blue Owl Capital by 3.0% during the fourth quarter. Benjamin Edwards Inc. now owns 22,888 shares of the company's stock valued at $532,000 after buying an additional 658 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

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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