Blue Owl Capital (NYSE:OWL) Stock Gets Price Target Trim from Piper Sandler

Blue Owl Capital (NYSE:OWL) had its target price reduced by Piper Sandler from $13.00 to $12.00 in a report published on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages have also issued reports on OWL. Citizens Jmp cut their price target on Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating on the stock in a report on Thursday, July 9th. Credit Suisse Group set a $9.10 price objective on Blue Owl Capital in a research note on Thursday, July 2nd. Wells Fargo & Company started coverage on Blue Owl Capital in a report on Friday, October 2nd. They set an “equal weight” rating and a $10.00 price objective for the company. Oppenheimer increased their target price on Blue Owl Capital from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Finally, The Goldman Sachs Group increased their target price on Blue Owl Capital from $9.50 to $10.50 and gave the stock a “neutral” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.33.

Blue Owl Capital Trading Down 0.6%

Shares of NYSE OWL opened at $9.15 on Monday. The firm’s 50-day moving average price is $10.38 and its 200-day moving average price is $9.93. Blue Owl Capital has a 1-year low of $7.95 and a 1-year high of $17.30. The firm has a market capitalization of $14.26 billion, a P/E ratio of 76.25, a P/E/G ratio of 1.12 and a beta of 1.35.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. The company had revenue of $693.56 million for the quarter, compared to analysts’ expectations of $693.15 million. Equities research analysts forecast that Blue Owl Capital will post 0.88 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date of this dividend was Thursday, August 13th. Blue Owl Capital’s dividend payout ratio is presently 766.67%.

Hedge Funds Weigh In On Blue Owl Capital

Several large investors have recently bought and sold shares of OWL. Burk Holdings LLC bought a new stake in shares of Blue Owl Capital in the 2nd quarter worth $27,000. Essential Partners LLC raised its holdings in shares of Blue Owl Capital by 739.7% in the first quarter. Essential Partners LLC now owns 3,216 shares of the company’s stock valued at $29,000 after purchasing an additional 2,833 shares during the last quarter. CX Institutional lifted its position in shares of Blue Owl Capital by 881.5% during the second quarter. CX Institutional now owns 3,396 shares of the company’s stock valued at $30,000 after purchasing an additional 3,050 shares in the last quarter. Allworth Financial LP bought a new position in shares of Blue Owl Capital during the second quarter valued at about $42,000. Finally, Center for Financial Planning Inc. boosted its holdings in Blue Owl Capital by 2,100.0% during the first quarter. Center for Financial Planning Inc. now owns 4,400 shares of the company’s stock worth $40,000 after purchasing an additional 4,200 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Company Profile

Blue Owl Capital Inc (NYSE: OWL) is an alternative asset manager that provides private-market investment solutions to institutional investors, financial professionals, and other clients. The company focuses on strategies designed to deliver income, long-term capital appreciation, and customized exposure to private markets.

Blue Owl operates across three primary platforms: Credit, GP Strategic Capital, and Real Estate. Its credit business provides private financing to companies, including direct lending and other asset-backed and specialty finance strategies.