Blue Owl Capital (NYSE:OWL) Price Target Raised to $25.00 at Wells Fargo & Company

Blue Owl Capital (NYSE:OWL) had its target price raised by Wells Fargo & Company from $23.00 to $25.00 in a report released on Thursday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other analysts also recently commented on the stock. Oppenheimer raised their target price on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday. Piper Sandler raised their price objective on shares of Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 target price on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft increased their target price on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Evercore ISI boosted their price target on Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.98.

Blue Owl Capital Stock Down 0.9 %

Shares of NYSE OWL opened at $24.53 on Thursday. Blue Owl Capital has a twelve month low of $13.01 and a twelve month high of $25.03. The stock has a market cap of $36.64 billion, a price-to-earnings ratio of 144.30, a P/E/G ratio of 1.66 and a beta of 1.14. The company’s fifty day moving average is $22.89 and its 200-day moving average is $19.63.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The firm had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. During the same period in the previous year, the company posted $0.16 earnings per share. On average, research analysts anticipate that Blue Owl Capital will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s dividend payout ratio (DPR) is 423.55%.

Hedge Funds Weigh In On Blue Owl Capital

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kovitz Investment Group Partners LLC lifted its stake in Blue Owl Capital by 1.4% in the third quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock valued at $622,000 after acquiring an additional 443 shares during the last quarter. King Luther Capital Management Corp raised its holdings in shares of Blue Owl Capital by 0.6% in the 3rd quarter. King Luther Capital Management Corp now owns 79,919 shares of the company’s stock valued at $1,547,000 after purchasing an additional 485 shares during the period. Apollon Wealth Management LLC lifted its stake in Blue Owl Capital by 1.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company’s stock valued at $1,009,000 after purchasing an additional 565 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Blue Owl Capital by 0.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company’s stock valued at $1,851,000 after purchasing an additional 575 shares during the last quarter. Finally, MAI Capital Management grew its holdings in Blue Owl Capital by 0.3% during the third quarter. MAI Capital Management now owns 189,251 shares of the company’s stock worth $3,664,000 after purchasing an additional 607 shares during the period. 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.