UBS Group Issues Pessimistic Forecast for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL) had its target price decreased by UBS Group from $26.00 to $23.00 in a research report report published on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

OWL has been the subject of a number of other research reports. Oppenheimer set a $24.00 target price on shares of Blue Owl Capital and gave the stock an “outperform” rating in a research note on Wednesday, April 16th. Barclays cut their price objective on Blue Owl Capital from $29.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, April 7th. Piper Sandler decreased their target price on Blue Owl Capital from $27.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. TD Cowen upgraded Blue Owl Capital from a “hold” rating to a “buy” rating and boosted their price target for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. Finally, Wells Fargo & Company lowered their target price on shares of Blue Owl Capital from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.56.

Blue Owl Capital Trading Up 2.8 %

NYSE OWL opened at $18.42 on Thursday. The stock has a market capitalization of $28.33 billion, a price-to-earnings ratio of 108.36, a PEG ratio of 1.23 and a beta of 1.20. The stock has a 50-day moving average of $18.93 and a 200 day moving average of $22.00. Blue Owl Capital has a twelve month low of $14.55 and a twelve month high of $26.73.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. The business had revenue of $620.19 million for the quarter, compared to analyst estimates of $636.44 million. Equities analysts predict that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a $0.225 dividend. The ex-dividend date is Wednesday, May 14th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.18. This represents a $0.90 dividend on an annualized basis and a yield of 4.89%. Blue Owl Capital’s dividend payout ratio is currently 423.53%.

Institutional Investors Weigh In On Blue Owl Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital World Investors grew its holdings in shares of Blue Owl Capital by 14.5% during the 4th quarter. Capital World Investors now owns 77,168,640 shares of the company’s stock worth $1,794,943,000 after purchasing an additional 9,794,102 shares during the period. Vanguard Group Inc. boosted its stake in Blue Owl Capital by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company’s stock worth $1,237,581,000 after buying an additional 5,558,868 shares during the period. FMR LLC increased its position in shares of Blue Owl Capital by 28.1% during the fourth quarter. FMR LLC now owns 45,241,160 shares of the company’s stock valued at $1,052,309,000 after acquiring an additional 9,917,071 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Blue Owl Capital by 2.4% in the 4th quarter. JPMorgan Chase & Co. now owns 9,248,983 shares of the company’s stock valued at $215,131,000 after acquiring an additional 218,586 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Blue Owl Capital by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 8,426,251 shares of the company’s stock worth $196,060,000 after acquiring an additional 274,094 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Company Profile

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.