Barclays Begins Coverage on Blue Owl Capital (NYSE:OWL)

Analysts at Barclays initiated coverage on shares of Blue Owl Capital (NYSE:OWL) in a research note issued on Monday, Marketbeat reports. The firm set an “overweight” rating and a $29.00 price target on the stock. Barclays‘s price target would suggest a potential upside of 36.50% from the company’s previous close.

A number of other research analysts have also recently issued reports on the company. Keefe, Bruyette & Woods raised their price objective on Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Oppenheimer upped their price target on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JMP Securities reissued a “market outperform” rating and issued a $32.00 target price (up from $30.00) on shares of Blue Owl Capital in a research note on Friday, February 7th. Finally, Piper Sandler upped their price target on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average price target of $26.48.

Blue Owl Capital Stock Down 2.4 %

Shares of OWL stock opened at $21.25 on Monday. The business has a 50-day moving average price of $23.89 and a two-hundred day moving average price of $21.90. Blue Owl Capital has a 12-month low of $15.18 and a 12-month high of $26.73. The firm has a market cap of $31.73 billion, a P/E ratio of 124.98, a price-to-earnings-growth ratio of 1.23 and a beta of 1.15.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, research analysts expect that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OWL. Creative Planning raised its position in shares of Blue Owl Capital by 4.1% in the 3rd quarter. Creative Planning now owns 52,847 shares of the company’s stock worth $1,023,000 after purchasing an additional 2,076 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Blue Owl Capital by 41.8% in the third quarter. Raymond James & Associates now owns 308,465 shares of the company’s stock worth $5,972,000 after buying an additional 90,998 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Blue Owl Capital by 19.3% during the third quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock valued at $177,000 after buying an additional 1,476 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Blue Owl Capital by 2.3% during the third quarter. Private Advisor Group LLC now owns 38,986 shares of the company’s stock valued at $755,000 after acquiring an additional 885 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC raised its holdings in Blue Owl Capital by 88.3% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 24,461 shares of the company’s stock worth $474,000 after acquiring an additional 11,469 shares during the last quarter. Hedge funds and other institutional investors 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.