Citigroup Has Lowered Expectations for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL - Get Free Report) had its price target reduced by investment analysts at Citigroup from $30.00 to $23.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Citigroup's price target indicates a potential upside of 35.65% from the stock's current price.

OWL has been the topic of a number of other research reports. Evercore ISI lifted their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Friday, January 17th. Oppenheimer upped their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Piper Sandler cut their target price on Blue Owl Capital from $27.00 to $21.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company lowered their price target on Blue Owl Capital from $24.00 to $22.00 and set an "equal weight" rating on the stock in a report on Thursday, March 20th. Finally, Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a report on Thursday, March 27th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and an average target price of $24.10.

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Blue Owl Capital Stock Down 1.4 %

NYSE:OWL traded down $0.24 during mid-day trading on Tuesday, hitting $16.96. 15,575,195 shares of the company traded hands, compared to its average volume of 6,463,190. The stock's fifty day moving average price is $20.62 and its 200-day moving average price is $22.28. The firm has a market cap of $26.07 billion, a price-to-earnings ratio of 99.74, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. Blue Owl Capital has a one year low of $14.55 and a one year high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released 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 net margin of 4.77% and a return on equity of 20.82%. Equities analysts predict that Blue Owl Capital will post 0.92 EPS for the current year.

Institutional Investors Weigh In On Blue Owl Capital

Large investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of Blue Owl Capital by 28.1% in the 4th quarter. FMR LLC now owns 45,241,160 shares of the company's stock worth $1,052,309,000 after purchasing an additional 9,917,071 shares during the period. Capital World Investors boosted its stake in Blue Owl Capital by 14.5% during the fourth quarter. Capital World Investors now owns 77,168,640 shares of the company's stock worth $1,794,943,000 after buying an additional 9,794,102 shares during the period. Cresset Asset Management LLC increased its position in Blue Owl Capital by 4,278.0% during the fourth quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company's stock valued at $140,794,000 after acquiring an additional 5,914,804 shares during the last quarter. Norges Bank purchased a new stake in shares of Blue Owl Capital in the fourth quarter valued at $137,118,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Blue Owl Capital by 11.7% in the 4th quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock worth $1,237,581,000 after acquiring an additional 5,558,868 shares during the last quarter. 35.85% of the stock is owned by institutional investors.

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.