Blue Owl Capital (NYSE:OWL) Price Target Lowered to $24.00 at Wells Fargo & Company

Blue Owl Capital (NYSE:OWL - Free Report) had its price target lowered by Wells Fargo & Company from $25.00 to $24.00 in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

OWL has been the subject of several other reports. Keefe, Bruyette & Woods raised their target price on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a "market perform" rating in a research report on Friday, December 20th. Oppenheimer lifted their price target on Blue Owl Capital from $24.00 to $28.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. JMP Securities restated a "market outperform" rating and set a $27.00 target price on shares of Blue Owl Capital in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group lowered shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $24.02.

Blue Owl Capital Price Performance

OWL traded up $0.15 during midday trading on Tuesday, reaching $22.51. 3,357,730 shares of the company's stock traded hands, compared to its average volume of 5,688,990. Blue Owl Capital has a 52 week low of $14.42 and a 52 week high of $25.03. The firm has a fifty day moving average of $23.49 and a two-hundred day moving average of $20.58. The stock has a market capitalization of $33.62 billion, a price-to-earnings ratio of 132.42, a P/E/G ratio of 1.66 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting 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 analysts' expectations of $565.93 million. During the same period in the previous year, the firm earned $0.16 earnings per share. Sell-side analysts forecast that Blue Owl Capital will post 0.78 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors 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 3.20%. The ex-dividend date was Monday, November 11th. Blue Owl Capital's dividend payout ratio (DPR) is currently 423.53%.

Hedge Funds Weigh In On Blue Owl Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OWL. FMR LLC raised its stake in shares of Blue Owl Capital by 29.9% in the third quarter. FMR LLC now owns 35,324,089 shares of the company's stock worth $683,874,000 after purchasing an additional 8,138,475 shares during the last quarter. Stone Point Capital LLC bought a new stake in Blue Owl Capital in the 2nd quarter worth about $112,749,000. Point72 Asset Management L.P. raised its position in Blue Owl Capital by 69.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company's stock worth $73,035,000 after buying an additional 1,683,408 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Blue Owl Capital by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock valued at $174,829,000 after acquiring an additional 1,372,865 shares during the period. Finally, Point72 Europe London LLP purchased a new stake in shares of Blue Owl Capital during the 2nd quarter valued at about $21,243,000. 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.