Blue Owl Capital (NYSE:OWL) Price Target Cut to $22.00 by Analysts at Wells Fargo & Company

Blue Owl Capital (NYSE:OWL - Free Report) had its target price cut by Wells Fargo & Company from $24.00 to $22.00 in a research note published on Thursday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities research analysts have also issued reports about the company. Oppenheimer raised their target price 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. Keefe, Bruyette & Woods raised their target price on 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. Barclays assumed coverage on Blue Owl Capital in a research note on Monday, February 24th. They set an "overweight" rating and a $29.00 price target for the company. Piper Sandler boosted their price objective on Blue Owl Capital from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Monday, December 23rd. Finally, TD Cowen upgraded shares of Blue Owl Capital from a "hold" rating to a "buy" rating and increased their target price for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $26.33.

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Blue Owl Capital Trading Up 4.9 %

Shares of OWL traded up $1.01 during trading hours on Thursday, reaching $21.66. The stock had a trading volume of 7,051,830 shares, compared to its average volume of 5,932,117. Blue Owl Capital has a 12 month low of $15.18 and a 12 month high of $26.73. The company has a market capitalization of $33.31 billion, a price-to-earnings ratio of 127.43, a P/E/G ratio of 1.23 and a beta of 1.19. The firm has a 50-day simple moving average of $22.67 and a 200 day simple moving average of $22.23.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.21 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%. On average, equities analysts forecast that Blue Owl Capital will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital's dividend payout ratio is currently 423.53%.

Hedge Funds Weigh In On Blue Owl Capital

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