Blue Owl Capital (NYSE:OWL - Get Free Report) had its price objective cut by equities researchers at Wells Fargo & Company from $22.00 to $19.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's target price points to a potential upside of 12.06% from the company's previous close.
Several other equities research analysts also recently issued reports on OWL. TD Cowen raised Blue Owl Capital from a "hold" rating to a "buy" rating and raised their price target for the company from $26.00 to $28.00 in a research report on Thursday, January 16th. Citigroup lowered their target price on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods upped their price target on Blue Owl Capital from $22.00 to $26.00 and gave the stock a "market perform" rating in a report on Friday, December 20th. Evercore ISI raised their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Finally, JMP Securities dropped their price objective on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital presently has an average rating of "Moderate Buy" and an average price target of $24.10.
Check Out Our Latest Analysis on OWL
Blue Owl Capital Stock Performance
NYSE:OWL traded down $0.24 during trading hours on Tuesday, hitting $16.96. 15,575,195 shares of the company's stock traded hands, compared to its average volume of 6,463,190. Blue Owl Capital has a twelve month low of $14.55 and a twelve month high of $26.73. The firm has a market cap of $26.07 billion, a P/E ratio of 99.74, a P/E/G ratio of 1.23 and a beta of 1.20. The stock's fifty day moving average price is $20.62 and its two-hundred day moving average price is $22.28.
Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. On average, equities research analysts predict that Blue Owl Capital will post 0.92 earnings per share for the current year.
Institutional Trading of Blue Owl Capital
Several hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC raised its position in shares of Blue Owl Capital by 28.1% in the fourth quarter. FMR LLC now owns 45,241,160 shares of the company's stock valued at $1,052,309,000 after buying an additional 9,917,071 shares in the last quarter. Capital World Investors increased its stake 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 valued at $1,794,943,000 after acquiring an additional 9,794,102 shares in the last quarter. Cresset Asset Management LLC grew its stake in Blue Owl Capital by 4,278.0% in 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 period. Norges Bank purchased a new stake in Blue Owl Capital in the 4th quarter valued at $137,118,000. Finally, Vanguard Group Inc. increased its position in shares of Blue Owl Capital by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company's stock valued at $1,237,581,000 after acquiring an additional 5,558,868 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company's stock.
Blue Owl Capital Company Profile
(
Get Free Report)
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.
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