Blue Owl Capital (NYSE:OWL - Free Report) had its target price decreased by Piper Sandler from $27.00 to $21.00 in a report published on Tuesday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.
Other research analysts have also recently issued research reports about the stock. JMP Securities reiterated a "market outperform" rating and issued a $32.00 target price (up previously from $30.00) on shares of Blue Owl Capital in a research note on Friday, February 7th. Cfra Research raised shares of Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. Keefe, Bruyette & Woods upped their price objective on Blue Owl Capital from $22.00 to $26.00 and gave the company a "market perform" rating in a report on Friday, December 20th. 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 report on Thursday, January 16th. Finally, Wells Fargo & Company dropped their price target on Blue Owl Capital from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 20th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Blue Owl Capital presently has an average rating of "Moderate Buy" and a consensus price target of $24.10.
Check Out Our Latest Stock Report on Blue Owl Capital
Blue Owl Capital Stock Performance
Shares of OWL stock traded down $0.24 during trading hours on Tuesday, hitting $16.96. The company had a trading volume of 15,575,195 shares, compared to its average volume of 6,447,007. The firm has a market capitalization of $26.07 billion, a price-to-earnings ratio of 99.74, a PEG ratio of 1.23 and a beta of 1.20. Blue Owl Capital has a 12 month low of $14.55 and a 12 month high of $26.73. The firm's fifty day moving average is $20.62 and its 200 day moving average is $22.28.
Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, meeting analysts' consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, sell-side analysts expect that Blue Owl Capital will post 0.92 EPS for the current fiscal year.
Blue Owl Capital Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors 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 yield of 4.25%. The ex-dividend date was Wednesday, February 19th. Blue Owl Capital's payout ratio is currently 423.53%.
Institutional Trading of Blue Owl Capital
Several institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC boosted its holdings in shares of Blue Owl Capital by 1.6% during the fourth quarter. Global Retirement Partners LLC now owns 25,499 shares of the company's stock worth $593,000 after acquiring an additional 413 shares during the period. Dynasty Wealth Management LLC lifted its holdings in Blue Owl Capital by 0.5% during the 4th quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company's stock worth $1,828,000 after purchasing an additional 417 shares during the last quarter. Allworth Financial LP boosted its stake in Blue Owl Capital by 43.3% in the 4th quarter. Allworth Financial LP now owns 1,416 shares of the company's stock valued at $36,000 after purchasing an additional 428 shares during the period. Kovitz Investment Group Partners LLC grew its holdings in Blue Owl Capital by 1.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company's stock valued at $622,000 after buying an additional 443 shares in the last quarter. Finally, Principal Securities Inc. increased its position in Blue Owl Capital by 30.6% during the 4th quarter. Principal Securities Inc. now owns 1,921 shares of the company's stock worth $45,000 after buying an additional 450 shares during the period. Institutional investors own 35.85% of the company's stock.
Blue Owl Capital Company Profile
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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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