Blue Owl Capital (NYSE:OWL - Free Report) had its price target cut by JMP Securities from $32.00 to $28.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a market outperform rating on the stock.
Several other equities analysts have also issued reports on the company. Oppenheimer boosted their price target on Blue Owl Capital from $24.00 to $28.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Cfra Research upgraded Blue Owl Capital to a "moderate buy" rating in a research report on Thursday, March 27th. Evercore ISI boosted their target price 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. Keefe, Bruyette & Woods upped their price target on Blue Owl Capital from $22.00 to $26.00 and gave the company a "market perform" rating in a research note on Friday, December 20th. Finally, TD Cowen upgraded shares of Blue Owl Capital from a "hold" rating to a "buy" rating and increased their price objective for the company from $26.00 to $28.00 in a report on Thursday, January 16th. Four 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, the company has an average rating of "Moderate Buy" and a consensus price target of $24.10.
Check Out Our Latest Analysis on Blue Owl Capital
Blue Owl Capital Stock Down 1.4 %
Shares of NYSE:OWL traded down $0.24 on Tuesday, reaching $16.96. The company had a trading volume of 15,575,195 shares, compared to its average volume of 6,447,007. The stock has a market capitalization 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 has a 50-day moving average price of $20.62 and a 200 day moving average price of $22.28. Blue Owl Capital has a twelve month low of $14.55 and a twelve month high of $26.73.
Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.21 EPS for the quarter, hitting 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 predict that Blue Owl Capital will post 0.92 earnings per share for the current fiscal year.
Blue Owl Capital Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend was Wednesday, February 19th. Blue Owl Capital's dividend payout ratio is presently 423.53%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC lifted its position in Blue Owl Capital by 316.1% during the 4th quarter. Rothschild Investment LLC now owns 33,955 shares of the company's stock worth $790,000 after buying an additional 25,795 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Blue Owl Capital by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company's stock worth $174,829,000 after acquiring an additional 1,372,865 shares in the last quarter. Arizona State Retirement System boosted its position in Blue Owl Capital by 14.7% during the fourth quarter. Arizona State Retirement System now owns 154,708 shares of the company's stock valued at $3,599,000 after purchasing an additional 19,810 shares during the last quarter. Princeton Global Asset Management LLC bought a new position in Blue Owl Capital in the fourth quarter valued at approximately $1,773,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Blue Owl Capital by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company's stock worth $80,179,000 after purchasing an additional 106,485 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company's stock.
Blue Owl Capital Company Profile
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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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