JMP Securities Reiterates "Market Outperform" Rating for Blue Owl Capital (NYSE:OWL)

JMP Securities restated their market outperform rating on shares of Blue Owl Capital (NYSE:OWL - Free Report) in a report issued on Friday morning,Benzinga reports. They currently have a $32.00 price objective on the stock, up from their prior price objective of $30.00.

A number of other research analysts also recently weighed in on OWL. UBS Group upped their price objective on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods boosted 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 note on Friday, December 20th. The Goldman Sachs Group cut shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and cut their target price for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. Evercore ISI increased their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Friday, January 17th. Finally, Wells Fargo & Company cut their price objective on shares of Blue Owl Capital from $25.00 to $24.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $26.27.

Blue Owl Capital Stock Down 0.6 %

Shares of OWL traded down $0.15 during trading hours on Friday, reaching $23.61. 2,917,260 shares of the company traded hands, compared to its average volume of 6,450,929. The stock has a market capitalization of $35.25 billion, a P/E ratio of 138.86, a P/E/G ratio of 1.34 and a beta of 1.15. Blue Owl Capital has a 12-month low of $15.18 and a 12-month high of $26.73. The business has a fifty day moving average price of $24.06 and a 200-day moving average price of $21.47.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. As a group, research analysts predict that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Wednesday, February 19th. Blue Owl Capital's dividend payout ratio is currently 423.55%.

Institutional Trading of Blue Owl Capital

Several institutional investors and hedge funds have recently modified their holdings of OWL. FMR LLC increased its position in Blue Owl Capital by 29.9% during 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. JPMorgan Chase & Co. increased its position 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 purchasing an additional 1,372,865 shares during the last quarter. State Street Corp increased its position in Blue Owl Capital by 5.6% during the third quarter. State Street Corp now owns 8,452,073 shares of the company's stock worth $163,632,000 after purchasing an additional 449,066 shares during the last quarter. Geode Capital Management LLC increased its position in Blue Owl Capital by 14.2% during the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company's stock worth $157,870,000 after purchasing an additional 1,016,505 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its position in Blue Owl Capital by 4.6% during the third quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company's stock worth $130,415,000 after purchasing an additional 293,221 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

About Blue Owl Capital

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.