UBS Group Increases Blue Owl Capital (NYSE:OWL) Price Target to $27.00

Blue Owl Capital (NYSE:OWL - Free Report) had its price objective raised by UBS Group from $20.00 to $27.00 in a research note released on Tuesday morning, Benzinga reports. UBS Group currently has a buy rating on the stock.

Other analysts also recently issued reports about the stock. TD Cowen restated a "hold" rating and set a $19.00 price target (down from $21.50) on shares of Blue Owl Capital in a research report on Monday, July 8th. Evercore ISI upped their target price on Blue Owl Capital from $21.00 to $22.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lowered their price target on Blue Owl Capital from $21.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday, August 2nd. Oppenheimer upped their price objective on Blue Owl Capital from $21.00 to $24.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Finally, Piper Sandler lifted their target price on Blue Owl Capital from $20.00 to $23.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $21.65.

Blue Owl Capital Stock Down 2.5 %

OWL stock traded down $0.60 during mid-day trading on Tuesday, reaching $23.16. The company had a trading volume of 6,685,209 shares, compared to its average volume of 5,264,020. The stock's 50-day simple moving average is $18.86 and its two-hundred day simple moving average is $18.43. The stock has a market capitalization of $33.09 billion, a P/E ratio of 193.25, a P/E/G ratio of 1.29 and a beta of 1.18. Blue Owl Capital has a one year low of $12.11 and a one year high of $24.17.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $549.85 million during the quarter, compared to analysts' expectations of $507.22 million. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. During the same quarter in the prior year, the firm earned $0.16 EPS. On average, research analysts forecast that Blue Owl Capital will post 0.79 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Wednesday, August 21st. Blue Owl Capital's payout ratio is 600.00%.

Hedge Funds Weigh In On Blue Owl Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital World Investors boosted its position in shares of Blue Owl Capital by 0.3% in the first quarter. Capital World Investors now owns 63,339,128 shares of the company's stock worth $1,194,576,000 after buying an additional 163,377 shares during the period. Vanguard Group Inc. grew its stake in Blue Owl Capital by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 40,731,640 shares of the company's stock valued at $768,199,000 after acquiring an additional 250,977 shares in the last quarter. Capital International Investors increased its holdings in shares of Blue Owl Capital by 0.3% in the 1st quarter. Capital International Investors now owns 33,284,962 shares of the company's stock valued at $627,754,000 after purchasing an additional 107,321 shares during the period. Capital Research Global Investors lifted its position in shares of Blue Owl Capital by 11.9% in the first quarter. Capital Research Global Investors now owns 10,512,628 shares of the company's stock worth $198,268,000 after purchasing an additional 1,121,064 shares in the last quarter. Finally, Stone Point Capital LLC acquired a new stake in shares of Blue Owl Capital during the second quarter worth approximately $112,749,000. 35.85% of the stock is currently owned by hedge funds and other 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.