Blue Owl Capital (NYSE:OWL) Given New $24.00 Price Target at Deutsche Bank Aktiengesellschaft

Blue Owl Capital (NYSE:OWL - Get Free Report) had its price target lifted by equities research analysts at Deutsche Bank Aktiengesellschaft from $23.00 to $24.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective would suggest a potential upside of 11.89% from the stock's current price.

A number of other equities research analysts also recently issued reports on the company. TD Cowen reiterated a "hold" rating and issued a $19.00 price objective (down previously from $21.50) on shares of Blue Owl Capital in a research report on Monday, July 8th. Evercore ISI increased their price target on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an "outperform" rating in a research report on Tuesday, October 8th. Oppenheimer boosted their price objective on shares of Blue Owl Capital from $21.00 to $24.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. JMP Securities increased their target price on shares of Blue Owl Capital from $24.00 to $25.00 and gave the company a "market outperform" rating in a report on Wednesday, October 9th. Finally, UBS Group upped their price target on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $22.15.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock traded down $0.91 during mid-day trading on Friday, hitting $21.45. 9,080,473 shares of the stock were exchanged, compared to its average volume of 5,336,298. The company has a market capitalization of $31.39 billion, a P/E ratio of 134.07, a P/E/G ratio of 1.49 and a beta of 1.18. The company has a 50-day simple moving average of $19.81 and a 200 day simple moving average of $18.68. Blue Owl Capital has a 12 month low of $12.24 and a 12 month high of $24.17.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, meeting analysts' consensus estimates of $0.19. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. The company had revenue of $549.85 million for the quarter, compared to analysts' expectations of $507.22 million. During the same period in the prior year, the company posted $0.16 EPS. Analysts predict that Blue Owl Capital will post 0.78 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Verdence Capital Advisors LLC boosted its holdings in shares of Blue Owl Capital by 16.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 114,901 shares of the company's stock valued at $2,224,000 after buying an additional 16,571 shares in the last quarter. SpiderRock Advisors LLC boosted its stake in Blue Owl Capital by 2.3% during the third quarter. SpiderRock Advisors LLC now owns 30,630 shares of the company's stock worth $593,000 after acquiring an additional 701 shares in the last quarter. M&G PLC bought a new position in Blue Owl Capital during the 3rd quarter valued at approximately $14,720,000. Concurrent Investment Advisors LLC purchased a new stake in shares of Blue Owl Capital in the third quarter worth $1,001,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in Blue Owl Capital during the 3rd quarter valued at about $839,000. Hedge funds and other institutional investors own 35.85% of the company's stock.

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.