Blue Owl Capital (NYSE:OWL - Free Report) had its price objective boosted by Wells Fargo & Company from $23.00 to $25.00 in a report issued on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.
Other research analysts also recently issued research reports about the company. Piper Sandler increased their price target on Blue Owl Capital from $23.00 to $25.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Evercore ISI lifted their price target on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an "outperform" rating in a report on Tuesday, October 8th. Oppenheimer lifted their price target on Blue Owl Capital from $24.00 to $28.00 and gave the stock an "outperform" rating in a research report on Thursday. UBS Group boosted their target price on Blue Owl Capital from $20.00 to $27.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Blue Owl Capital currently has an average rating of "Moderate Buy" and a consensus price target of $22.98.
Get Our Latest Research Report on OWL
Blue Owl Capital Stock Down 0.9 %
Shares of NYSE:OWL traded down $0.22 during midday trading on Thursday, hitting $24.53. The stock had a trading volume of 10,546,985 shares, compared to its average volume of 5,530,866. Blue Owl Capital has a fifty-two week low of $13.01 and a fifty-two week high of $25.03. The company has a market capitalization of $36.64 billion, a P/E ratio of 145.29, a price-to-earnings-growth ratio of 1.58 and a beta of 1.14. The company's 50-day moving average price is $22.80 and its 200-day moving average price is $19.60.
Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $600.88 million during the quarter, compared to analysts' expectations of $565.93 million. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. During the same period in the prior year, the company posted $0.16 EPS. Research analysts expect that Blue Owl Capital will post 0.78 EPS for the current fiscal year.
Blue Owl Capital Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital's dividend payout ratio is presently 423.53%.
Institutional Investors Weigh In On Blue Owl Capital
Several large investors have recently bought and sold shares of OWL. ORG Partners LLC bought a new position in Blue Owl Capital in the 2nd quarter worth about $32,000. ORG Wealth Partners LLC acquired a new stake in Blue Owl Capital during the third quarter worth $32,000. Family Firm Inc. purchased a new stake in shares of Blue Owl Capital in the 2nd quarter valued at approximately $40,000. Rothschild Investment LLC acquired a new position in Blue Owl Capital during the 2nd quarter worth about $45,000. Finally, Triad Wealth Partners LLC acquired a new stake in Blue Owl Capital during the 2nd quarter worth approximately $88,000. Institutional investors own 35.85% of the company's stock.
About Blue Owl Capital
(
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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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