Blue Owl Capital (NYSE:OWL) Research Coverage Started at Barclays

Barclays started coverage on shares of Blue Owl Capital (NYSE:OWL) in a research report sent to investors on Monday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $29.00 price target on the stock.

A number of other equities analysts have also recently issued reports on the stock. 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 report on Monday, January 6th. Wells Fargo & Company dropped 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 research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft upped their target price on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 1st. TD Cowen raised Blue Owl Capital from a “hold” rating to a “buy” rating and raised their price target for the stock from $26.00 to $28.00 in a research report on Thursday, January 16th. Finally, Evercore ISI upped their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.48.

Blue Owl Capital Price Performance

Shares of NYSE:OWL opened at $21.68 on Monday. Blue Owl Capital has a 12 month low of $15.18 and a 12 month high of $26.73. The firm has a market capitalization of $32.38 billion, a price-to-earnings ratio of 127.54, a price-to-earnings-growth ratio of 1.23 and a beta of 1.15. The business’s 50 day simple moving average is $23.87 and its 200-day simple moving average is $21.90.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. On average, equities analysts anticipate that Blue Owl Capital will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $0.72 annualized dividend and a dividend yield of 3.32%. Blue Owl Capital’s payout ratio is currently 423.53%.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors have recently bought and sold shares of the stock. Capital World Investors boosted its holdings in shares of Blue Owl Capital by 14.5% in the 4th quarter. Capital World Investors now owns 77,168,640 shares of the company’s stock valued at $1,794,943,000 after purchasing an additional 9,794,102 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Blue Owl Capital by 11.7% in the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company’s stock valued at $1,237,581,000 after acquiring an additional 5,558,868 shares during the last quarter. FMR LLC grew its position in Blue Owl Capital by 28.1% during the fourth quarter. FMR LLC now owns 45,241,160 shares of the company’s stock valued at $1,052,309,000 after acquiring an additional 9,917,071 shares during the period. JPMorgan Chase & Co. grew its position in Blue Owl Capital by 2.4% during the fourth quarter. JPMorgan Chase & Co. now owns 9,248,983 shares of the company’s stock valued at $215,131,000 after acquiring an additional 218,586 shares during the period. Finally, State Street Corp increased its stake 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 acquiring an additional 449,066 shares during the last quarter. 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.