Blue Owl Capital (NYSE:OWL) Receives Buy Rating from Citigroup

Blue Owl Capital (NYSE:OWL)‘s stock had its “buy” rating reaffirmed by stock analysts at Citigroup in a note issued to investors on Thursday,Benzinga reports. They presently have a $30.00 price objective on the stock. Citigroup’s price objective would indicate a potential upside of 17.30% from the stock’s current price.

Several other research firms have also issued reports on OWL. Keefe, Bruyette & Woods increased 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. Deutsche Bank Aktiengesellschaft raised their price objective on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group cut shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and dropped their price target for the company from $25.00 to $24.75 in a research note on Monday, January 6th. Oppenheimer upped their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company dropped their target price on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Blue Owl Capital currently has an average rating of “Moderate Buy” and an average target price of $25.85.

Blue Owl Capital Stock Up 4.4 %

Shares of OWL opened at $25.58 on Thursday. The stock’s 50-day moving average price is $23.64 and its 200-day moving average price is $20.83. The company has a market capitalization of $38.20 billion, a price-to-earnings ratio of 150.45, a PEG ratio of 1.32 and a beta of 1.14. Blue Owl Capital has a 52 week low of $15.18 and a 52 week high of $25.61.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The business had revenue of $600.88 million for the quarter, compared to analysts’ expectations of $565.93 million. During the same quarter last year, the company earned $0.16 EPS. As a group, equities analysts anticipate that Blue Owl Capital will post 0.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Blue Owl Capital

A number of large investors have recently made changes to their positions in OWL. Kovitz Investment Group Partners LLC boosted its stake in Blue Owl Capital by 1.4% during the third quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock worth $622,000 after buying an additional 443 shares during the last quarter. Miracle Mile Advisors LLC boosted its position in shares of Blue Owl Capital by 4.1% during the 4th quarter. Miracle Mile Advisors LLC now owns 12,289 shares of the company’s stock valued at $286,000 after acquiring an additional 479 shares during the last quarter. King Luther Capital Management Corp grew its holdings in shares of Blue Owl Capital by 0.6% in the third quarter. King Luther Capital Management Corp now owns 79,919 shares of the company’s stock valued at $1,547,000 after purchasing an additional 485 shares during the period. Apollon Wealth Management LLC increased its position in Blue Owl Capital by 1.1% during the third quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company’s stock worth $1,009,000 after purchasing an additional 565 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Blue Owl Capital by 0.6% during the third quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company’s stock worth $1,851,000 after purchasing an additional 575 shares during the period. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

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.