Citigroup Has Lowered Expectations for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL) had its price objective cut by analysts at Citigroup from $30.00 to $23.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 44.36% from the company’s previous close.

OWL has been the subject of several other research reports. Barclays lowered their price objective on Blue Owl Capital from $29.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday. Piper Sandler dropped their price objective on shares of Blue Owl Capital from $27.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday. JMP Securities decreased their target price on shares of Blue Owl Capital from $32.00 to $28.00 and set a “market outperform” rating for the company in a research note on Tuesday. Cfra Research raised Blue Owl Capital to a “moderate buy” rating in a research report on Thursday, March 27th. Finally, TD Cowen raised Blue Owl Capital from a “hold” rating to a “buy” rating and raised their price objective for the company from $26.00 to $28.00 in a research report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $24.33.

Blue Owl Capital Stock Down 2.9 %

Shares of Blue Owl Capital stock traded down $0.48 on Tuesday, hitting $15.93. The stock had a trading volume of 19,235,005 shares, compared to its average volume of 6,287,729. Blue Owl Capital has a one year low of $14.55 and a one year high of $26.73. The stock’s 50-day simple moving average is $21.64 and its two-hundred day simple moving average is $22.41. The stock has a market cap of $24.50 billion, a price-to-earnings ratio of 93.72, a PEG ratio of 1.23 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, equities analysts predict that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Institutional Trading of Blue Owl Capital

Institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC raised its position in shares of Blue Owl Capital by 1.6% in the fourth quarter. Global Retirement Partners LLC now owns 25,499 shares of the company’s stock valued at $593,000 after buying an additional 413 shares during the last quarter. Dynasty Wealth Management LLC grew its position in shares of Blue Owl Capital by 0.5% in the fourth quarter. Dynasty Wealth Management LLC now owns 78,580 shares of the company’s stock valued at $1,828,000 after purchasing an additional 417 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Blue Owl Capital by 43.3% in the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock valued at $36,000 after purchasing an additional 428 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its position 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 in the last quarter. Finally, Principal Securities Inc. boosted its stake in Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock worth $45,000 after buying an additional 450 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

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.