Research Analysts’ Weekly Ratings Changes for Blue Owl Capital (OWL)

Several brokerages have updated their recommendations and price targets on shares of Blue Owl Capital (NYSE: OWL) in the last few weeks:

• 4/10/2024 – Blue Owl Capital had its price target raised by analysts at Piper Sandler from $22.00 to $23.00. They now have an “overweight” rating on the stock.
• 4/9/2024 – Blue Owl Capital had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $24.00 price target on the stock.
• 4/4/2024 – Blue Owl Capital had its price target raised by analysts at Evercore ISI from $18.00 to $22.00. They now have an “outperform” rating on the stock.
• 4/4/2024 – Blue Owl Capital had its “market perform” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $19.00 price target on the stock.
• 4/2/2024 – Blue Owl Capital was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $22.00 price target on the stock, up previously from $18.00.
• 3/1/2024 – Blue Owl Capital had its price target raised by analysts at Piper Sandler from $20.00 to $22.00. They now have an “overweight” rating on the stock.

Blue Owl Capital Trading Down 0.2 %

OWL stock traded down $0.04 during midday trading on Wednesday, hitting $18.31. The company had a trading volume of 2,839,722 shares, compared to its average volume of 4,454,872. Blue Owl Capital Inc. has a 52 week low of $9.70 and a 52 week high of $19.87. The stock’s 50 day moving average price is $18.08 and its 200 day moving average price is $15.43. The stock has a market cap of $26.16 billion, a price-to-earnings ratio of 183.12, a PEG ratio of 1.17 and a beta of 1.27.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Friday, February 9th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. Blue Owl Capital had a return on equity of 17.31% and a net margin of 3.14%. The firm had revenue of $494.04 million during the quarter, compared to the consensus estimate of $438.77 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. Analysts predict that Blue Owl Capital Inc. will post 0.84 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, February 23rd were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.06%. Blue Owl Capital’s dividend payout ratio is presently 560.06%.

Insider Activity at Blue Owl Capital

In related news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $15.81, for a total value of $71,145,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 33.39% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors have recently modified their holdings of OWL. Envestnet Asset Management Inc. purchased a new stake in shares of Blue Owl Capital during the first quarter valued at $152,000. JPMorgan Chase & Co. boosted its position in shares of Blue Owl Capital by 168.4% during the first quarter. JPMorgan Chase & Co. now owns 407,381 shares of the company’s stock valued at $5,166,000 after buying an additional 255,594 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Blue Owl Capital by 8.2% during the first quarter. Bank of New York Mellon Corp now owns 780,428 shares of the company’s stock valued at $9,895,000 after buying an additional 59,124 shares during the last quarter. AlphaCrest Capital Management LLC purchased a new stake in shares of Blue Owl Capital during the first quarter valued at $131,000. Finally, Clearbridge Investments LLC purchased a new stake in shares of Blue Owl Capital during the first quarter valued at $31,838,000. 35.85% of the stock is owned by hedge funds and other institutional investors.

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.