Blue Owl Capital (NYSE:OWL) Rating Increased to Buy at TD Cowen

Blue Owl Capital (NYSE:OWL) was upgraded by equities research analysts at TD Cowen from a “hold” rating to a “buy” rating in a research note issued on Thursday,Briefing.com Automated Import reports. The brokerage currently has a $28.00 price target on the stock. TD Cowen’s target price suggests a potential upside of 22.32% from the stock’s previous close.

OWL has been the topic of a number of other reports. Wells Fargo & Company dropped their price target on Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Piper Sandler raised their price target on Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. JMP Securities restated a “market outperform” rating and issued a $27.00 price target on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Keefe, Bruyette & Woods raised their price target on 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. Finally, The Goldman Sachs Group downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and lowered their target price for the company from $25.00 to $24.75 in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and an average price target of $24.77.

Blue Owl Capital Stock Up 1.5 %

OWL stock opened at $22.89 on Thursday. Blue Owl Capital has a twelve month low of $14.42 and a twelve month high of $25.03. The firm has a market cap of $34.19 billion, a PE ratio of 134.65, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. The business has a 50 day moving average of $23.49 and a 200 day moving average of $20.58.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. The firm had revenue of $600.88 million for the quarter, compared to the consensus estimate of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same period last year, the business posted $0.16 EPS. On average, research analysts expect that Blue Owl Capital will post 0.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its position in Blue Owl Capital by 29.9% in the third quarter. FMR LLC now owns 35,324,089 shares of the company’s stock worth $683,874,000 after acquiring an additional 8,138,475 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Blue Owl Capital by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after buying an additional 1,372,865 shares during the period. State Street Corp boosted its position in shares of Blue Owl Capital by 5.6% during the third quarter. State Street Corp now owns 8,452,073 shares of the company’s stock valued at $163,632,000 after buying an additional 449,066 shares during the period. Geode Capital Management LLC boosted its position in shares of Blue Owl Capital by 14.2% during the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock valued at $157,870,000 after buying an additional 1,016,505 shares during the period. Finally, Westfield Capital Management Co. LP boosted its position in shares of Blue Owl Capital by 4.6% during the third quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock valued at $130,415,000 after buying an additional 293,221 shares during the period. Hedge funds and other institutional investors own 35.85% of the company’s stock.

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.