Blue Owl Capital (NYSE:OWL) Price Target Raised to $26.00 at Evercore ISI

Blue Owl Capital (NYSE:OWLGet Free Report) had its target price raised by investment analysts at Evercore ISI from $25.00 to $26.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Evercore ISI’s price objective indicates a potential upside of 8.51% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. 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. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 price objective on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Wells Fargo & Company reduced 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 report on Tuesday. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.10.

Check Out Our Latest Report on OWL

Blue Owl Capital Stock Performance

NYSE:OWL traded up $0.56 during trading hours on Friday, hitting $23.96. The company’s stock had a trading volume of 1,142,688 shares, compared to its average volume of 6,006,567. The company has a market capitalization of $35.79 billion, a PE ratio of 140.93, a PEG ratio of 1.29 and a beta of 1.14. Blue Owl Capital has a 52-week low of $14.85 and a 52-week high of $25.03. The business’s 50-day moving average is $23.49 and its two-hundred day moving average is $20.61.

Blue Owl Capital (NYSE:OWLGet Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The firm had revenue of $600.88 million during the quarter, compared to analysts’ expectations of $565.93 million. During the same quarter last year, the business earned $0.16 earnings per share. As a group, analysts predict that Blue Owl Capital will post 0.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in 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 purchasing an additional 1,372,865 shares during the last quarter. Stone Point Capital LLC acquired a new position in shares of Blue Owl Capital in the 2nd quarter valued at about $112,749,000. Westfield Capital Management Co. LP raised its stake in 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 worth $130,415,000 after acquiring an additional 293,221 shares during the period. Barclays PLC lifted its holdings in Blue Owl Capital by 13.7% in the third quarter. Barclays PLC now owns 1,571,806 shares of the company’s stock worth $30,430,000 after acquiring an additional 189,082 shares during the last quarter. Finally, Capital CS Group LLC bought a new position in Blue Owl Capital in the fourth quarter worth about $620,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Company Profile

(Get Free Report)

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.

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