Blue Owl Capital (NYSE:OWL) Receives New Coverage from Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Blue Owl Capital (NYSE:OWL) in a research note released on Thursday morning, Marketbeat.com reports. The firm issued an equal weight rating and a $18.50 target price on the stock.

Several other research firms have also issued reports on OWL. TD Cowen restated a hold rating and issued a $19.00 price objective (down previously from $21.50) on shares of Blue Owl Capital in a research note on Monday, July 8th. Piper Sandler dropped their price target on Blue Owl Capital from $23.00 to $21.00 and set an overweight rating on the stock in a research note on Wednesday, July 10th. JPMorgan Chase & Co. reaffirmed a neutral rating and set a $18.50 price objective on shares of Blue Owl Capital in a research report on Thursday, June 13th. Oppenheimer raised shares of Blue Owl Capital from a market perform rating to an outperform rating and set a $21.00 price objective on the stock in a research report on Friday, August 2nd. Finally, UBS Group cut their target price on shares of Blue Owl Capital from $22.00 to $21.00 and set a buy rating for the company in a research note on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $20.10.

Blue Owl Capital Trading Up 1.3 %

NYSE OWL opened at $17.18 on Thursday. Blue Owl Capital has a 12 month low of $12.00 and a 12 month high of $20.13. The stock has a 50 day moving average of $17.66 and a 200-day moving average of $18.03. The company has a market cap of $24.55 billion, a PE ratio of 143.17, a PEG ratio of 1.02 and a beta of 1.17.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $549.85 million during the quarter, compared to the consensus estimate of $507.22 million. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. During the same quarter last year, the firm posted $0.16 EPS. As a group, sell-side analysts predict that Blue Owl Capital will post 0.79 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.19%. Blue Owl Capital’s payout ratio is presently 600.00%.

Institutional Investors Weigh In On Blue Owl Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Amalgamated Bank increased its stake in Blue Owl Capital by 34.0% during the 4th quarter. Amalgamated Bank now owns 72,225 shares of the company’s stock worth $1,076,000 after acquiring an additional 18,315 shares during the period. M&T Bank Corp grew its holdings in shares of Blue Owl Capital by 7.0% during the 4th quarter. M&T Bank Corp now owns 11,512 shares of the company’s stock worth $172,000 after purchasing an additional 753 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Blue Owl Capital by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,620,694 shares of the company’s stock worth $53,948,000 after purchasing an additional 100,188 shares during the period. Jump Financial LLC acquired a new position in Blue Owl Capital in the fourth quarter valued at about $502,000. Finally, Principal Financial Group Inc. lifted its position in Blue Owl Capital by 744.2% during the fourth quarter. Principal Financial Group Inc. now owns 326,718 shares of the company’s stock worth $4,868,000 after purchasing an additional 288,015 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

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.