Wells Fargo & Company Has Lowered Expectations for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL) had its price objective reduced by Wells Fargo & Company from $25.00 to $24.00 in a research report released on Tuesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other equities research analysts have also recently commented on OWL. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group lowered Blue Owl Capital from a “buy” rating to a “neutral” rating and cut their price target for the company from $25.00 to $24.75 in a report on Monday, January 6th. Keefe, Bruyette & Woods lifted their target price on Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Piper Sandler upped their price target on Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $27.00 price objective on shares of Blue Owl Capital in a report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.77.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $23.46 on Tuesday. The company’s 50 day simple moving average is $23.48 and its 200 day simple moving average is $20.59. Blue Owl Capital has a fifty-two week low of $14.85 and a fifty-two week high of $25.03. The firm has a market capitalization of $35.03 billion, a price-to-earnings ratio of 137.98, a PEG ratio of 1.29 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, hitting 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 business had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. During the same quarter last year, the firm earned $0.16 EPS. As a group, analysts predict that Blue Owl Capital will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were paid a dividend of $0.18 per share. The ex-dividend date was Monday, November 11th. This represents a $0.72 annualized dividend and a dividend yield of 3.07%. Blue Owl Capital’s dividend payout ratio is presently 423.55%.

Hedge Funds Weigh In On Blue Owl Capital

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in Blue Owl Capital by 17.9% in 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. Stone Point Capital LLC acquired a new position in shares of Blue Owl Capital during the 2nd quarter worth approximately $112,749,000. Westfield Capital Management Co. LP raised its stake in Blue Owl Capital by 4.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock valued at $130,415,000 after acquiring an additional 293,221 shares during the period. Barclays PLC raised its stake in Blue Owl Capital by 13.7% in the 3rd quarter. Barclays PLC now owns 1,571,806 shares of the company’s stock valued at $30,430,000 after acquiring an additional 189,082 shares during the period. Finally, Capital CS Group LLC bought a new stake in Blue Owl Capital in the 4th quarter valued at $620,000. Institutional investors own 35.85% of the company’s stock.

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.