Blue Owl Capital (NYSE:OWL) Stock Price Up 4.8% Following Analyst Upgrade

Blue Owl Capital Inc. (NYSE:OWL) traded up 4.8% during trading on Thursday after Oppenheimer raised their price target on the stock from $21.00 to $24.00. Oppenheimer currently has an outperform rating on the stock. Blue Owl Capital traded as high as $23.44 and last traded at $23.42. 4,778,356 shares were traded during mid-day trading, a decline of 8% from the average session volume of 5,217,689 shares. The stock had previously closed at $22.35.

Several other brokerages have also recently weighed in on OWL. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Evercore ISI lifted their target price on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. UBS Group cut their price target on shares of Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Piper Sandler raised their price objective on shares of Blue Owl Capital from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company increased their target price on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.15.

Institutional Investors Weigh In On Blue Owl Capital

A number of hedge funds and other institutional investors have recently modified their holdings of OWL. Affinity Wealth Management LLC increased its holdings in Blue Owl Capital by 5.3% in the third quarter. Affinity Wealth Management LLC now owns 13,347 shares of the company’s stock valued at $258,000 after buying an additional 675 shares during the last quarter. Raymond James Trust N.A. lifted its stake in Blue Owl Capital by 6.7% during the second quarter. Raymond James Trust N.A. now owns 11,217 shares of the company’s stock worth $199,000 after purchasing an additional 708 shares during the last quarter. Capital Insight Partners LLC boosted its holdings in Blue Owl Capital by 2.6% in the second quarter. Capital Insight Partners LLC now owns 32,637 shares of the company’s stock valued at $579,000 after purchasing an additional 815 shares in the last quarter. Great Diamond Partners LLC boosted its holdings in Blue Owl Capital by 2.5% in the second quarter. Great Diamond Partners LLC now owns 42,626 shares of the company’s stock valued at $757,000 after purchasing an additional 1,030 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Blue Owl Capital by 4.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,998 shares of the company’s stock valued at $479,000 after purchasing an additional 1,103 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Up 1.7 %

The company has a market cap of $34.08 billion, a price-to-earnings ratio of 198.75, a PEG ratio of 1.29 and a beta of 1.18. The business’s fifty day simple moving average is $18.72 and its two-hundred day simple moving average is $18.40.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $549.85 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned $0.16 earnings per share. Sell-side analysts predict that Blue Owl Capital Inc. will post 0.79 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were paid 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 yield of 3.02%. Blue Owl Capital’s dividend payout ratio is presently 600.00%.

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.