Wells Fargo & Company Cuts Blue Owl Capital (NYSE:OWL) Price Target to $22.00

Blue Owl Capital (NYSE:OWL) had its price target lowered by Wells Fargo & Company from $24.00 to $22.00 in a research note released on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

OWL has been the subject of a number of other reports. The Goldman Sachs Group cut shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $25.00 to $24.75 in a research report on Monday, January 6th. Piper Sandler raised their price objective on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Citigroup restated a “buy” rating and set a $30.00 price objective on shares of Blue Owl Capital in a report on Thursday, January 23rd. Oppenheimer raised their price target on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, Evercore ISI upped their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.

Blue Owl Capital Trading Up 0.2 %

Shares of OWL opened at $20.69 on Thursday. The firm has a market capitalization of $31.81 billion, a P/E ratio of 121.68, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19. Blue Owl Capital has a twelve month low of $15.18 and a twelve month high of $26.73. The stock’s fifty day simple moving average is $22.67 and its 200 day simple moving average is $22.19.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. Sell-side analysts predict that Blue Owl Capital will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 19th were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $0.72 dividend on an annualized basis and a yield of 3.48%. Blue Owl Capital’s payout ratio is currently 423.53%.

Institutional Investors Weigh In On Blue Owl Capital

Several large investors have recently added to or reduced their stakes in OWL. FMR LLC boosted its position in shares of Blue Owl Capital by 28.1% during the fourth quarter. FMR LLC now owns 45,241,160 shares of the company’s stock worth $1,052,309,000 after buying an additional 9,917,071 shares during the period. Capital World Investors grew its holdings in shares of Blue Owl Capital by 14.5% in the 4th quarter. Capital World Investors now owns 77,168,640 shares of the company’s stock worth $1,794,943,000 after acquiring an additional 9,794,102 shares during the last quarter. Cresset Asset Management LLC increased its stake in Blue Owl Capital by 4,278.0% in the 4th quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company’s stock worth $140,794,000 after purchasing an additional 5,914,804 shares in the last quarter. Norges Bank acquired a new position in shares of Blue Owl Capital in the fourth quarter worth about $137,118,000. Finally, Vanguard Group Inc. boosted its stake in Blue Owl Capital by 11.7% in the 4th quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company’s stock worth $1,237,581,000 after purchasing an additional 5,558,868 shares during the period. 35.85% of the stock is owned by institutional investors and hedge funds.

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.