Blue Owl Capital (NYSE:OWL – Free Report) had its price target boosted by Wells Fargo & Company from $18.50 to $21.00 in a report released on Wednesday, Benzinga reports. The firm currently has an equal weight rating on the stock.
OWL has been the topic of a number of other reports. JMP Securities raised their price objective on Blue Owl Capital from $24.00 to $25.00 and gave the company a market outperform rating in a report on Wednesday. UBS Group lowered their price target 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. JPMorgan Chase & Co. reaffirmed a neutral rating and set a $18.50 price objective on shares of Blue Owl Capital in a research note on Thursday, June 13th. TD Cowen reissued a hold rating and issued a $19.00 target price (down previously from $21.50) on shares of Blue Owl Capital in a research note on Monday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on 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. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $20.90.
View Our Latest Analysis on OWL
Blue Owl Capital Price Performance
Blue Owl Capital (NYSE:OWL – Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $549.85 million during the quarter, compared to analyst estimates 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 business earned $0.16 earnings per share. As a group, research analysts anticipate that Blue Owl Capital will post 0.79 earnings per share for the current year.
Blue Owl Capital Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Wednesday, August 21st. Blue Owl Capital’s payout ratio is 450.03%.
Institutional Investors Weigh In On Blue Owl Capital
Institutional investors and hedge funds have recently modified their holdings of the stock. Transcendent Capital Group LLC purchased a new position in shares of Blue Owl Capital during the first quarter valued at about $26,000. ORG Partners LLC bought a new stake in Blue Owl Capital during the 2nd quarter valued at approximately $32,000. ORG Wealth Partners LLC purchased a new position in shares of Blue Owl Capital during the 3rd quarter worth approximately $32,000. Family Firm Inc. purchased a new position in shares of Blue Owl Capital in the 2nd quarter valued at approximately $40,000. Finally, Rothschild Investment LLC purchased a new position in Blue Owl Capital during the second quarter valued at $45,000. 35.85% of the stock is owned by hedge funds and other institutional investors.
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.
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