Blue Owl Capital’s (OWL) “Market Outperform” Rating Reaffirmed at JMP Securities

Blue Owl Capital (NYSE:OWL)‘s stock had its “market outperform” rating reiterated by investment analysts at JMP Securities in a research note issued on Friday,Benzinga reports. They presently have a $32.00 price target on the stock, up from their prior price target of $30.00. JMP Securities’ price target points to a potential upside of 35.34% from the stock’s previous close.

OWL has been the subject of several other reports. Deutsche Bank Aktiengesellschaft raised their price target on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer lifted their price target on Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Evercore ISI lifted their price target on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Citigroup reiterated a “buy” rating and set a $30.00 target price on shares of Blue Owl Capital in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods lifted their target price on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.27.

Blue Owl Capital Price Performance

OWL traded down $1.13 on Friday, reaching $23.65. 3,920,283 shares of the company’s stock were exchanged, compared to its average volume of 6,439,623. Blue Owl Capital has a twelve month low of $15.18 and a twelve month high of $26.73. The stock has a market cap of $35.31 billion, a PE ratio of 138.75, a P/E/G ratio of 1.41 and a beta of 1.15. The stock’s fifty day moving average price is $24.05 and its 200-day moving average price is $21.39.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, February 6th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. As a group, research analysts predict that Blue Owl Capital will post 0.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in OWL. The Manufacturers Life Insurance Company increased its stake in Blue Owl Capital by 19.3% in the second quarter. The Manufacturers Life Insurance Company now owns 99,866 shares of the company’s stock valued at $1,773,000 after acquiring an additional 16,189 shares during the period. Creative Planning grew its stake in shares of Blue Owl Capital by 25.2% during the second quarter. Creative Planning now owns 50,771 shares of the company’s stock valued at $901,000 after purchasing an additional 10,224 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Blue Owl Capital during the second quarter valued at approximately $1,035,000. ORG Wealth Partners LLC bought a new stake in shares of Blue Owl Capital during the third quarter valued at approximately $32,000. Finally, Affinity Wealth Management LLC grew its stake in shares of Blue Owl Capital by 5.3% during the third quarter. Affinity Wealth Management LLC now owns 13,347 shares of the company’s stock valued at $258,000 after purchasing an additional 675 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

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.