Oppenheimer Cuts Blue Owl Capital (NYSE:OWL) Price Target to $15.00

Blue Owl Capital (NYSE:OWL) had its price target reduced by Oppenheimer from $16.00 to $15.00 in a research report report published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Other analysts also recently issued research reports about the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Blue Owl Capital in a research note on Thursday, June 18th. Credit Suisse Group set a $9.10 price target on Blue Owl Capital in a research note on Thursday, July 2nd. Capital One Financial set a $11.00 price objective on shares of Blue Owl Capital in a report on Monday, July 13th. The Goldman Sachs Group reduced their price objective on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Finally, BMO Capital Markets lowered their target price on shares of Blue Owl Capital from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.16.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $9.52 on Friday. Blue Owl Capital has a 52-week low of $7.95 and a 52-week high of $20.99. The firm has a market capitalization of $14.80 billion, a PE ratio of 79.33, a PEG ratio of 1.03 and a beta of 1.22. The stock has a fifty day simple moving average of $9.54 and a two-hundred day simple moving average of $10.76.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%.The business had revenue of $699.88 million for the quarter, compared to analysts’ expectations of $687.23 million. On average, sell-side analysts forecast that Blue Owl Capital will post 0.87 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a $0.23 dividend. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 9.7%. The ex-dividend date was Wednesday, May 13th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 766.67%.

Hedge Funds Weigh In On Blue Owl Capital

Institutional investors have recently bought and sold shares of the business. Kingswood Wealth Advisors LLC boosted its position in shares of Blue Owl Capital by 1.2% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 76,939 shares of the company’s stock valued at $1,149,000 after buying an additional 909 shares during the period. Halbert Hargrove Global Advisors LLC raised its holdings in shares of Blue Owl Capital by 83.5% in the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock worth $30,000 after buying an additional 910 shares during the period. VestGen Advisors LLC lifted its stake in shares of Blue Owl Capital by 5.4% during the 4th quarter. VestGen Advisors LLC now owns 17,850 shares of the company’s stock worth $267,000 after acquiring an additional 912 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Blue Owl Capital by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 190,579 shares of the company’s stock valued at $3,227,000 after acquiring an additional 1,182 shares during the period. Finally, Deutsche Bank AG boosted its holdings in Blue Owl Capital by 1.6% during the 4th quarter. Deutsche Bank AG now owns 77,962 shares of the company’s stock valued at $1,165,000 after acquiring an additional 1,222 shares during the period. Institutional investors own 35.85% of the company’s stock.

About Blue Owl Capital

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.