Blue Owl Capital (NYSE:OWL) Price Target Cut to $11.00 by Analysts at BMO Capital Markets

Blue Owl Capital (NYSE:OWL) had its target price reduced by BMO Capital Markets from $15.00 to $11.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 22.82% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Wolfe Research set a $20.00 price objective on shares of Blue Owl Capital in a research note on Wednesday, January 7th. Piper Sandler cut their target price on Blue Owl Capital from $21.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Barclays reiterated an “equal weight” rating and issued a $11.00 price target (down from $15.00) on shares of Blue Owl Capital in a research report on Monday, March 2nd. Evercore set a $14.00 price target on Blue Owl Capital in a research note on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft downgraded Blue Owl Capital from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $15.00 to $10.00 in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $16.63.

Blue Owl Capital Stock Performance

Shares of NYSE:OWL traded down $0.13 during midday trading on Tuesday, hitting $8.96. 15,686,396 shares of the stock were exchanged, compared to its average volume of 29,389,854. The business’s 50-day moving average price is $12.02 and its 200 day moving average price is $14.68. Blue Owl Capital has a 12 month low of $8.55 and a 12 month high of $21.88. The stock has a market capitalization of $13.92 billion, a price-to-earnings ratio of 89.46, a P/E/G ratio of 0.81 and a beta of 1.15.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, February 5th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. The business had revenue of $701.47 million for the quarter, compared to the consensus estimate of $712.75 million. As a group, sell-side analysts expect that Blue Owl Capital will post 0.92 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Parkside Financial Bank & Trust grew its stake in Blue Owl Capital by 117.0% in the third quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock valued at $27,000 after acquiring an additional 867 shares during the period. Arax Advisory Partners acquired a new position in shares of Blue Owl Capital during the fourth quarter worth approximately $25,000. Toronto Dominion Bank acquired a new position in shares of Blue Owl Capital during the fourth quarter worth approximately $26,000. Roxbury Financial LLC lifted its holdings in shares of Blue Owl Capital by 383.6% in the 4th quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock worth $26,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Lavaca Capital LLC acquired a new stake in Blue Owl Capital in the 4th quarter valued at $28,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Company Profile

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.