Blue Owl Capital (NYSE:OWL) Price Target Raised to $10.50

Blue Owl Capital (NYSE:OWL) had its price objective raised by The Goldman Sachs Group from $9.50 to $10.50 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

OWL has been the subject of a number of other research reports. TD Cowen lifted their target price on Blue Owl Capital from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Monday, October 12th. Citigroup restated a “market outperform” rating on shares of Blue Owl Capital in a research note on Thursday, September 24th. Evercore reaffirmed an “outperform” rating and set a $12.00 price target on shares of Blue Owl Capital in a report on Friday, October 30th. BMO Capital Markets dropped their price objective on Blue Owl Capital from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 27th. Finally, Citizens Jmp reduced their price objective on Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating for the company in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Blue Owl Capital currently has an average rating of “Moderate Buy” and an average target price of $12.89.

Blue Owl Capital Stock Up 3.1%

NYSE:OWL opened at $10.65 on Monday. The stock has a market cap of $16.61 billion, a price-to-earnings ratio of 76.11, a PEG ratio of 1.15 and a beta of 1.31. The company’s 50 day moving average price is $10.01 and its 200-day moving average price is $10.29. Blue Owl Capital has a 52 week low of $7.95 and a 52 week high of $17.00.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $752.60 million during the quarter, compared to analyst estimates of $698.10 million. Blue Owl Capital had a net margin of 3.08% and a return on equity of 24.70%. As a group, sell-side analysts anticipate that Blue Owl Capital will post 0.89 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Tuesday, November 10th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 8.6%. The ex-dividend date of this dividend is Tuesday, November 10th. Blue Owl Capital’s dividend payout ratio is currently 657.14%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OWL. Bank of New York Mellon Corp bought a new position in shares of Blue Owl Capital in the second quarter worth about $54,883,000. Renaissance Technologies LLC lifted its holdings in Blue Owl Capital by 2,107.1% during the 1st quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock valued at $55,375,000 after buying an additional 5,790,400 shares in the last quarter. Estuary Capital Management LP boosted its position in Blue Owl Capital by 338.9% in the 1st quarter. Estuary Capital Management LP now owns 4,197,297 shares of the company’s stock valued at $38,321,000 after buying an additional 3,241,040 shares during the period. Lalia Capital LLC purchased a new stake in Blue Owl Capital in the 2nd quarter valued at about $34,952,000. Finally, OMERS ADMINISTRATION Corp bought a new position in Blue Owl Capital in the 2nd quarter worth about $34,481,000. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Company Profile

Blue Owl Capital Inc (NYSE: OWL) is an alternative asset manager that provides private-market investment solutions to institutional investors, financial professionals, and other clients. The company focuses on strategies designed to deliver income, long-term capital appreciation, and customized exposure to private markets.

Blue Owl operates across three primary platforms: Credit, GP Strategic Capital, and Real Estate. Its credit business provides private financing to companies, including direct lending and other asset-backed and specialty finance strategies.