BMO Capital Markets Upgrades Blue Owl Capital (NYSE:OWL) to Strong-Buy

Blue Owl Capital (NYSE:OWL) was upgraded by research analysts at BMO Capital Markets to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on OWL. Cowen restated a “buy” rating on shares of Blue Owl Capital in a report on Monday, August 4th. Piper Sandler increased their price target on Blue Owl Capital from $22.50 to $23.50 and gave the stock an “overweight” rating in a report on Wednesday, July 2nd. Oppenheimer increased their price target on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, July 14th. Raymond James Financial began coverage on Blue Owl Capital in a report on Monday, July 28th. They set a “market perform” rating on the stock. Finally, Evercore ISI increased their price target on Blue Owl Capital from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.56.

Blue Owl Capital Price Performance

Shares of OWL stock opened at $16.25 on Thursday. The business’s 50 day simple moving average is $18.58 and its 200 day simple moving average is $18.80. Blue Owl Capital has a one year low of $14.55 and a one year high of $26.73. The stock has a market capitalization of $25.17 billion, a PE ratio of 180.52, a PEG ratio of 1.05 and a beta of 1.13.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%.The business had revenue of $703.11 million for the quarter, compared to analysts’ expectations of $642.13 million. As a group, research analysts expect that Blue Owl Capital will post 0.92 earnings per share for the current year.

Hedge Funds Weigh In On Blue Owl Capital

Institutional investors have recently modified their holdings of the company. Banque Transatlantique SA acquired a new position in shares of Blue Owl Capital during the first quarter worth approximately $31,000. SVB Wealth LLC purchased a new stake in Blue Owl Capital in the 1st quarter valued at $38,000. Cullen Frost Bankers Inc. raised its position in Blue Owl Capital by 39.1% in the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company’s stock valued at $42,000 after buying an additional 583 shares during the last quarter. Allworth Financial LP raised its position in Blue Owl Capital by 70.5% in the 1st quarter. Allworth Financial LP now owns 2,414 shares of the company’s stock valued at $45,000 after buying an additional 998 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Blue Owl Capital by 58.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock valued at $50,000 after buying an additional 916 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

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.