Blue Owl Capital (NYSE:OWL – Get Free Report) had its target price decreased by equities researchers at Citizens Jmp from $21.00 to $17.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp’s price target suggests a potential upside of 81.51% from the company’s current price.
A number of other analysts have also recently issued reports on the company. BMO Capital Markets dropped their price objective on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. Credit Suisse Group set a $9.10 target price on shares of Blue Owl Capital in a research report on Thursday, July 2nd. Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. Oppenheimer decreased their price objective on Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Finally, The Goldman Sachs Group dropped their price target on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.37.
View Our Latest Analysis on Blue Owl Capital
Blue Owl Capital Stock Performance
Blue Owl Capital (NYSE:OWL – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. The business had revenue of $699.88 million during the quarter, compared to the consensus estimate of $687.23 million. As a group, sell-side analysts forecast that Blue Owl Capital will post 0.87 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of Blue Owl Capital by 16.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,572,226 shares of the company’s stock valued at $195,920,000 after acquiring an additional 1,667,608 shares during the last quarter. Elevation Point Wealth Partners LLC lifted its position in shares of Blue Owl Capital by 5,256.9% during the third quarter. Elevation Point Wealth Partners LLC now owns 374,236 shares of the company’s stock worth $6,336,000 after purchasing an additional 367,250 shares during the last quarter. Hsbc Holdings PLC boosted its position in Blue Owl Capital by 129.4% in the 4th quarter. Hsbc Holdings PLC now owns 239,674 shares of the company’s stock valued at $3,590,000 after buying an additional 135,184 shares during the period. Aquatic Capital Management LLC boosted its holdings in shares of Blue Owl Capital by 44.5% in the third quarter. Aquatic Capital Management LLC now owns 371,965 shares of the company’s stock valued at $6,297,000 after purchasing an additional 114,564 shares during the period. Finally, Verity & Verity LLC grew its position in shares of Blue Owl Capital by 45.2% during the 4th quarter. Verity & Verity LLC now owns 1,036,594 shares of the company’s stock worth $15,487,000 after buying an additional 322,530 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.
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.
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