Wells Fargo & Company Issues Positive Forecast for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL) had its price objective increased by Wells Fargo & Company from $20.00 to $21.00 in a report issued on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities research analysts have also weighed in on OWL. JMP Securities reduced their target price on Blue Owl Capital from $32.00 to $28.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. Oppenheimer set a $24.00 target price on Blue Owl Capital and gave the stock an “outperform” rating in a report on Wednesday, April 16th. UBS Group cut their target price on Blue Owl Capital from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Citigroup cut their target price on Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, Piper Sandler cut their target price on Blue Owl Capital from $27.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $23.40.

Blue Owl Capital Stock Performance

Shares of NYSE OWL opened at $18.25 on Friday. The stock has a market cap of $28.06 billion, a price-to-earnings ratio of 107.33, a PEG ratio of 1.23 and a beta of 1.21. The business has a 50 day simple moving average of $18.63 and a 200 day simple moving average of $21.60. Blue Owl Capital has a 52 week low of $14.55 and a 52 week high of $26.73.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $620.19 million during the quarter, compared to the consensus estimate of $636.44 million. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. On average, analysts predict that Blue Owl Capital will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.93%. The ex-dividend date is Wednesday, May 14th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.18. Blue Owl Capital’s dividend payout ratio is presently 692.31%.

Institutional Trading of Blue Owl Capital

Several large investors have recently made changes to their positions in the business. Capital World Investors grew its holdings in shares of Blue Owl Capital by 14.5% during the fourth quarter. Capital World Investors now owns 77,168,640 shares of the company’s stock worth $1,794,943,000 after purchasing an additional 9,794,102 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Blue Owl Capital by 13.5% during the first quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company’s stock worth $1,210,674,000 after purchasing an additional 7,206,495 shares during the last quarter. FMR LLC boosted its holdings in Blue Owl Capital by 28.1% in the fourth quarter. FMR LLC now owns 45,241,160 shares of the company’s stock valued at $1,052,309,000 after acquiring an additional 9,917,071 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Blue Owl Capital by 4.6% in the first quarter. JPMorgan Chase & Co. now owns 9,671,728 shares of the company’s stock valued at $193,821,000 after acquiring an additional 422,745 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Blue Owl Capital by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 8,426,251 shares of the company’s stock valued at $196,060,000 after acquiring an additional 274,094 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

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.