Citigroup Reaffirms Buy Rating for Blue Owl Capital (NYSE:OWL)

Blue Owl Capital (NYSE:OWL)‘s stock had its “buy” rating reissued by investment analysts at Citigroup in a report released on Thursday,Benzinga reports. They presently have a $30.00 target price on the stock. Citigroup’s price objective points to a potential upside of 17.30% from the company’s current price.

Several other research analysts have also commented on OWL. Deutsche Bank Aktiengesellschaft raised their price target on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group cut shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $24.75 in a research report on Monday, January 6th. Evercore ISI raised their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Oppenheimer upped their target price on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, TD Cowen raised shares of Blue Owl Capital from a “hold” rating to a “buy” rating and raised their price target for the company from $26.00 to $28.00 in a research report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $25.85.

Blue Owl Capital Trading Up 4.4 %

Shares of NYSE:OWL opened at $25.58 on Thursday. The company has a market capitalization of $38.20 billion, a price-to-earnings ratio of 150.45, a PEG ratio of 1.32 and a beta of 1.14. Blue Owl Capital has a 12-month low of $15.18 and a 12-month high of $25.61. The business has a 50-day moving average price of $23.64 and a 200 day moving average price of $20.83.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. The business had revenue of $600.88 million during the quarter, compared to analysts’ expectations of $565.93 million. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. During the same period last year, the business earned $0.16 earnings per share. As a group, equities research analysts predict that Blue Owl Capital will post 0.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in shares of Blue Owl Capital by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock worth $174,829,000 after acquiring an additional 1,372,865 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in Blue Owl Capital by 4.6% in the third quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock valued at $130,415,000 after purchasing an additional 293,221 shares during the last quarter. Barclays PLC raised its holdings in Blue Owl Capital by 13.7% during the third quarter. Barclays PLC now owns 1,571,806 shares of the company’s stock worth $30,430,000 after purchasing an additional 189,082 shares in the last quarter. Capital CS Group LLC purchased a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $620,000. Finally, Raymond James & Associates boosted its holdings in shares of Blue Owl Capital by 41.8% in the 3rd quarter. Raymond James & Associates now owns 308,465 shares of the company’s stock valued at $5,972,000 after buying an additional 90,998 shares in 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.