Blue Owl Capital (NYSE:OWL) Stock Price Target Lowered at BMO Capital Markets

Blue Owl Capital (NYSE:OWL) had its target price cut by research analysts at BMO Capital Markets from $12.00 to $11.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets‘s price target would indicate a potential upside of 18.22% from the company’s current price.

OWL has been the topic of several other reports. Weiss Ratings restated a “hold (c-)” rating on shares of Blue Owl Capital in a report on Monday, September 14th. Piper Sandler lowered their target price on shares of Blue Owl Capital from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Credit Suisse Group set a $9.10 target price on shares of Blue Owl Capital in a research report on Thursday, July 2nd. The Goldman Sachs Group increased their price target on Blue Owl Capital from $9.50 to $10.50 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Oppenheimer raised their price target on Blue Owl Capital from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $13.27.

Blue Owl Capital Trading Down 0.4%

Shares of OWL traded down $0.04 during trading hours on Tuesday, hitting $9.30. 7,799,240 shares of the stock traded hands, compared to its average volume of 24,552,637. The business has a fifty day moving average of $10.22 and a 200-day moving average of $10.48. The firm has a market capitalization of $14.51 billion, a PE ratio of 77.55, a price-to-earnings-growth ratio of 1.14 and a beta of 1.35. Blue Owl Capital has a 1-year low of $7.95 and a 1-year high of $17.17.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%. The firm had revenue of $693.56 million during the quarter, compared to analysts’ expectations of $693.15 million. As a group, equities research analysts expect that Blue Owl Capital will post 0.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Blue Owl Capital

Several large investors have recently bought and sold shares of the company. Hedeker Wealth LLC grew its holdings in shares of Blue Owl Capital by 14.8% in the 3rd quarter. Hedeker Wealth LLC now owns 19,064 shares of the company’s stock valued at $173,000 after buying an additional 2,459 shares during the period. Leeward Investments LLC MA raised its stake in Blue Owl Capital by 20.9% during the 3rd quarter. Leeward Investments LLC MA now owns 634,941 shares of the company’s stock worth $5,772,000 after buying an additional 109,569 shares during the period. Signaturefd LLC lifted its holdings in Blue Owl Capital by 31.0% during the third quarter. Signaturefd LLC now owns 42,327 shares of the company’s stock worth $385,000 after acquiring an additional 10,008 shares in the last quarter. Citizens Financial Group Inc. RI lifted its holdings in Blue Owl Capital by 11.1% during the third quarter. Citizens Financial Group Inc. RI now owns 30,401 shares of the company’s stock worth $276,000 after acquiring an additional 3,033 shares in the last quarter. Finally, Simplicity Wealth LLC lifted its holdings in Blue Owl Capital by 17.4% during the third quarter. Simplicity Wealth LLC now owns 145,211 shares of the company’s stock worth $1,320,000 after acquiring an additional 21,536 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

About Blue Owl Capital

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.