Blue Owl Capital (NYSE:OWL) Price Target Lowered to $24.00 at Wells Fargo & Company

Blue Owl Capital (NYSE:OWL) had its target price reduced by Wells Fargo & Company from $25.00 to $24.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 4.85% from the stock’s current price.

A number of other equities analysts have also issued reports on OWL. Evercore ISI raised their target price on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Piper Sandler upped their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. UBS Group increased their target price on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, JMP Securities restated a “market outperform” rating and issued a $27.00 price target on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average target price of $24.02.

Blue Owl Capital Price Performance

Shares of OWL opened at $22.89 on Tuesday. Blue Owl Capital has a 1-year low of $14.42 and a 1-year high of $25.03. The stock has a market cap of $34.19 billion, a PE ratio of 134.65, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. The firm has a fifty day moving average price of $23.49 and a 200 day moving average price of $20.58.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of OWL. ORG Wealth Partners LLC purchased a new stake in shares of Blue Owl Capital during the 3rd quarter worth $32,000. Versant Capital Management Inc boosted its holdings in Blue Owl Capital by 136.2% during the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock worth $45,000 after buying an additional 1,110 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Blue Owl Capital during the third quarter worth about $138,000. Wedmont Private Capital purchased a new position in Blue Owl Capital in the fourth quarter valued at about $204,000. Finally, Signaturefd LLC lifted its position in shares of Blue Owl Capital by 19.3% during the 3rd quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock valued at $177,000 after acquiring an additional 1,476 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Company Profile

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.