Analysts Set Blue Owl Capital Inc. (NYSE:OWL) Target Price at $22.00

Blue Owl Capital Inc. (NYSE:OWL) has earned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $22.00.

Several brokerages have recently commented on OWL. JPMorgan Chase & Co. raised their target price on Blue Owl Capital from $21.50 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Oppenheimer set a $25.00 price objective on Blue Owl Capital and gave the company an “outperform” rating in a report on Friday, October 31st. Evercore ISI reduced their price target on shares of Blue Owl Capital from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. The Goldman Sachs Group lowered their price objective on shares of Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Blue Owl Capital in a report on Wednesday, October 8th.

Blue Owl Capital Stock Up 1.0%

NYSE OWL opened at $16.22 on Friday. The company has a market capitalization of $25.30 billion, a price-to-earnings ratio of 270.38, a PEG ratio of 1.22 and a beta of 1.13. Blue Owl Capital has a twelve month low of $13.25 and a twelve month high of $26.73. The stock has a fifty day simple moving average of $15.68 and a 200 day simple moving average of $17.84.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $687.00 million for the quarter, compared to the consensus estimate of $685.95 million. Blue Owl Capital had a net margin of 1.89% and a return on equity of 20.05%. Research analysts expect that Blue Owl Capital will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were paid a dividend of $0.225 per share. The ex-dividend date was Monday, November 10th. This represents a $0.90 dividend on an annualized basis and a yield of 5.5%. Blue Owl Capital’s payout ratio is 1,500.00%.

Insider Buying and Selling

In related news, insider Craig Packer bought 110,227 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were bought at an average price of $15.06 per share, with a total value of $1,660,018.62. Following the completion of the transaction, the insider directly owned 94,000 shares in the company, valued at approximately $1,415,640. This represents a -679.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Marc S. Lipschultz purchased 69,663 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were bought at an average price of $15.06 per share, with a total value of $1,049,124.78. Following the acquisition, the chief executive officer directly owned 79,000 shares of the company’s stock, valued at $1,189,740. This represents a 746.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 395,670 shares of company stock valued at $5,952,393. Company insiders own 27.44% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Blue Owl Capital during the 2nd quarter valued at $183,294,000. Vanguard Group Inc. grew its position in Blue Owl Capital by 13.5% during the first quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company’s stock valued at $1,210,674,000 after buying an additional 7,206,495 shares during the period. Boston Partners increased its holdings in Blue Owl Capital by 121.9% during the third quarter. Boston Partners now owns 12,153,776 shares of the company’s stock worth $205,493,000 after buying an additional 6,677,610 shares during the last quarter. HMI Capital Management L.P. raised its position in Blue Owl Capital by 276.8% in the second quarter. HMI Capital Management L.P. now owns 5,704,480 shares of the company’s stock worth $109,583,000 after acquiring an additional 4,190,380 shares during the period. Finally, Danica Pension Livsforsikringsaktieselskab bought a new stake in Blue Owl Capital in the third quarter worth about $65,174,000. Hedge funds and other 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.