TD Cowen Cuts Blue Owl Capital (NYSE:OWL) Price Target to $14.00

Blue Owl Capital (NYSE:OWL) had its target price lowered by TD Cowen from $16.00 to $14.00 in a report published on Monday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on OWL. UBS Group cut their price target on Blue Owl Capital from $16.50 to $12.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. Barclays reiterated an “equal weight” rating and issued a $11.00 price objective (down from $15.00) on shares of Blue Owl Capital in a research note on Monday, March 2nd. Evercore set a $14.00 target price on shares of Blue Owl Capital in a research report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Blue Owl Capital in a research note on Wednesday, January 21st. Finally, Citizens Jmp reduced their price target on shares of Blue Owl Capital from $26.00 to $23.00 and set a “market outperform” rating for the company in a report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.63.

Blue Owl Capital Trading Up 0.7%

OWL stock opened at $9.03 on Monday. The firm has a market cap of $14.03 billion, a PE ratio of 90.26, a price-to-earnings-growth ratio of 0.81 and a beta of 1.15. The stock has a 50-day moving average price of $11.76 and a 200-day moving average price of $14.58. Blue Owl Capital has a 1-year low of $8.55 and a 1-year high of $21.82.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, February 5th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. The company had revenue of $701.47 million for the quarter, compared to analyst estimates of $712.75 million. Blue Owl Capital had a return on equity of 20.93% and a net margin of 2.75%. On average, analysts forecast that Blue Owl Capital will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 20th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend was Friday, February 20th. Blue Owl Capital’s dividend payout ratio (DPR) is 900.00%.

Hedge Funds Weigh In On Blue Owl Capital

A number of institutional investors have recently modified their holdings of OWL. Arax Advisory Partners acquired a new stake in Blue Owl Capital in the 4th quarter valued at $25,000. Roxbury Financial LLC raised its holdings in Blue Owl Capital by 383.6% during the fourth quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock worth $26,000 after buying an additional 1,400 shares during the last quarter. Toronto Dominion Bank bought a new position in shares of Blue Owl Capital in the fourth quarter valued at $26,000. Parkside Financial Bank & Trust lifted its stake in shares of Blue Owl Capital by 117.0% in the third quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock valued at $27,000 after buying an additional 867 shares in the last quarter. Finally, Lavaca Capital LLC acquired a new position in shares of Blue Owl Capital during the fourth quarter valued at about $28,000. 35.85% of the stock is owned by institutional investors and hedge funds.

About Blue Owl Capital

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.