Blue Owl Capital (NYSE:OWL) Given New $12.00 Price Target at Piper Sandler

Blue Owl Capital (NYSE:OWL) had its price target lowered by investment analysts at Piper Sandler from $13.00 to $12.00 in a report issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price target indicates a potential upside of 33.56% from the stock’s current price.

A number of other analysts have also commented on OWL. Citigroup reaffirmed a “market outperform” rating on shares of Blue Owl Capital in a report on Thursday, September 24th. Citizens Jmp cut their price target on Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 9th. Wells Fargo & Company initiated coverage on Blue Owl Capital in a research report on Friday, October 2nd. They issued an “equal weight” rating and a $10.00 price target on the stock. Capital One Financial set a $12.00 price objective on Blue Owl Capital in a research note on Monday, August 3rd. Finally, Keefe, Bruyette & Woods upgraded Blue Owl Capital to a “hold” rating in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Blue Owl Capital presently has an average rating of “Moderate Buy” and a consensus target price of $13.33.

Blue Owl Capital Trading Up 1.5%

Shares of NYSE:OWL traded up $0.14 during trading on Monday, hitting $8.98. 5,963,670 shares of the company’s stock were exchanged, compared to its average volume of 24,708,801. Blue Owl Capital has a 1-year low of $7.95 and a 1-year high of $17.30. The firm has a 50-day moving average price of $10.56 and a two-hundred day moving average price of $9.92. The firm has a market cap of $14.01 billion, a P/E ratio of 74.88, a PEG ratio of 1.04 and a beta of 1.35.

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

Institutional Investors Weigh In On Blue Owl Capital

Several hedge funds have recently bought and sold shares of OWL. Robertson Stephens Wealth Management LLC grew its holdings in shares of Blue Owl Capital by 3.0% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 92,664 shares of the company’s stock valued at $842,000 after buying an additional 2,696 shares during the period. Cyndeo Wealth Partners LLC raised its stake in Blue Owl Capital by 20.6% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 30,564 shares of the company’s stock worth $278,000 after buying an additional 5,227 shares during the period. TT Capital Management LLC raised its stake in Blue Owl Capital by 10.8% during the 3rd quarter. TT Capital Management LLC now owns 307,570 shares of the company’s stock worth $2,796,000 after buying an additional 30,100 shares during the period. Wedmont Private Capital bought a new position in Blue Owl Capital during the third quarter worth about $269,000. Finally, Farther Finance Advisors LLC lifted its holdings in Blue Owl Capital by 98.8% during the third quarter. Farther Finance Advisors LLC now owns 139,199 shares of the company’s stock worth $1,265,000 after acquiring an additional 69,192 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

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.