Barclays Has Lowered Expectations for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL) had its target price reduced by analysts at Barclays from $11.00 to $9.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 6.58% from the stock’s previous close.

A number of other research analysts also recently commented on OWL. TD Cowen reduced their price target on Blue Owl Capital from $16.00 to $14.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Oppenheimer decreased their target price on Blue Owl Capital from $24.00 to $17.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. Evercore set a $14.00 target price on Blue Owl Capital in a research report on Friday, February 6th. Wolfe Research set a $20.00 target price on Blue Owl Capital in a research report on Wednesday, January 7th. Finally, UBS Group decreased their target price on Blue Owl Capital from $16.50 to $12.00 and set a “neutral” rating for the company in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.03.

Blue Owl Capital Price Performance

OWL traded down $0.03 on Wednesday, reaching $8.44. The company’s stock had a trading volume of 9,780,622 shares, compared to its average volume of 28,612,064. The stock has a market cap of $13.13 billion, a price-to-earnings ratio of 84.16, a price-to-earnings-growth ratio of 0.78 and a beta of 1.21. Blue Owl Capital has a 1 year low of $7.95 and a 1 year high of $21.08. The business’s 50 day moving average is $10.57 and its 200 day moving average is $13.93.

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

Institutional Trading of Blue Owl Capital

Several hedge funds have recently made changes to their positions in the stock. Capital World Investors lifted its holdings in shares of Blue Owl Capital by 5.9% in the 4th quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock worth $1,348,272,000 after purchasing an additional 5,029,134 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Blue Owl Capital by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 68,608,868 shares of the company’s stock worth $1,025,016,000 after purchasing an additional 691,980 shares during the last quarter. Capital International Investors lifted its holdings in shares of Blue Owl Capital by 4.3% in the 4th quarter. Capital International Investors now owns 65,402,615 shares of the company’s stock worth $977,118,000 after purchasing an additional 2,676,281 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Blue Owl Capital by 8.4% in the 3rd quarter. Bank of America Corp DE now owns 22,563,953 shares of the company’s stock worth $382,008,000 after purchasing an additional 1,751,024 shares during the last quarter. Finally, Boston Partners lifted its holdings in shares of Blue Owl Capital by 16.2% in the 4th quarter. Boston Partners now owns 14,123,877 shares of the company’s stock worth $211,270,000 after purchasing an additional 1,970,101 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

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.