Blue Owl Capital (NYSE:OWL) Given New $15.00 Price Target at Oppenheimer

Blue Owl Capital (NYSE:OWL) had its price objective dropped by equities research analysts at Oppenheimer from $16.00 to $15.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price would suggest a potential upside of 59.83% from the company’s previous close.

Other analysts have also issued research reports about the company. BMO Capital Markets lowered their target price on Blue Owl Capital from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Monday. Citigroup reiterated a “market outperform” rating on shares of Blue Owl Capital in a report on Thursday, July 9th. Zacks Research raised Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. Capital One Financial set a $11.00 price objective on shares of Blue Owl Capital in a research note on Monday. Finally, UBS Group reaffirmed a “neutral” rating and set a $9.50 target price on shares of Blue Owl Capital in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.16.

Blue Owl Capital Stock Down 2.4%

OWL stock traded down $0.23 during mid-day trading on Friday, reaching $9.38. 4,336,224 shares of the stock traded hands, compared to its average volume of 27,206,469. The firm has a market capitalization of $14.59 billion, a PE ratio of 78.38, a P/E/G ratio of 1.05 and a beta of 1.22. The business has a 50-day moving average of $9.56 and a two-hundred day moving average of $10.80. Blue Owl Capital has a 52 week low of $7.95 and a 52 week high of $20.99.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%.The business had revenue of $699.88 million for the quarter, compared to analyst estimates of $687.23 million. On average, equities research analysts anticipate that Blue Owl Capital will post 0.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Hsbc Holdings PLC boosted its position in shares of Blue Owl Capital by 129.4% during the 4th quarter. Hsbc Holdings PLC now owns 239,674 shares of the company’s stock valued at $3,590,000 after acquiring an additional 135,184 shares in the last quarter. Verity & Verity LLC raised its position in Blue Owl Capital by 45.2% in the fourth quarter. Verity & Verity LLC now owns 1,036,594 shares of the company’s stock worth $15,487,000 after purchasing an additional 322,530 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab lifted its stake in Blue Owl Capital by 7.8% during the fourth quarter. Danica Pension Livsforsikringsaktieselskab now owns 4,149,597 shares of the company’s stock worth $61,995,000 after purchasing an additional 300,000 shares during the period. Diversify Wealth Management LLC lifted its stake in Blue Owl Capital by 86.3% during the first quarter. Diversify Wealth Management LLC now owns 456,458 shares of the company’s stock worth $4,053,000 after purchasing an additional 211,419 shares during the period. Finally, Leonteq Securities AG boosted its holdings in Blue Owl Capital by 842.3% during the first quarter. Leonteq Securities AG now owns 375,708 shares of the company’s stock valued at $3,430,000 after purchasing an additional 335,838 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 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.