Blue Owl Capital (NYSE:OWL) Stock Gets Price Target Trim from BMO Capital Markets

Blue Owl Capital (NYSE:OWL) had its target price cut by BMO Capital Markets from $12.00 to $11.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms also recently weighed in on OWL. Piper Sandler dropped their target price on shares of Blue Owl Capital from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Capital One Financial set a $12.00 price target on shares of Blue Owl Capital in a report on Monday, August 3rd. HSBC set a $17.00 price objective on shares of Blue Owl Capital in a research note on Thursday, September 24th. Credit Suisse Group set a $9.10 price objective on shares of Blue Owl Capital in a report on Thursday, July 2nd. Finally, Barclays boosted their price objective on shares of Blue Owl Capital from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average price target of $13.27.

Blue Owl Capital Price Performance

Shares of NYSE:OWL opened at $10.37 on Tuesday. The business’s 50-day moving average is $10.10 and its 200 day moving average is $10.39. Blue Owl Capital has a 1 year low of $7.95 and a 1 year high of $17.00. The firm has a market capitalization of $16.16 billion, a P/E ratio of 86.39, a P/E/G ratio of 1.18 and a beta of 1.35.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. The business had revenue of $752.60 million during the quarter, compared to the consensus estimate of $698.10 million. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%. On average, analysts expect that Blue Owl Capital will post 0.88 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Tuesday, November 10th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.9%. The ex-dividend date is Tuesday, November 10th. Blue Owl Capital’s dividend payout ratio is 766.67%.

Hedge Funds Weigh In On Blue Owl Capital

Institutional investors have recently bought and sold shares of the business. SMH Capital Advisors Inc. acquired a new position in shares of Blue Owl Capital in the 3rd quarter valued at $939,000. Greenleaf Trust boosted its holdings in Blue Owl Capital by 9.4% during the third quarter. Greenleaf Trust now owns 13,158 shares of the company’s stock worth $120,000 after buying an additional 1,134 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Blue Owl Capital during the third quarter worth $86,000. Vise Technologies Inc. grew its position in Blue Owl Capital by 82.4% during the third quarter. Vise Technologies Inc. now owns 68,228 shares of the company’s stock valued at $620,000 after buying an additional 30,825 shares during the period. Finally, Moss Adams Wealth Advisors LLC acquired a new stake in Blue Owl Capital during the third quarter valued at $109,000. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital News Summary

Here are the key news stories impacting Blue Owl Capital this week:

• Positive Sentiment: Q3 earnings and revenue beat expectations. Blue Owl reported adjusted earnings of $0.24 per share, ahead of the $0.23 consensus estimate, while revenue reached $752.6 million versus forecasts of $698.1 million. Earnings also increased from $0.22 per share a year earlier. Blue Owl Capital quarterly earnings report
• Positive Sentiment: Fee-related earnings drove growth. Reports characterized the quarter’s improvement as being driven by higher fee-related earnings, a favorable development for Blue Owl’s recurring-revenue asset-management business. Blue Owl Capital third-quarter growth
• Positive Sentiment: Assets under management reached a record $330 billion. Blue Owl said it raised nearly $50 billion over the past 12 months, expanding its potential base for future management fees across its Credit, Real Assets and GP Strategic Capital platforms. Blue Owl third-quarter results and assets under management
• Positive Sentiment: Dividend maintained at $0.23 per share. The quarterly payout equates to $0.92 annually and an indicated yield of approximately 8.9%. Shareholders of record on November 10 will receive payment on November 23. Blue Owl Capital third-quarter results
• Neutral Sentiment: Investor focus remains on fundraising quality. Although AUM and capital raising were strong, reports noted that redemptions weighed on net inflows, creating a potential concern about the pace and durability of future growth. Blue Owl fees and redemptions report
• Negative Sentiment: BMO Capital Markets lowered its expectations for Blue Owl’s stock price, potentially signaling valuation or growth concerns despite the earnings beat. BMO lowers Blue Owl stock price expectations

Blue Owl Capital Company Profile

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.