Blue Owl Capital (NYSE:OWL) Stock Price Up 4.8% on Analyst Upgrade

Blue Owl Capital Inc. (NYSE:OWL) shares rose 4.8% during trading on Thursday after Oppenheimer raised their price target on the stock from $21.00 to $24.00. Oppenheimer currently has an outperform rating on the stock. Blue Owl Capital traded as high as $23.44 and last traded at $23.42. Approximately 4,778,356 shares were traded during trading, a decline of 8% from the average daily volume of 5,217,689 shares. The stock had previously closed at $22.35.

Several other analysts have also issued reports on the stock. TD Cowen reaffirmed a “hold” rating and set a $19.00 price target (down from $21.50) on shares of Blue Owl Capital in a research report on Monday, July 8th. Wells Fargo & Company upped their price target on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. UBS Group dropped their price target on shares of Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Piper Sandler increased their price objective on shares of Blue Owl Capital from $20.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Finally, Evercore ISI increased their price objective on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average price target of $21.15.

Hedge Funds Weigh In On Blue Owl Capital

A number of hedge funds have recently bought and sold shares of the business. Affinity Wealth Management LLC increased its position in Blue Owl Capital by 5.3% during the third quarter. Affinity Wealth Management LLC now owns 13,347 shares of the company’s stock worth $258,000 after acquiring an additional 675 shares during the period. Raymond James Trust N.A. grew its stake in Blue Owl Capital by 6.7% during the second quarter. Raymond James Trust N.A. now owns 11,217 shares of the company’s stock worth $199,000 after buying an additional 708 shares in the last quarter. Capital Insight Partners LLC grew its stake in Blue Owl Capital by 2.6% during the second quarter. Capital Insight Partners LLC now owns 32,637 shares of the company’s stock worth $579,000 after buying an additional 815 shares in the last quarter. Great Diamond Partners LLC grew its stake in Blue Owl Capital by 2.5% during the second quarter. Great Diamond Partners LLC now owns 42,626 shares of the company’s stock worth $757,000 after buying an additional 1,030 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in Blue Owl Capital by 4.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,998 shares of the company’s stock worth $479,000 after buying an additional 1,103 shares in the last quarter. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Stock Up 5.3 %

The stock has a market capitalization of $33.62 billion, a price-to-earnings ratio of 186.25, a P/E/G ratio of 1.29 and a beta of 1.18. The business’s 50 day simple moving average is $18.46 and its 200-day simple moving average is $18.33.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $549.85 million for the quarter, compared to the consensus estimate of $507.22 million. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. During the same period in the prior year, the company posted $0.16 earnings per share. On average, analysts expect that Blue Owl Capital Inc. will post 0.79 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.06%. Blue Owl Capital’s payout ratio is currently 600.00%.

Blue Owl Capital Company Profile

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.