Blue Owl Capital (NYSE:OWL) Price Target Raised to $27.00 at Piper Sandler

Blue Owl Capital (NYSE:OWL) had its target price hoisted by investment analysts at Piper Sandler from $25.00 to $27.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s target price would suggest a potential upside of 14.94% from the company’s previous close.

Several other equities research analysts have also recently commented on the company. Wells Fargo & Company lifted their target price on Blue Owl Capital from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 target price on shares of Blue Owl Capital in a research note on Wednesday, December 4th. UBS Group boosted their price target on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Oppenheimer raised their price objective on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Blue Owl Capital presently has an average rating of “Moderate Buy” and a consensus price target of $23.73.

Blue Owl Capital Stock Up 1.7 %

Shares of NYSE OWL opened at $23.49 on Monday. Blue Owl Capital has a 12-month low of $14.37 and a 12-month high of $25.03. The firm’s 50-day simple moving average is $23.24 and its 200 day simple moving average is $19.85. The company has a market cap of $35.08 billion, a price-to-earnings ratio of 138.18, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. The company had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. During the same period in the prior year, the business earned $0.16 earnings per share. On average, equities analysts expect that Blue Owl Capital will post 0.78 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its position in shares of Blue Owl Capital by 12.4% during the third quarter. Franklin Resources Inc. now owns 2,818,874 shares of the company’s stock worth $54,573,000 after purchasing an additional 311,385 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Blue Owl Capital during the 3rd quarter worth approximately $138,000. Sanctuary Advisors LLC raised its holdings in Blue Owl Capital by 37.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 75,869 shares of the company’s stock worth $1,469,000 after buying an additional 20,774 shares during the period. Hohimer Wealth Management LLC lifted its stake in Blue Owl Capital by 4.3% in the third quarter. Hohimer Wealth Management LLC now owns 40,066 shares of the company’s stock valued at $776,000 after buying an additional 1,656 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Blue Owl Capital by 149.5% in the third quarter. TD Private Client Wealth LLC now owns 32,430 shares of the company’s stock valued at $628,000 after buying an additional 19,434 shares during the period. 35.85% of the stock is currently owned by institutional investors.

About Blue Owl Capital

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.