Blue Owl Capital (NYSE:OWL) Stock Rating Lowered by The Goldman Sachs Group

Blue Owl Capital (NYSE:OWL) was downgraded by The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research note issued on Monday, Marketbeat.com reports. They currently have a $24.75 price objective on the stock, down from their previous price objective of $25.00. The Goldman Sachs Group’s price target suggests a potential upside of 8.98% from the stock’s current price.

Several other research analysts have also recently weighed in on OWL. Wells Fargo & Company lifted their price target on shares of Blue Owl Capital from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Piper Sandler lifted their target price on Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Oppenheimer upped their price target on Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, JMP Securities reissued a “market outperform” rating and issued a $27.00 target price on shares of Blue Owl Capital in a report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and an average price target of $24.10.

Blue Owl Capital Trading Down 3.2 %

Shares of OWL stock opened at $22.71 on Monday. The company’s fifty day moving average price is $23.39 and its 200-day moving average price is $20.40. The stock has a market cap of $33.92 billion, a PE ratio of 133.60, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. Blue Owl Capital has a 12 month low of $14.42 and a 12 month high of $25.03.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $600.88 million during 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 quarter in the prior year, the firm earned $0.16 EPS. On average, sell-side analysts forecast that Blue Owl Capital will post 0.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. FMR LLC raised its stake in shares of Blue Owl Capital by 29.9% in the third quarter. FMR LLC now owns 35,324,089 shares of the company’s stock worth $683,874,000 after purchasing an additional 8,138,475 shares during the last quarter. Stone Point Capital LLC purchased a new position in Blue Owl Capital during the 2nd quarter worth approximately $112,749,000. Point72 Asset Management L.P. lifted its stake in Blue Owl Capital by 69.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company’s stock valued at $73,035,000 after acquiring an additional 1,683,408 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Blue Owl Capital by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after acquiring an additional 1,372,865 shares during the last quarter. Finally, Point72 Europe London LLP purchased a new stake in shares of Blue Owl Capital in the 2nd quarter valued at $21,243,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

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.