Blue Owl Capital (NYSE:OWL) Given New $27.00 Price Target at Piper Sandler

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

A number of other brokerages have also recently weighed in on OWL. JMP Securities restated a “market outperform” rating and issued a $27.00 price objective on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Keefe, Bruyette & Woods upped their price target on shares of Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a report on Friday. Oppenheimer lifted their price objective on Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Evercore ISI increased their target price on Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company lifted their price target on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.73.

Blue Owl Capital Trading Up 1.7 %

Blue Owl Capital stock opened at $23.49 on Monday. Blue Owl Capital has a 1-year low of $14.37 and a 1-year high of $25.03. The firm’s fifty day simple moving average is $23.24 and its 200-day simple moving average is $19.85. The company has a market capitalization of $35.08 billion, a P/E ratio of 138.18, a P/E/G ratio of 1.66 and a beta of 1.14.

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

Hedge Funds Weigh In On Blue Owl Capital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. lifted its holdings 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 valued at $54,573,000 after acquiring an additional 311,385 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Blue Owl Capital during the 3rd quarter worth about $138,000. Sanctuary Advisors LLC boosted its position in Blue Owl Capital by 37.7% in the third quarter. Sanctuary Advisors LLC now owns 75,869 shares of the company’s stock valued at $1,469,000 after buying an additional 20,774 shares in the last quarter. Hohimer Wealth Management LLC grew its stake in Blue Owl Capital by 4.3% during the third quarter. Hohimer Wealth Management LLC now owns 40,066 shares of the company’s stock worth $776,000 after buying an additional 1,656 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in shares of Blue Owl Capital by 149.5% during the third quarter. TD Private Client Wealth LLC now owns 32,430 shares of the company’s stock worth $628,000 after buying an additional 19,434 shares in the last quarter. Institutional investors 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.