Blue Owl Capital (NYSE:OWL) Price Target Cut to $22.00 by Analysts at Wells Fargo & Company

Blue Owl Capital (NYSE:OWL) had its target price reduced by equities researchers at Wells Fargo & Company from $24.00 to $22.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 6.40% from the company’s current price.

Several other equities analysts have also recently weighed in on OWL. JMP Securities reissued a “market outperform” rating and issued a $32.00 target price (up from $30.00) on shares of Blue Owl Capital in a research note on Friday, February 7th. Evercore ISI raised their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. TD Cowen raised shares of Blue Owl Capital from a “hold” rating to a “buy” rating and raised their target price for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Keefe, Bruyette & Woods raised their target price on shares of Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Finally, Piper Sandler raised their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.33.

Blue Owl Capital Stock Performance

OWL stock traded down $0.33 during mid-day trading on Thursday, hitting $20.68. 7,996,961 shares of the company were exchanged, compared to its average volume of 5,883,738. The firm has a market cap of $31.80 billion, a P/E ratio of 121.63, a P/E/G ratio of 1.23 and a beta of 1.19. The firm’s 50 day simple moving average is $22.76 and its 200 day simple moving average is $22.14. Blue Owl Capital has a 1-year low of $15.18 and a 1-year high of $26.73.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. On average, equities research analysts predict that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OWL. Capital World Investors lifted its holdings in shares of Blue Owl Capital by 14.5% during the 4th quarter. Capital World Investors now owns 77,168,640 shares of the company’s stock worth $1,794,943,000 after acquiring an additional 9,794,102 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Blue Owl Capital by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company’s stock valued at $1,237,581,000 after acquiring an additional 5,558,868 shares during the last quarter. FMR LLC raised its stake in shares of Blue Owl Capital by 28.1% during the fourth quarter. FMR LLC now owns 45,241,160 shares of the company’s stock valued at $1,052,309,000 after acquiring an additional 9,917,071 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Blue Owl Capital by 2.4% during the fourth quarter. JPMorgan Chase & Co. now owns 9,248,983 shares of the company’s stock valued at $215,131,000 after acquiring an additional 218,586 shares during the last quarter. Finally, State Street Corp increased its position in shares of Blue Owl Capital by 5.6% during the third quarter. State Street Corp now owns 8,452,073 shares of the company’s stock valued at $163,632,000 after buying an additional 449,066 shares during the period. 35.85% of the stock is currently owned by hedge funds and other 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.