Blue Owl Capital (NYSE:OWL) Price Target Cut to $14.00 by Analysts at TD Cowen

Blue Owl Capital (NYSE:OWL) had its price objective reduced by TD Cowen from $16.00 to $14.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also weighed in on OWL. Oppenheimer lowered their price target on shares of Blue Owl Capital from $24.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Wolfe Research set a $20.00 price objective on Blue Owl Capital in a report on Wednesday, January 7th. The Goldman Sachs Group decreased their price objective on Blue Owl Capital from $16.25 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Citizens Jmp dropped their target price on Blue Owl Capital from $26.00 to $23.00 and set a “market outperform” rating for the company in a research report on Tuesday, March 17th. Finally, Deutsche Bank Aktiengesellschaft lowered Blue Owl Capital from a “buy” rating to a “hold” rating and cut their price target for the company from $15.00 to $10.00 in a research note on Tuesday, February 24th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.06.

Blue Owl Capital Stock Down 0.2%

Shares of NYSE OWL opened at $9.10 on Monday. Blue Owl Capital has a 12-month low of $8.55 and a 12-month high of $21.88. The firm’s 50-day simple moving average is $12.02 and its 200 day simple moving average is $14.68. The company has a market cap of $14.15 billion, a price-to-earnings ratio of 91.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.15.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. The firm had revenue of $701.47 million during the quarter, compared to analysts’ expectations of $712.75 million. On average, equities analysts expect that Blue Owl Capital will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 20th were paid a $0.225 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.90 dividend on an annualized basis and a yield of 9.9%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 900.00%.

Institutional Trading of Blue Owl Capital

Several institutional investors and hedge funds have recently made changes to their positions in OWL. Royal Bank of Canada lifted its stake in shares of Blue Owl Capital by 50.0% in the 1st quarter. Royal Bank of Canada now owns 397,990 shares of the company’s stock valued at $7,976,000 after purchasing an additional 132,637 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Blue Owl Capital during the second quarter worth $847,000. Cetera Investment Advisers increased its holdings in Blue Owl Capital by 26.2% in the second quarter. Cetera Investment Advisers now owns 101,721 shares of the company’s stock valued at $1,954,000 after purchasing an additional 21,109 shares during the last quarter. Intech Investment Management LLC bought a new stake in Blue Owl Capital in the second quarter valued at about $355,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Blue Owl Capital by 25.5% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 71,420 shares of the company’s stock valued at $1,372,000 after buying an additional 14,516 shares during the period. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.