Blue Owl Capital (NYSE:OWL) Given New $12.50 Price Target at Piper Sandler

Blue Owl Capital (NYSE:OWLFree Report) had its price objective reduced by Piper Sandler from $15.00 to $12.50 in a report issued on Tuesday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

OWL has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft downgraded shares of Blue Owl Capital from a “buy” rating to a “hold” rating and dropped their price target for the company from $15.00 to $10.00 in a research report on Tuesday, February 24th. Oppenheimer dropped 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 research report on Wednesday, March 4th. Raymond James Financial reiterated a “strong-buy” rating on shares of Blue Owl Capital in a research report on Thursday, February 19th. Evercore set a $14.00 price target on shares of Blue Owl Capital in a research report on Friday, February 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Blue Owl Capital in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.16.

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Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $8.46 on Tuesday. The stock has a 50-day simple moving average of $10.57 and a 200 day simple moving average of $13.93. The stock has a market capitalization of $13.14 billion, a P/E ratio of 84.56, a PEG ratio of 0.78 and a beta of 1.21. Blue Owl Capital has a 52 week low of $7.95 and a 52 week high of $21.08.

Blue Owl Capital (NYSE:OWLGet Free Report) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. The firm had revenue of $701.47 million during the quarter, compared to the consensus estimate of $712.75 million. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. Research analysts forecast that Blue Owl Capital will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 20th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date of this dividend was Friday, February 20th. Blue Owl Capital’s payout ratio is presently 900.00%.

Institutional Trading of Blue Owl Capital

A number of hedge funds and other institutional investors have recently modified their holdings of OWL. Royal Bank of Canada grew its stake in shares of Blue Owl Capital by 50.0% during the first quarter. Royal Bank of Canada now owns 397,990 shares of the company’s stock worth $7,976,000 after buying an additional 132,637 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Blue Owl Capital by 64.1% in the second quarter. Prudential Financial Inc. now owns 42,135 shares of the company’s stock worth $809,000 after purchasing an additional 16,458 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Blue Owl Capital by 4.0% in the second quarter. Russell Investments Group Ltd. now owns 44,215 shares of the company’s stock valued at $849,000 after buying an additional 1,703 shares during the period. Jump Financial LLC acquired a new stake in shares of Blue Owl Capital in the second quarter valued at about $238,000. Finally, California Public Employees Retirement System increased its stake in shares of Blue Owl Capital by 28.2% in the second quarter. California Public Employees Retirement System now owns 787,255 shares of the company’s stock valued at $15,123,000 after buying an additional 172,982 shares during the period. Institutional investors own 35.85% of the company’s stock.

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About Blue Owl Capital

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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.

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