Citizens Jmp Issues Pessimistic Forecast for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL) had its price target cut by Citizens Jmp from $23.00 to $21.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp’s price objective points to a potential upside of 122.55% from the stock’s previous close.

Several other research firms have also recently weighed in on OWL. BMO Capital Markets reduced their price target on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. Raymond James Financial reiterated a “strong-buy” rating on shares of Blue Owl Capital in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft cut Blue Owl Capital from a “buy” rating to a “hold” rating and reduced their target price for the company from $15.00 to $10.00 in a report on Tuesday, February 24th. TD Cowen reduced their target price on Blue Owl Capital from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Finally, The Goldman Sachs Group reduced their target price on Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. One 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $15.84.

Blue Owl Capital Trading Down 4.9%

Shares of NYSE OWL opened at $9.44 on Wednesday. The company has a market cap of $14.67 billion, a price-to-earnings ratio of 94.37, a PEG ratio of 1.08 and a beta of 1.21. Blue Owl Capital has a 12 month low of $7.95 and a 12 month high of $21.08. The stock has a 50-day moving average price of $9.70 and a two-hundred day moving average price of $13.31.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The company had revenue of $701.47 million for the quarter, compared to analysts’ expectations of $712.75 million. Blue Owl Capital had a return on equity of 20.93% and a net margin of 2.75%. On average, sell-side analysts predict that Blue Owl Capital will post 0.9 earnings per share for the current year.

Hedge Funds Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently modified their holdings of the business. Capital World Investors boosted its holdings in shares of Blue Owl Capital by 5.9% during the 4th quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock worth $1,348,272,000 after buying an additional 5,029,134 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Blue Owl Capital by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 68,608,868 shares of the company’s stock worth $1,025,016,000 after buying an additional 691,980 shares in the last quarter. Capital International Investors boosted its holdings in shares of Blue Owl Capital by 4.3% during the 4th quarter. Capital International Investors now owns 65,402,615 shares of the company’s stock worth $977,118,000 after buying an additional 2,676,281 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Blue Owl Capital by 8.4% during the 3rd quarter. Bank of America Corp DE now owns 22,563,953 shares of the company’s stock worth $382,008,000 after buying an additional 1,751,024 shares in the last quarter. Finally, Boston Partners raised its position in shares of Blue Owl Capital by 16.2% during the fourth quarter. Boston Partners now owns 14,123,877 shares of the company’s stock worth $211,270,000 after purchasing an additional 1,970,101 shares during the period. 35.85% of the stock is currently owned by institutional investors.

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.