Blue Owl Capital (NYSE:OWL) Given New $9.00 Price Target at The Goldman Sachs Group

Blue Owl Capital (NYSE:OWLFree Report) had its price target decreased by The Goldman Sachs Group from $14.00 to $9.00 in a research note released on Tuesday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Several other brokerages have also commented on OWL. Barclays reaffirmed an “equal weight” rating and issued a $11.00 price objective (down from $15.00) on shares of Blue Owl Capital in a research report on Monday, March 2nd. Wolfe Research set a $20.00 price objective on shares of Blue Owl Capital in a research report on Wednesday, January 7th. Oppenheimer lowered their price objective on shares of Blue Owl Capital from $24.00 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft lowered shares of Blue Owl Capital from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $15.00 to $10.00 in a research report on Tuesday, February 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Blue Owl Capital in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.16.

Check Out Our Latest Analysis on OWL

Blue Owl Capital Price Performance

OWL opened at $8.46 on Tuesday. The company’s 50-day moving average is $10.57 and its 200 day moving average is $13.93. Blue Owl Capital has a fifty-two week low of $7.95 and a fifty-two week high of $21.08. The firm 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 (NYSE:OWLGet Free Report) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $701.47 million for the quarter, compared to analyst estimates of $712.75 million. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. On average, equities research 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 announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 20th were paid a $0.225 dividend. The ex-dividend date was Friday, February 20th. This represents a $0.90 annualized dividend and a dividend yield of 10.6%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 900.00%.

Hedge Funds Weigh In On Blue Owl Capital

Large investors have recently modified their holdings of the business. Arax Advisory Partners purchased a new position in shares of Blue Owl Capital in the fourth quarter worth about $25,000. Roxbury Financial LLC increased its stake in shares of Blue Owl Capital by 383.6% in the fourth quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock worth $26,000 after purchasing an additional 1,400 shares in the last quarter. Toronto Dominion Bank purchased a new position in shares of Blue Owl Capital in the fourth quarter worth about $26,000. Parkside Financial Bank & Trust increased its stake in shares of Blue Owl Capital by 117.0% in the third quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock worth $27,000 after purchasing an additional 867 shares in the last quarter. Finally, Lavaca Capital LLC purchased a new position in shares of Blue Owl Capital in the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.

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Blue Owl Capital Company Profile

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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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