TD Cowen Reiterates Hold Rating for Blue Owl Capital (NYSE:OWL)

TD Cowen reiterated their hold rating on shares of Blue Owl Capital (NYSE:OWL) in a report issued on Monday morning, Marketbeat reports. The firm currently has a $19.00 target price on the stock, down from their prior target price of $21.50.

A number of other equities research analysts have also commented on OWL. JPMorgan Chase & Co. reissued a neutral rating and set a $18.50 price objective on shares of Blue Owl Capital in a report on Thursday, June 13th. Keefe, Bruyette & Woods restated a market perform rating and issued a $19.00 price objective on shares of Blue Owl Capital in a research report on Thursday, April 4th. UBS Group upgraded Blue Owl Capital from a neutral rating to a buy rating and increased their price objective for the company from $18.00 to $22.00 in a research report on Tuesday, April 2nd. Piper Sandler restated an overweight rating and set a $23.00 target price on shares of Blue Owl Capital in a research report on Friday, June 28th. Finally, JMP Securities reiterated a market outperform rating and issued a $24.00 price target on shares of Blue Owl Capital in a report on Tuesday, April 9th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $19.81.

Blue Owl Capital Trading Up 1.3 %

NYSE:OWL opened at $17.46 on Monday. The stock has a market capitalization of $24.95 billion, a P/E ratio of 145.50, a price-to-earnings-growth ratio of 1.03 and a beta of 1.18. Blue Owl Capital has a 1 year low of $10.64 and a 1 year high of $19.87. The firm has a 50 day moving average of $18.00 and a 200-day moving average of $17.45.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $486.55 million during the quarter, compared to the consensus estimate of $478.47 million. Blue Owl Capital had a return on equity of 18.15% and a net margin of 3.84%. As a group, analysts forecast that Blue Owl Capital will post 0.82 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend was Monday, May 20th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.14. Blue Owl Capital’s dividend payout ratio is presently 600.00%.

Hedge Funds Weigh In On Blue Owl Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in OWL. Capital World Investors boosted its holdings in shares of Blue Owl Capital by 0.3% in the first quarter. Capital World Investors now owns 63,339,128 shares of the company’s stock valued at $1,194,576,000 after buying an additional 163,377 shares during the period. Vanguard Group Inc. lifted its position in Blue Owl Capital by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 40,731,640 shares of the company’s stock valued at $768,199,000 after acquiring an additional 250,977 shares in the last quarter. Capital International Investors increased its holdings in Blue Owl Capital by 0.3% during the 1st quarter. Capital International Investors now owns 33,284,962 shares of the company’s stock worth $627,754,000 after purchasing an additional 107,321 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Blue Owl Capital by 11.9% in the 1st quarter. Capital Research Global Investors now owns 10,512,628 shares of the company’s stock valued at $198,268,000 after purchasing an additional 1,121,064 shares during the period. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of Blue Owl Capital by 6.5% in the first quarter. Westfield Capital Management Co. LP now owns 4,529,065 shares of the company’s stock valued at $85,418,000 after purchasing an additional 277,526 shares in the last quarter. 35.85% of the stock is owned by 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.