Blue Owl Capital (NYSE:OWL) Downgraded to Neutral Rating by The Goldman Sachs Group

The Goldman Sachs Group cut shares of Blue Owl Capital (NYSE:OWL) from a buy rating to a neutral rating in a research note released on Monday morning, MarketBeat reports. The firm currently has $24.75 price objective on the stock, down from their prior price objective of $25.00.

A number of other equities research analysts also recently commented on OWL. Wells Fargo & Company lifted their price target on shares of Blue Owl Capital from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 target price on shares of Blue Owl Capital in a research note on Wednesday, December 4th. UBS Group increased their price target on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Oppenheimer increased their target price on Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.10.

Blue Owl Capital Stock Performance

OWL stock opened at $23.23 on Monday. The stock’s 50 day moving average price is $23.40 and its 200 day moving average price is $20.42. The firm has a market cap of $34.69 billion, a P/E ratio of 136.66, a PEG ratio of 1.66 and a beta of 1.14. Blue Owl Capital has a 1 year low of $14.42 and a 1 year high of $25.03.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $600.88 million for the quarter, compared to the consensus estimate of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same period in the prior year, the business earned $0.16 earnings per share. On average, research analysts predict that Blue Owl Capital will post 0.78 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s payout ratio is currently 423.53%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of OWL. FMR LLC increased its position in shares of Blue Owl Capital by 29.9% in the third quarter. FMR LLC now owns 35,324,089 shares of the company’s stock worth $683,874,000 after acquiring an additional 8,138,475 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Blue Owl Capital by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after purchasing an additional 1,372,865 shares in the last quarter. State Street Corp raised its position in Blue Owl Capital by 5.6% in the third quarter. State Street Corp now owns 8,452,073 shares of the company’s stock valued at $163,632,000 after purchasing an additional 449,066 shares during the period. Geode Capital Management LLC lifted its stake in shares of Blue Owl Capital by 14.2% during the third quarter. Geode Capital Management LLC now owns 8,152,157 shares of the company’s stock worth $157,870,000 after purchasing an additional 1,016,505 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its position in shares of Blue Owl Capital by 4.6% in the third quarter. Westfield Capital Management Co. LP now owns 6,736,287 shares of the company’s stock worth $130,415,000 after buying an additional 293,221 shares during the period. Hedge funds and other institutional investors own 35.85% of the company’s stock.

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.