Blue Owl Capital (NYSE:OWL) Cut to Neutral at The Goldman Sachs Group

Blue Owl Capital (NYSE:OWL) was downgraded by stock analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. They currently have a $24.75 target price on the stock, down from their prior target price of $25.00. The Goldman Sachs Group’s price objective would suggest a potential upside of 8.98% from the stock’s current price.

OWL has been the topic of several other research reports. Oppenheimer lifted their target price on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Piper Sandler boosted their price objective on Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Deutsche Bank Aktiengesellschaft raised their target price 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. Wells Fargo & Company boosted their price target on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, UBS Group raised their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.10.

Blue Owl Capital Stock Down 3.2 %

NYSE:OWL opened at $22.71 on Monday. Blue Owl Capital has a 52 week low of $14.42 and a 52 week high of $25.03. The stock’s 50-day moving average price is $23.39 and its 200-day moving average price is $20.40. The stock has a market capitalization of $33.92 billion, a PE ratio of 133.60, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The business had revenue of $600.88 million during the quarter, compared to analysts’ expectations of $565.93 million. During the same period in the previous year, the business earned $0.16 earnings per share. Sell-side analysts expect that Blue Owl Capital will post 0.78 earnings per share for the current fiscal year.

Institutional Trading of Blue Owl Capital

Several institutional investors have recently made changes to their positions in the company. Kovitz Investment Group Partners LLC increased its stake in Blue Owl Capital by 1.4% during the third quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock worth $622,000 after acquiring an additional 443 shares during the last quarter. King Luther Capital Management Corp increased its position in shares of Blue Owl Capital by 0.6% during the 3rd quarter. King Luther Capital Management Corp now owns 79,919 shares of the company’s stock worth $1,547,000 after purchasing an additional 485 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in Blue Owl Capital by 1.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company’s stock valued at $1,009,000 after buying an additional 565 shares during the period. PNC Financial Services Group Inc. lifted its position in Blue Owl Capital by 0.6% in the third quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company’s stock valued at $1,851,000 after buying an additional 575 shares during the last quarter. Finally, MAI Capital Management boosted its stake in Blue Owl Capital by 0.3% during the third quarter. MAI Capital Management now owns 189,251 shares of the company’s stock worth $3,664,000 after buying an additional 607 shares during the period. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Company Profile

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.