Blue Owl Capital (NYSE:OWL) Given New $24.00 Price Target at Wells Fargo & Company

Blue Owl Capital (NYSE:OWL) had its price objective lowered by Wells Fargo & Company from $25.00 to $24.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 6.48% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Evercore ISI raised their price objective on Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods upped their target price on Blue Owl Capital from $22.00 to $26.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. JMP Securities reissued a “market outperform” rating and set a $27.00 price target on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Finally, Piper Sandler raised their price objective on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.02.

Blue Owl Capital Stock Up 0.8 %

NYSE OWL opened at $22.54 on Tuesday. The firm has a 50-day moving average price of $23.46 and a two-hundred day moving average price of $20.54. Blue Owl Capital has a 12-month low of $14.42 and a 12-month high of $25.03. The company has a market capitalization of $33.66 billion, a P/E ratio of 132.60, a P/E/G ratio of 1.66 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $600.88 million during the quarter, compared to analysts’ expectations 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 previous year, the firm earned $0.16 EPS. Equities analysts expect that Blue Owl Capital will post 0.78 EPS 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 OWL. ORG Wealth Partners LLC bought a new position in shares of Blue Owl Capital in the third quarter valued at $32,000. Versant Capital Management Inc boosted its stake in Blue Owl Capital by 136.2% in the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after acquiring an additional 1,110 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Blue Owl Capital during the 3rd quarter valued at approximately $138,000. Signaturefd LLC increased its stake in shares of Blue Owl Capital by 19.3% during the 3rd quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock worth $177,000 after purchasing an additional 1,476 shares during the last quarter. Finally, Chiron Investment Management LLC bought a new stake in shares of Blue Owl Capital in the 3rd quarter worth approximately $196,000. 35.85% of the stock is currently 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.