Blue Owl Capital (NYSE:OWL) Upgraded by TD Cowen to Buy Rating

Blue Owl Capital (NYSE:OWL) was upgraded by equities researchers at TD Cowen from a “hold” rating to a “buy” rating in a research note issued on Thursday, MarketBeat Ratings reports. The firm presently has a $28.00 price objective on the stock, up from their previous price objective of $26.00. TD Cowen’s price target points to a potential upside of 15.34% from the stock’s previous close.

OWL has been the subject of several other research reports. JMP Securities reiterated a “market outperform” rating and issued a $27.00 price target on shares of Blue Owl Capital in a report on Wednesday, December 4th. Oppenheimer upped their price target on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. The Goldman Sachs Group cut shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $25.00 to $24.75 in a report on Monday, January 6th. Wells Fargo & Company reduced their target price on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Piper Sandler increased their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.10.

Blue Owl Capital Price Performance

OWL opened at $24.28 on Thursday. The company has a market cap of $36.26 billion, a price-to-earnings ratio of 142.81, a price-to-earnings-growth ratio of 1.29 and a beta of 1.14. The firm has a 50 day simple moving average of $23.52 and a 200 day simple moving average of $20.66. Blue Owl Capital has a fifty-two week low of $14.85 and a fifty-two week high of $25.03.

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

Institutional Investors Weigh In On Blue Owl Capital

A number of hedge funds have recently made changes to their positions in OWL. Kovitz Investment Group Partners LLC raised its holdings in Blue Owl Capital by 1.4% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock worth $622,000 after purchasing an additional 443 shares during the last quarter. Miracle Mile Advisors LLC raised its holdings in Blue Owl Capital by 4.1% during the 4th quarter. Miracle Mile Advisors LLC now owns 12,289 shares of the company’s stock worth $286,000 after purchasing an additional 479 shares during the last quarter. King Luther Capital Management Corp raised its holdings in 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% during the 3rd quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company’s stock worth $1,009,000 after purchasing an additional 565 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Blue Owl Capital by 0.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 95,623 shares of the company’s stock worth $1,851,000 after purchasing an additional 575 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

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.