Piper Sandler Boosts Blue Owl Capital (NYSE:OWL) Price Target to $23.00

Blue Owl Capital (NYSE:OWL) had its price target hoisted by Piper Sandler from $20.00 to $23.00 in a research report released on Wednesday, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

A number of other equities research analysts have also recently issued reports on OWL. Wells Fargo & Company began coverage on shares of Blue Owl Capital in a research report on Thursday, September 12th. They set an equal weight rating and a $18.50 target price for the company. Deutsche Bank Aktiengesellschaft reduced their target price on Blue Owl Capital from $21.00 to $20.00 and set a buy rating on the stock in a report on Friday, August 2nd. TD Cowen reaffirmed a hold rating and set a $19.00 price target (down from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. JPMorgan Chase & Co. reissued a neutral rating and issued a $18.50 price objective on shares of Blue Owl Capital in a research note on Thursday, June 13th. Finally, Evercore ISI raised their target price on Blue Owl Capital from $21.00 to $22.00 and gave the company an outperform rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital has an average rating of Moderate Buy and a consensus price target of $20.90.

Blue Owl Capital Stock Up 2.1 %

NYSE:OWL opened at $21.40 on Wednesday. The firm has a market capitalization of $31.31 billion, a PE ratio of 133.73, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18. Blue Owl Capital has a 12-month low of $12.11 and a 12-month high of $21.56. The firm has a 50-day moving average price of $18.11 and a 200 day moving average price of $18.27.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. The business had revenue of $549.85 million during the quarter, compared to the consensus estimate of $507.22 million. During the same quarter last year, the company earned $0.16 EPS. On average, research analysts expect that Blue Owl Capital will post 0.79 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend was Wednesday, August 21st. Blue Owl Capital’s dividend payout ratio (DPR) is currently 450.03%.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors have recently made changes to their positions in the stock. Creative Planning grew its position in shares of Blue Owl Capital by 4.1% during the 3rd quarter. Creative Planning now owns 52,847 shares of the company’s stock worth $1,023,000 after buying an additional 2,076 shares during the period. Wesbanco Bank Inc. grew its holdings in Blue Owl Capital by 293.4% during the third quarter. Wesbanco Bank Inc. now owns 243,100 shares of the company’s stock valued at $4,706,000 after purchasing an additional 181,300 shares during the period. Affinity Wealth Management LLC raised its holdings in Blue Owl Capital by 5.3% in the third quarter. Affinity Wealth Management LLC now owns 13,347 shares of the company’s stock worth $258,000 after purchasing an additional 675 shares during the period. ORG Wealth Partners LLC bought a new position in shares of Blue Owl Capital during the third quarter worth $32,000. Finally, Capital Insight Partners LLC boosted its position in shares of Blue Owl Capital by 4.0% during the third quarter. Capital Insight Partners LLC now owns 33,941 shares of the company’s stock worth $657,000 after purchasing an additional 1,304 shares in the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

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.