Blue Owl Capital (NYSE:OWL) Stock Rating Lowered by The Goldman Sachs Group

Blue Owl Capital (NYSE:OWL) was downgraded by investment analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a report released on Monday,Briefing.com Automated Import reports. They currently have a $24.75 price objective on the stock, down from their prior price objective of $25.00. The Goldman Sachs Group’s price target would indicate a potential upside of 3.00% from the company’s previous close.

A number of other analysts have also recently weighed in on OWL. Evercore ISI raised their price target on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. UBS Group raised their target price on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 price target on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Oppenheimer raised their price objective 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. Finally, Deutsche Bank Aktiengesellschaft upped 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. 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.10.

Blue Owl Capital Stock Up 1.9 %

Shares of NYSE:OWL opened at $24.03 on Monday. The company has a market capitalization of $35.89 billion, a price-to-earnings ratio of 141.36, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. The firm has a 50 day moving average of $23.40 and a 200 day moving average of $20.32. Blue Owl Capital has a 52 week low of $14.42 and a 52 week 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 for the quarter, hitting 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 firm had revenue of $600.88 million during the quarter, compared to analysts’ expectations of $565.93 million. During the same period in the prior year, the business posted $0.16 EPS. On average, sell-side 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 have recently bought and sold shares of the business. Kovitz Investment Group Partners LLC boosted its holdings in shares of Blue Owl Capital by 1.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,852 shares of the company’s stock valued at $622,000 after acquiring an additional 443 shares during the last quarter. King Luther Capital Management Corp lifted its position in Blue Owl Capital by 0.6% during the third quarter. King Luther Capital Management Corp now owns 79,919 shares of the company’s stock valued at $1,547,000 after purchasing an additional 485 shares during the period. Apollon Wealth Management LLC boosted its holdings in Blue Owl Capital by 1.1% in the third quarter. Apollon Wealth Management LLC now owns 52,097 shares of the company’s stock valued at $1,009,000 after purchasing an additional 565 shares during the last quarter. PNC Financial Services Group Inc. grew its position 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 period. Finally, MAI Capital Management raised its stake in shares of Blue Owl Capital by 0.3% during the 3rd quarter. MAI Capital Management now owns 189,251 shares of the company’s stock valued at $3,664,000 after buying an additional 607 shares during the last quarter. 35.85% of the stock is owned by hedge funds and other 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.