Wells Fargo & Company Issues Pessimistic Forecast for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL) had its price objective decreased by research analysts at Wells Fargo & Company from $24.00 to $22.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 6.36% from the company’s previous close.

Several other analysts have also recently commented on the company. Keefe, Bruyette & Woods raised their target price on Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Barclays initiated coverage on Blue Owl Capital in a research report on Monday, February 24th. They set an “overweight” rating and a $29.00 price target on the stock. JMP Securities reiterated a “market outperform” rating and set a $32.00 price target (up from $30.00) on shares of Blue Owl Capital in a research report on Friday, February 7th. Citigroup reiterated a “buy” rating and set a $30.00 price target on shares of Blue Owl Capital in a research report on Thursday, January 23rd. Finally, Evercore ISI lifted their price target on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.33.

Blue Owl Capital Trading Up 0.2 %

Shares of NYSE OWL opened at $20.69 on Thursday. Blue Owl Capital has a 12-month low of $15.18 and a 12-month high of $26.73. The company has a market cap of $31.81 billion, a price-to-earnings ratio of 121.68, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19. The stock’s 50 day simple moving average is $22.67 and its 200 day simple moving average is $22.15.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 20.82% and a net margin of 4.77%. As a group, equities analysts forecast that Blue Owl Capital will post 0.92 earnings per share for the current fiscal year.

Institutional Trading of Blue Owl Capital

Several hedge funds and other institutional investors have recently modified their holdings of the business. Rakuten Securities Inc. acquired a new stake in Blue Owl Capital during the fourth quarter valued at $27,000. Allworth Financial LP boosted its position in Blue Owl Capital by 43.3% during the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock valued at $36,000 after purchasing an additional 428 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Blue Owl Capital by 232.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock valued at $44,000 after purchasing an additional 1,315 shares during the last quarter. Versant Capital Management Inc boosted its position in Blue Owl Capital by 136.2% during the fourth quarter. Versant Capital Management Inc now owns 1,925 shares of the company’s stock valued at $45,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Principal Securities Inc. boosted its position in Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock valued at $45,000 after purchasing an additional 450 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

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.