Wells Fargo & Company Has Lowered Expectations for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL) had its target price lowered by equities researchers at Wells Fargo & Company from $25.00 to $24.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 6.48% from the company’s previous close.

Several other equities research analysts have also recently weighed in on OWL. Oppenheimer upped their price target on Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods upped their price target on shares of 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 restated a “market outperform” rating and set a $27.00 target price on shares of Blue Owl Capital in a research report on Wednesday, December 4th. Finally, Piper Sandler lifted their target price on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. 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, Blue Owl Capital has an average rating of “Moderate Buy” and an average target price of $24.02.

Blue Owl Capital Stock Up 0.8 %

OWL opened at $22.54 on Tuesday. The firm has a 50-day moving average price of $23.46 and a 200-day moving average price of $20.54. Blue Owl Capital has a twelve month low of $14.42 and a twelve month high of $25.03. The company has a market capitalization of $33.66 billion, a price-to-earnings ratio of 132.60, a PEG ratio of 1.66 and a beta of 1.14.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. The business had revenue of $600.88 million during the quarter, compared to analyst estimates of $565.93 million. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. During the same period in the previous year, the business earned $0.16 EPS. On average, sell-side analysts expect that Blue Owl Capital will post 0.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Blue Owl Capital

Large investors have recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Blue Owl Capital by 29.9% during the third quarter. FMR LLC now owns 35,324,089 shares of the company’s stock valued at $683,874,000 after buying an additional 8,138,475 shares during the period. Stone Point Capital LLC bought a new position in shares of Blue Owl Capital in the 2nd quarter worth approximately $112,749,000. Point72 Asset Management L.P. lifted its stake in shares of Blue Owl Capital by 69.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 4,114,660 shares of the company’s stock valued at $73,035,000 after purchasing an additional 1,683,408 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Blue Owl Capital by 17.9% during the third quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after purchasing an additional 1,372,865 shares in the last quarter. Finally, Point72 Europe London LLP purchased a new stake in Blue Owl Capital in the second quarter worth $21,243,000. Institutional investors own 35.85% of the company’s stock.

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.