Blue Owl Capital (NYSE:OWL) Given New $23.00 Price Target at Citigroup

Blue Owl Capital (NYSE:OWL) had its target price cut by research analysts at Citigroup from $30.00 to $23.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 44.36% from the company’s previous close.

A number of other equities analysts also recently commented on OWL. The Goldman Sachs Group downgraded shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $25.00 to $24.75 in a research note on Monday, January 6th. TD Cowen raised shares of Blue Owl Capital from a “hold” rating to a “buy” rating and raised their target price for the company from $26.00 to $28.00 in a research note on Thursday, January 16th. Evercore ISI upped their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Wells Fargo & Company lowered their price objective on shares of Blue Owl Capital from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 20th. Finally, Piper Sandler reduced their price target on Blue Owl Capital from $27.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $24.33.

Blue Owl Capital Stock Performance

Shares of NYSE:OWL traded down $0.48 during trading on Tuesday, hitting $15.93. 19,235,005 shares of the stock were exchanged, compared to its average volume of 6,287,729. The company’s fifty day simple moving average is $21.64 and its 200-day simple moving average is $22.41. Blue Owl Capital has a 1-year low of $14.55 and a 1-year high of $26.73. The company has a market capitalization of $24.50 billion, a price-to-earnings ratio of 93.72, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20.

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

Institutional Investors Weigh In On Blue Owl Capital

Several hedge funds and other institutional investors have recently modified their holdings of OWL. Rothschild Investment LLC increased its stake in Blue Owl Capital by 316.1% in the 4th quarter. Rothschild Investment LLC now owns 33,955 shares of the company’s stock worth $790,000 after acquiring an additional 25,795 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Blue Owl Capital by 17.9% in 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. Arizona State Retirement System grew its stake in Blue Owl Capital by 14.7% in the 4th quarter. Arizona State Retirement System now owns 154,708 shares of the company’s stock worth $3,599,000 after buying an additional 19,810 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in shares of Blue Owl Capital in the 4th quarter worth $1,773,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Blue Owl Capital by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,447,057 shares of the company’s stock valued at $80,179,000 after buying an additional 106,485 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors.

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.