BMO Capital Markets Issues Pessimistic Forecast for Blue Owl Capital (NYSE:OWL) Stock Price

Blue Owl Capital (NYSE:OWL) had its price target dropped by equities research analysts at BMO Capital Markets from $15.00 to $11.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 21.88% from the stock’s previous close.

OWL has been the subject of several other research reports. Piper Sandler decreased their target price on Blue Owl Capital from $21.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Citizens Jmp cut their price objective on shares of Blue Owl Capital from $26.00 to $23.00 and set a “market outperform” rating on the stock in a report on Tuesday, March 17th. Evercore set a $14.00 price objective on shares of Blue Owl Capital in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft cut shares of Blue Owl Capital from a “buy” rating to a “hold” rating and lowered their target price for the company from $15.00 to $10.00 in a report on Tuesday, February 24th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus target price of $16.63.

Blue Owl Capital Price Performance

NYSE:OWL opened at $9.03 on Tuesday. Blue Owl Capital has a 12 month low of $8.55 and a 12 month high of $21.82. The firm has a market capitalization of $14.03 billion, a PE ratio of 90.26, a price-to-earnings-growth ratio of 0.81 and a beta of 1.15. The business’s fifty day moving average price is $11.76 and its 200 day moving average price is $14.58.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Blue Owl Capital had a return on equity of 20.93% and a net margin of 2.75%.The company had revenue of $701.47 million during the quarter, compared to the consensus estimate of $712.75 million. As a group, equities analysts anticipate that Blue Owl Capital will post 0.92 EPS for the current year.

Hedge Funds Weigh In On Blue Owl Capital

Several institutional investors have recently added to or reduced their stakes in OWL. Norges Bank acquired a new stake in Blue Owl Capital during the 2nd quarter worth approximately $183,294,000. William Blair Investment Management LLC purchased a new position in shares of Blue Owl Capital in the 4th quarter valued at approximately $113,782,000. Boston Partners increased its holdings in shares of Blue Owl Capital by 121.9% in the third quarter. Boston Partners now owns 12,153,776 shares of the company’s stock valued at $205,493,000 after purchasing an additional 6,677,610 shares during the period. Capital World Investors increased its holdings in shares of Blue Owl Capital by 5.9% in the fourth quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock valued at $1,348,272,000 after purchasing an additional 5,029,134 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Blue Owl Capital by 7.9% during the third quarter. Vanguard Group Inc. now owns 67,916,888 shares of the company’s stock worth $1,149,833,000 after purchasing an additional 4,968,526 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.