Blue Owl Capital (NYSE:OWL) Cut to “Neutral” at The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of Blue Owl Capital (NYSE:OWL) from a buy rating to a neutral rating in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The Goldman Sachs Group currently has $24.75 target price on the stock, down from their prior target price of $25.00.

A number of other equities analysts have also recently commented on OWL. Keefe, Bruyette & Woods lifted their target price on shares of Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a report on Friday, December 20th. JMP Securities restated a “market outperform” rating and issued a $27.00 price objective on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Oppenheimer increased their target price on shares of Blue Owl Capital from $24.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft raised their price target on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, UBS Group increased their price objective on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.10.

Blue Owl Capital Price Performance

NYSE OWL opened at $23.23 on Monday. The company has a fifty day moving average of $23.40 and a two-hundred day moving average of $20.42. The company has a market capitalization of $34.69 billion, a PE ratio of 136.66, a P/E/G ratio of 1.66 and a beta of 1.14. Blue Owl Capital has a 1 year low of $14.42 and a 1 year high of $25.03.

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

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.10%. The ex-dividend date was Monday, November 11th. Blue Owl Capital’s payout ratio is 423.53%.

Institutional Investors Weigh In On Blue Owl Capital

Several institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its stake in shares of Blue Owl Capital by 136.2% in 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 period. JPMorgan Chase & Co. lifted its position in shares of Blue Owl Capital by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,030,397 shares of the company’s stock valued at $174,829,000 after acquiring an additional 1,372,865 shares during the period. Franklin Resources Inc. boosted its stake in shares of Blue Owl Capital by 12.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,818,874 shares of the company’s stock worth $54,573,000 after acquiring an additional 311,385 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Blue Owl Capital in the 3rd quarter worth approximately $138,000. Finally, Sanctuary Advisors LLC increased its stake in Blue Owl Capital by 37.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 75,869 shares of the company’s stock valued at $1,469,000 after purchasing an additional 20,774 shares in the last quarter. 35.85% of the stock is currently 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.