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

Blue Owl Capital (NYSE:OWL) had its price objective lowered by research analysts at Barclays from $29.00 to $20.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 25.75% from the stock’s previous close.

OWL has been the topic of several other research reports. Cfra Research raised Blue Owl Capital to a “moderate buy” rating in a research note on Thursday, March 27th. Piper Sandler boosted their price objective on shares of Blue Owl Capital from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Evercore ISI increased their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. The Goldman Sachs Group lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and decreased their price target for the company from $25.00 to $24.75 in a report on Monday, January 6th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $32.00 price objective (up previously from $30.00) on shares of Blue Owl Capital in a research note on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $25.63.

Blue Owl Capital Stock Performance

NYSE:OWL traded up $0.00 on Monday, hitting $15.90. 3,682,537 shares of the stock were exchanged, compared to its average volume of 6,190,736. The stock has a market capitalization of $24.46 billion, a price-to-earnings ratio of 94.66, a P/E/G ratio of 1.23 and a beta of 1.20. Blue Owl Capital has a 52 week low of $14.58 and a 52 week high of $26.73. The company’s 50-day moving average price is $21.82 and its 200 day moving average price is $22.43.

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

Institutional Investors Weigh In On Blue Owl Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital World Investors raised its holdings in Blue Owl Capital by 14.5% during the fourth quarter. Capital World Investors now owns 77,168,640 shares of the company’s stock worth $1,794,943,000 after acquiring an additional 9,794,102 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Blue Owl Capital by 11.7% in the 4th quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company’s stock valued at $1,237,581,000 after buying an additional 5,558,868 shares during the last quarter. FMR LLC grew its stake in shares of Blue Owl Capital by 28.1% in the fourth quarter. FMR LLC now owns 45,241,160 shares of the company’s stock valued at $1,052,309,000 after buying an additional 9,917,071 shares in the last quarter. JPMorgan Chase & Co. raised its position in Blue Owl Capital by 2.4% during the fourth quarter. JPMorgan Chase & Co. now owns 9,248,983 shares of the company’s stock worth $215,131,000 after acquiring an additional 218,586 shares in the last quarter. Finally, State Street Corp lifted its stake in Blue Owl Capital by 5.6% in the third quarter. State Street Corp now owns 8,452,073 shares of the company’s stock valued at $163,632,000 after acquiring an additional 449,066 shares during the last quarter. 35.85% of the stock is owned by 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.