Blue Owl Capital Inc. (NYSE:OWL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Blue Owl Capital Inc. (NYSE:OWL) have received a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $13.4437.

OWL has been the topic of several research reports. Capital One Financial set a $12.00 price target on Blue Owl Capital in a research note on Monday, August 3rd. Keefe, Bruyette & Woods upgraded Blue Owl Capital to a “hold” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. lowered their price objective on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. TD Cowen restated a “buy” rating on shares of Blue Owl Capital in a research report on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Blue Owl Capital in a research report on Thursday, June 18th.

Blue Owl Capital Price Performance

NYSE OWL opened at $12.35 on Wednesday. The company’s fifty day moving average is $9.71 and its two-hundred day moving average is $10.15. Blue Owl Capital has a 52-week low of $7.95 and a 52-week high of $20.58. The firm has a market capitalization of $19.25 billion, a price-to-earnings ratio of 102.89, a P/E/G ratio of 1.30 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. The business had revenue of $693.56 million during the quarter, compared to analyst estimates of $693.15 million. As a group, sell-side analysts expect that Blue Owl Capital will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid a $0.23 dividend. The ex-dividend date is Thursday, August 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.5%. Blue Owl Capital’s dividend payout ratio is currently 766.67%.

Institutional Trading of Blue Owl Capital

Several institutional investors have recently made changes to their positions in the business. Capital World Investors raised its position in Blue Owl Capital by 5.9% in the fourth quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock worth $1,348,272,000 after purchasing an additional 5,029,134 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Blue Owl Capital by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 68,608,868 shares of the company’s stock valued at $1,025,016,000 after purchasing an additional 691,980 shares in the last quarter. Capital International Investors boosted its holdings in Blue Owl Capital by 4.3% during the fourth quarter. Capital International Investors now owns 65,402,615 shares of the company’s stock valued at $977,118,000 after purchasing an additional 2,676,281 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Blue Owl Capital by 8.4% in the 3rd quarter. Bank of America Corp DE now owns 22,563,953 shares of the company’s stock valued at $382,008,000 after purchasing an additional 1,751,024 shares during the period. Finally, Boston Partners grew its stake in shares of Blue Owl Capital by 16.2% in the 4th quarter. Boston Partners now owns 14,123,877 shares of the company’s stock valued at $211,270,000 after purchasing an additional 1,970,101 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

About Blue Owl Capital

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.