Blue Owl Capital (NYSE:OWL) Raised to “Hold” at Keefe, Bruyette & Woods

Blue Owl Capital (NYSE:OWL) was upgraded by analysts at Keefe, Bruyette & Woods to a “hold” rating in a report released on Monday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Oppenheimer lowered their target price on Blue Owl Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, July 17th. Barclays cut their price target on Blue Owl Capital from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 9th. The Goldman Sachs Group lowered their price objective on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Citizens Jmp lowered their price objective on shares of Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating for the company in a research note on Thursday, July 9th. Finally, Capital One Financial set a $11.00 target price on shares of Blue Owl Capital in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.16.

Blue Owl Capital Stock Performance

Shares of NYSE OWL opened at $9.40 on Monday. The firm has a market capitalization of $14.61 billion, a price-to-earnings ratio of 78.34, a PEG ratio of 1.01 and a beta of 1.22. The stock has a 50 day moving average price of $9.51 and a 200 day moving average price of $10.68. Blue Owl Capital has a 52-week low of $7.95 and a 52-week high of $20.68.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $699.88 million for the quarter, compared to analysts’ expectations of $687.23 million. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%. Analysts forecast that Blue Owl Capital will post 0.87 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in Blue Owl Capital by 50.0% during the first quarter. Royal Bank of Canada now owns 397,990 shares of the company’s stock valued at $7,976,000 after purchasing an additional 132,637 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Blue Owl Capital by 4.0% in the second quarter. Russell Investments Group Ltd. now owns 44,215 shares of the company’s stock worth $849,000 after purchasing an additional 1,703 shares in the last quarter. Jump Financial LLC bought a new position in Blue Owl Capital in the second quarter worth about $238,000. California Public Employees Retirement System lifted its position in shares of Blue Owl Capital by 28.2% during the second quarter. California Public Employees Retirement System now owns 787,255 shares of the company’s stock valued at $15,123,000 after buying an additional 172,982 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Blue Owl Capital by 10.6% during the second quarter. State Street Corp now owns 9,880,565 shares of the company’s stock valued at $189,806,000 after buying an additional 950,700 shares during the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

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.