UBS Group Reaffirms “Hold” Rating for Blue Owl Capital (NYSE:OWL)

Blue Owl Capital (NYSE:OWL)‘s stock had its “hold” rating reissued by analysts at UBS Group in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They presently have a $18.00 target price on the stock. UBS Group’s price objective suggests a potential upside of 15.09% from the company’s current price.

Several other research analysts also recently issued reports on OWL. Piper Sandler cut their price objective on Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Oppenheimer set a $25.00 price target on Blue Owl Capital and gave the stock an “outperform” rating in a research report on Friday, October 31st. Raymond James Financial raised Blue Owl Capital from a “market perform” rating to a “strong-buy” rating and set a $20.00 price target for the company in a report on Wednesday. Barclays decreased their price objective on Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Blue Owl Capital from $21.50 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

Blue Owl Capital Stock Down 2.9%

Blue Owl Capital stock opened at $15.64 on Thursday. The firm has a market capitalization of $24.39 billion, a PE ratio of 260.71, a P/E/G ratio of 1.35 and a beta of 1.13. Blue Owl Capital has a 52 week low of $13.25 and a 52 week high of $26.73. The firm’s 50-day simple moving average is $15.64 and its 200 day simple moving average is $17.76.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, October 30th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Blue Owl Capital had a net margin of 1.89% and a return on equity of 20.05%. The firm had revenue of $687.00 million during the quarter, compared to the consensus estimate of $685.95 million. On average, research analysts expect that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Insider Activity at Blue Owl Capital

In related news, insider Craig Packer purchased 110,227 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were bought at an average price of $15.06 per share, for a total transaction of $1,660,018.62. Following the acquisition, the insider directly owned 94,000 shares in the company, valued at $1,415,640. This trade represents a -679.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas I. Ostrover acquired 139,327 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were purchased at an average price of $15.06 per share, with a total value of $2,098,264.62. Following the completion of the acquisition, the chief executive officer owned 158,000 shares in the company, valued at approximately $2,379,480. The trade was a 746.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 395,670 shares of company stock valued at $5,952,393 in the last ninety days. 27.44% of the stock is owned by company insiders.

Institutional Investors Weigh In On Blue Owl Capital

Institutional investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its stake in Blue Owl Capital by 117.0% during the third quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock worth $27,000 after acquiring an additional 867 shares during the last quarter. Banque Transatlantique SA purchased a new stake in shares of Blue Owl Capital during the 1st quarter worth about $31,000. SVB Wealth LLC acquired a new stake in Blue Owl Capital during the 1st quarter worth approximately $38,000. Safe Harbor Fiduciary LLC purchased a new position in Blue Owl Capital in the first quarter valued at approximately $50,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Blue Owl Capital by 58.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock valued at $50,000 after buying an additional 916 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Company Profile

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.