BMO Capital Markets Upgrades Blue Owl Capital (NYSE:OWL) to Strong-Buy

Blue Owl Capital (NYSE:OWL) was upgraded by research analysts at BMO Capital Markets to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Evercore ISI lifted their target price on Blue Owl Capital from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Piper Sandler lifted their target price on Blue Owl Capital from $22.50 to $23.50 and gave the company an “overweight” rating in a research report on Wednesday, July 2nd. Cowen reiterated a “buy” rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Barclays lifted their target price on Blue Owl Capital from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Blue Owl Capital in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $23.56.

Blue Owl Capital Stock Up 1.2%

OWL stock opened at $16.25 on Thursday. The company has a market cap of $25.17 billion, a PE ratio of 180.52, a price-to-earnings-growth ratio of 1.05 and a beta of 1.13. The business has a 50-day simple moving average of $18.58 and a 200 day simple moving average of $18.80. Blue Owl Capital has a 52 week low of $14.55 and a 52 week high of $26.73.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. The business had revenue of $703.11 million during the quarter, compared to the consensus estimate of $642.13 million. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%. On average, analysts anticipate that Blue Owl Capital will post 0.92 EPS for the current fiscal year.

Institutional Trading of Blue Owl Capital

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Blue Owl Capital by 4.2% during the second quarter. Vanguard Group Inc. now owns 62,948,362 shares of the company’s stock worth $1,209,238,000 after purchasing an additional 2,535,475 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Blue Owl Capital by 14.6% during the second quarter. Geode Capital Management LLC now owns 10,293,279 shares of the company’s stock worth $197,766,000 after purchasing an additional 1,313,108 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Blue Owl Capital by 2.4% during the second quarter. JPMorgan Chase & Co. now owns 9,904,618 shares of the company’s stock worth $190,270,000 after purchasing an additional 232,890 shares during the last quarter. State Street Corp grew its holdings 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 worth $189,806,000 after purchasing an additional 950,700 shares during the last quarter. Finally, Norges Bank bought a new stake in Blue Owl Capital in the second quarter valued at approximately $183,294,000. 35.85% of the stock is currently owned by institutional investors.

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.