Deutsche Bank Aktiengesellschaft Increases Blue Owl Capital (NYSE:OWL) Price Target to $21.00

Blue Owl Capital (NYSE:OWL) had its price target hoisted by Deutsche Bank Aktiengesellschaft from $20.00 to $21.00 in a report released on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 14.69% from the company’s current price.

A number of other brokerages have also recently weighed in on OWL. UBS Group raised Blue Owl Capital from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $18.00 to $22.00 in a research note on Tuesday, April 2nd. JMP Securities reissued a “market outperform” rating and issued a $24.00 price target on shares of Blue Owl Capital in a research note on Tuesday, April 9th. Piper Sandler lifted their price target on Blue Owl Capital from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. The Goldman Sachs Group lifted their price target on Blue Owl Capital from $17.75 to $20.25 and gave the stock a “buy” rating in a research note on Monday, February 12th. Finally, TD Cowen started coverage on Blue Owl Capital in a research note on Thursday, January 4th. They set an “outperform” rating and a $17.00 target price on the stock. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average price target of $19.48.

Blue Owl Capital Stock Down 0.2 %

NYSE:OWL opened at $18.31 on Thursday. The business’s 50-day moving average price is $18.12 and its 200 day moving average price is $15.45. The firm has a market cap of $26.16 billion, a P/E ratio of 183.12, a PEG ratio of 1.19 and a beta of 1.27. Blue Owl Capital has a 52-week low of $9.70 and a 52-week high of $19.87.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Friday, February 9th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $494.04 million for the quarter, compared to analysts’ expectations of $438.77 million. Blue Owl Capital had a return on equity of 17.31% and a net margin of 3.14%. During the same quarter last year, the business posted $0.15 EPS. Sell-side analysts expect that Blue Owl Capital will post 0.84 EPS for the current year.

Insider Activity

In other news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of Blue Owl Capital stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $15.81, for a total transaction of $71,145,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 33.39% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Blue Owl Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Blue Owl Capital during the fourth quarter worth approximately $26,000. Headlands Technologies LLC acquired a new position in shares of Blue Owl Capital during the third quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Blue Owl Capital during the fourth quarter worth approximately $32,000. Quantbot Technologies LP acquired a new position in shares of Blue Owl Capital during the first quarter worth approximately $33,000. Finally, Private Trust Co. NA bought a new stake in shares of Blue Owl Capital during the third quarter valued at approximately $40,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

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.