Wealth Enhancement Advisory Services LLC Acquires New Shares in Blue Owl Capital Inc. (NYSE:OWL)

Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 10,114 shares of the company’s stock, valued at approximately $235,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OWL. Rakuten Securities Inc. purchased a new position in Blue Owl Capital during the fourth quarter worth about $27,000. Allworth Financial LP grew its position in Blue Owl Capital by 43.3% during the fourth quarter. Allworth Financial LP now owns 1,416 shares of the company’s stock worth $36,000 after buying an additional 428 shares in the last quarter. Jones Financial Companies Lllp grew its position in Blue Owl Capital by 232.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,880 shares of the company’s stock worth $44,000 after buying an additional 1,315 shares in the last quarter. Principal Securities Inc. grew its position in Blue Owl Capital by 30.6% during the fourth quarter. Principal Securities Inc. now owns 1,921 shares of the company’s stock worth $45,000 after buying an additional 450 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Blue Owl Capital by 182.2% during the fourth quarter. Blue Trust Inc. now owns 2,029 shares of the company’s stock worth $47,000 after buying an additional 1,310 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on OWL. Wells Fargo & Company boosted their target price on Blue Owl Capital from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, May 23rd. Piper Sandler reduced their target price on Blue Owl Capital from $27.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Citigroup reduced their target price on Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $20.00 to $23.00 in a report on Tuesday, May 20th. Finally, Barclays cut their price objective on Blue Owl Capital from $29.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, April 7th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.81.

Blue Owl Capital Price Performance

Shares of OWL stock opened at $18.85 on Tuesday. The stock has a market capitalization of $28.99 billion, a PE ratio of 110.90, a P/E/G ratio of 1.23 and a beta of 1.18. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The business has a 50-day moving average of $18.44 and a 200 day moving average of $21.06.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $620.19 million for the quarter, compared to analysts’ expectations of $636.44 million. Blue Owl Capital had a net margin of 4.77% and a return on equity of 20.82%. Analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.18. This represents a $0.90 annualized dividend and a yield of 4.77%. Blue Owl Capital’s dividend payout ratio is currently 692.31%.

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.