Wealth Enhancement Advisory Services LLC Has $230,000 Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 13.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,471 shares of the company’s stock after buying an additional 1,357 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Blue Owl Capital were worth $230,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of OWL. FMR LLC increased its holdings in Blue Owl Capital by 28.1% in the fourth quarter. FMR LLC now owns 45,241,160 shares of the company’s stock valued at $1,052,309,000 after purchasing an additional 9,917,071 shares during the period. Capital World Investors increased its holdings in Blue Owl Capital by 14.5% in the fourth quarter. Capital World Investors now owns 77,168,640 shares of the company’s stock valued at $1,794,943,000 after purchasing an additional 9,794,102 shares during the period. Cresset Asset Management LLC increased its holdings in Blue Owl Capital by 4,278.0% in the fourth quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company’s stock valued at $140,794,000 after purchasing an additional 5,914,804 shares during the period. Norges Bank acquired a new stake in Blue Owl Capital in the fourth quarter valued at $137,118,000. Finally, Vanguard Group Inc. increased its holdings in Blue Owl Capital by 11.7% in the fourth quarter. Vanguard Group Inc. now owns 53,206,392 shares of the company’s stock valued at $1,237,581,000 after purchasing an additional 5,558,868 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OWL. Barclays decreased 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. Wells Fargo & Company lifted their price objective 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. Cfra Research raised Blue Owl Capital to a “moderate buy” rating in a research note on Thursday, March 27th. Citigroup lowered their target price on Blue Owl Capital from $30.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, UBS Group lowered their target price on Blue Owl Capital from $26.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.02.

Blue Owl Capital Price Performance

Shares of OWL opened at $19.44 on Thursday. The stock has a 50-day moving average of $18.92 and a 200-day moving average of $20.56. The company has a market cap of $29.90 billion, a PE ratio of 149.55, a P/E/G ratio of 1.30 and a beta of 1.17. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $620.19 million during the quarter, compared to analyst estimates of $636.44 million. Blue Owl Capital had a net margin of 3.73% and a return on equity of 19.74%. Analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a $0.225 dividend. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, May 14th. This represents a $0.90 annualized dividend and a yield of 4.63%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 692.31%.

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.