Blue Owl Capital Inc. $OWL Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 6.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,195 shares of the company’s stock after purchasing an additional 724 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Blue Owl Capital were worth $239,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Wedmont Private Capital acquired a new position in Blue Owl Capital during the 2nd quarter worth approximately $194,000. Dynamic Advisor Solutions LLC grew its holdings in Blue Owl Capital by 12.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 219,488 shares of the company’s stock worth $4,216,000 after acquiring an additional 24,827 shares in the last quarter. Parallel Advisors LLC grew its holdings in Blue Owl Capital by 18.1% during the 2nd quarter. Parallel Advisors LLC now owns 7,637 shares of the company’s stock worth $147,000 after acquiring an additional 1,169 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Blue Owl Capital by 26.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,994,159 shares of the company’s stock worth $39,963,000 after acquiring an additional 420,809 shares in the last quarter. Finally, Select Equity Group L.P. acquired a new position in Blue Owl Capital during the 1st quarter worth approximately $38,810,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on OWL. The Goldman Sachs Group lowered their price target on shares of Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating for the company in a report on Monday. Piper Sandler reduced their price objective on shares of Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating for the company in a research report on Thursday. Oppenheimer boosted their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, July 14th. Evercore ISI boosted their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Finally, BMO Capital Markets initiated coverage on shares of Blue Owl Capital in a research report on Friday, October 3rd. They set an “outperform” rating and a $18.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus price target of $22.85.

Blue Owl Capital Trading Down 1.7%

Shares of NYSE OWL opened at $16.23 on Friday. The stock has a market cap of $25.14 billion, a price-to-earnings ratio of 180.30, a PEG ratio of 1.14 and a beta of 1.13. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73. The company’s 50-day moving average price is $18.32 and its 200 day moving average price is $18.67.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. The company had revenue of $703.11 million for the quarter, compared to analysts’ expectations of $642.13 million. As a group, research analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Thursday, August 14th. Blue Owl Capital’s payout ratio is 1,000.00%.

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.