Advyzon Investment Management LLC Makes New Investment in Blackstone Inc. (NYSE:BX)

Advyzon Investment Management LLC bought a new position in shares of Blackstone Inc. (NYSE:BX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,211 shares of the asset manager's stock, valued at approximately $381,000.

A number of other hedge funds have also modified their holdings of the business. Bangor Savings Bank boosted its position in shares of Blackstone by 187.5% during the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager's stock worth $28,000 after buying an additional 105 shares during the period. Hager Investment Management Services LLC purchased a new position in Blackstone during the 4th quarter valued at about $28,000. Berbice Capital Management LLC purchased a new stake in Blackstone during the fourth quarter worth about $34,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Blackstone in the fourth quarter valued at approximately $34,000. Finally, Roxbury Financial LLC purchased a new stake in shares of Blackstone during the fourth quarter worth $34,000. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Blackstone

In related news, Director Ruth Porat purchased 301 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average price of $164.85 per share, for a total transaction of $49,619.85. Following the acquisition, the director now directly owns 36,829 shares of the company's stock, valued at $6,071,260.65. This trade represents a 0.82 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

Blackstone Stock Performance

Shares of NYSE BX traded down $5.69 during midday trading on Friday, reaching $158.21. 4,662,276 shares of the company were exchanged, compared to its average volume of 3,336,160. The stock has a fifty day simple moving average of $174.18 and a 200 day simple moving average of $165.03. The company has a current ratio of 0.67, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61. The stock has a market cap of $114.23 billion, a P/E ratio of 43.58, a PEG ratio of 1.09 and a beta of 1.53. Blackstone Inc. has a 1 year low of $115.82 and a 1 year high of $200.96.

Blackstone (NYSE:BX - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The asset manager reported $1.69 EPS for the quarter, topping the consensus estimate of $1.50 by $0.19. Blackstone had a return on equity of 19.58% and a net margin of 20.99%. On average, research analysts forecast that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were issued a dividend of $1.44 per share. This is a boost from Blackstone's previous quarterly dividend of $0.86. This represents a $5.76 annualized dividend and a yield of 3.64%. The ex-dividend date was Monday, February 10th. Blackstone's dividend payout ratio is currently 158.68%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BX shares. Wells Fargo & Company decreased their price objective on Blackstone from $195.00 to $180.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their price target on shares of Blackstone from $174.00 to $177.00 and gave the stock a "market perform" rating in a report on Friday, January 31st. UBS Group lifted their price objective on shares of Blackstone from $170.00 to $180.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. TD Cowen upgraded Blackstone from a "hold" rating to a "buy" rating and raised their price target for the company from $149.00 to $230.00 in a research note on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Blackstone from $172.00 to $182.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $172.38.

Blackstone Profile

Blackstone Inc is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.