Blackstone Inc. (NYSE:BX) Stock Holdings Increased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in shares of Blackstone Inc. (NYSE:BX - Free Report) by 16.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 168,201 shares of the asset manager's stock after purchasing an additional 23,420 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Blackstone were worth $29,225,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Sather Financial Group Inc raised its position in shares of Blackstone by 202.5% during the 3rd quarter. Sather Financial Group Inc now owns 6,050 shares of the asset manager's stock worth $926,000 after purchasing an additional 4,050 shares during the last quarter. Portside Wealth Group LLC purchased a new stake in shares of Blackstone in the third quarter valued at $201,000. Aljian Capital Management LLC purchased a new stake in Blackstone during the 3rd quarter worth about $1,951,000. Icon Wealth Advisors LLC lifted its holdings in Blackstone by 2,185.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 18,946 shares of the asset manager's stock valued at $2,901,000 after purchasing an additional 18,117 shares in the last quarter. Finally, Wealthcare Capital Partners LLC purchased a new stake in shares of Blackstone during the fourth quarter worth about $2,102,000. Institutional investors and hedge funds own 70.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Blackstone from $149.00 to $154.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Wells Fargo & Company reduced their target price on Blackstone from $195.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods upped their price objective on shares of Blackstone from $174.00 to $177.00 and gave the company a "market perform" rating in a research note on Friday, January 31st. BMO Capital Markets raised their target price on shares of Blackstone from $134.00 to $157.00 and gave the stock a "market perform" rating in a research report on Thursday, December 19th. Finally, Barclays cut their price target on shares of Blackstone from $192.00 to $186.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $172.38.

Blackstone Stock Up 0.0 %

Shares of BX traded up $0.07 during mid-day trading on Wednesday, reaching $166.81. 2,151,243 shares of the stock traded hands, compared to its average volume of 3,253,089. The stock has a fifty day simple moving average of $175.23 and a 200 day simple moving average of $165.03. The firm has a market cap of $120.44 billion, a price-to-earnings ratio of 45.95, a P/E/G ratio of 1.07 and a beta of 1.53. Blackstone Inc. has a 12-month low of $115.82 and a 12-month high of $200.96. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.61.

Blackstone (NYSE:BX - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The asset manager reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.50 by $0.19. Blackstone had a net margin of 20.99% and a return on equity of 19.58%. Sell-side analysts expect that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were given a dividend of $1.44 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $5.76 dividend on an annualized basis and a dividend yield of 3.45%. This is an increase from Blackstone's previous quarterly dividend of $0.86. Blackstone's dividend payout ratio (DPR) is presently 158.68%.

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.