AssuredPartners Investment Advisors LLC purchased a new stake in Blackstone Inc. (NYSE:BX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,286 shares of the asset manager's stock, valued at approximately $566,000.
A number of other institutional investors have also added to or reduced their stakes in BX. Intech Investment Management LLC purchased a new stake in Blackstone in the third quarter valued at approximately $631,000. Loomis Sayles & Co. L P lifted its holdings in shares of Blackstone by 8.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 948 shares of the asset manager's stock worth $145,000 after acquiring an additional 77 shares during the last quarter. FMR LLC increased its stake in Blackstone by 6.1% in the third quarter. FMR LLC now owns 2,155,068 shares of the asset manager's stock valued at $330,006,000 after acquiring an additional 124,462 shares during the last quarter. Townsquare Capital LLC raised its position in Blackstone by 8.7% during the third quarter. Townsquare Capital LLC now owns 18,367 shares of the asset manager's stock valued at $2,813,000 after purchasing an additional 1,466 shares in the last quarter. Finally, Cynosure Group LLC boosted its holdings in shares of Blackstone by 21.7% in the 3rd quarter. Cynosure Group LLC now owns 3,740 shares of the asset manager's stock worth $573,000 after purchasing an additional 667 shares in the last quarter. Hedge funds and other institutional investors own 70.00% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. Piper Sandler increased their target price on shares of Blackstone from $168.00 to $179.00 and gave the company a "neutral" rating in a report on Monday, December 23rd. JPMorgan Chase & Co. raised their price target on Blackstone from $149.00 to $154.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. StockNews.com lowered shares of Blackstone from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. BMO Capital Markets upped their target price on Blackstone from $134.00 to $157.00 and gave the stock a "market perform" rating in a report on Thursday, December 19th. Finally, TD Cowen upgraded shares of Blackstone from a "hold" rating to a "buy" rating and increased their price target for the stock from $149.00 to $230.00 in a research note on Monday, December 9th. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $171.13.
View Our Latest Research Report on Blackstone
Insider Buying and Selling
In other Blackstone news, Director Ruth Porat acquired 301 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of $164.85 per share, with a total value of $49,619.85. Following the transaction, the director now directly owns 36,829 shares of the company's stock, valued at $6,071,260.65. The trade was a 0.82 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.
Blackstone Stock Performance
Blackstone stock traded up $1.87 during midday trading on Tuesday, hitting $141.65. The stock had a trading volume of 813,180 shares, compared to its average volume of 3,437,457. 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 company has a market capitalization of $103.32 billion, a PE ratio of 38.96, a P/E/G ratio of 1.07 and a beta of 1.55. Blackstone Inc. has a 52-week low of $115.82 and a 52-week high of $200.96. The firm's fifty day moving average is $160.06 and its two-hundred day moving average is $167.67.
Blackstone (NYSE:BX - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The asset manager reported $1.69 EPS for the quarter, beating the consensus estimate of $1.50 by $0.19. Blackstone had a net margin of 20.99% and a return on equity of 19.58%. On average, research analysts forecast that Blackstone Inc. will post 5.87 EPS for the current year.
Blackstone Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were paid a $1.44 dividend. The ex-dividend date was Monday, February 10th. This represents a $5.76 annualized dividend and a dividend yield of 4.07%. This is an increase from Blackstone's previous quarterly dividend of $0.86. Blackstone's dividend payout ratio is currently 158.68%.
Blackstone Profile
(
Free Report)
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.
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