3,051 Shares in Blackstone Inc. (NYSE:BX) Purchased by Atlas Legacy Advisors LLC

Atlas Legacy Advisors LLC acquired a new stake in shares of Blackstone Inc. (NYSE:BX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,051 shares of the asset manager's stock, valued at approximately $526,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BX. Bangor Savings Bank lifted its stake in shares of Blackstone by 187.5% in the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager's stock valued at $28,000 after buying an additional 105 shares during the period. Hager Investment Management Services LLC acquired a new stake in shares of Blackstone in the fourth quarter valued at $28,000. Berbice Capital Management LLC acquired a new position in shares of Blackstone during the fourth quarter worth approximately $34,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Blackstone during the fourth quarter valued at $34,000. Finally, Roxbury Financial LLC bought a new stake in shares of Blackstone during the fourth quarter worth approximately $34,000. Institutional investors own 70.00% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on BX. Piper Sandler upped their price objective on shares of Blackstone from $168.00 to $179.00 and gave the company a "neutral" rating in a research report on Monday, December 23rd. Keefe, Bruyette & Woods upped their price objective on Blackstone from $174.00 to $177.00 and gave the stock a "market perform" rating in a research note on Friday, January 31st. Citigroup boosted their price target on Blackstone from $170.00 to $190.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. StockNews.com downgraded shares of Blackstone from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their price objective on Blackstone from $149.00 to $154.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Blackstone currently has an average rating of "Hold" and an average price target of $172.38.

Blackstone Trading Down 3.5 %

NYSE:BX traded down $5.69 during trading hours on Friday, reaching $158.21. The company's stock had a trading volume of 4,662,276 shares, compared to its average volume of 3,336,160. The firm has a 50-day simple moving average of $174.18 and a 200-day simple moving average of $165.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.67. Blackstone Inc. has a 1 year low of $115.82 and a 1 year high of $200.96. The firm has a market capitalization of $114.23 billion, a price-to-earnings ratio of 43.58, a PEG ratio of 1.09 and a beta of 1.53.

Blackstone (NYSE:BX - Get Free Report) last released 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 return on equity of 19.58% and a net margin of 20.99%. Research analysts expect that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were paid a $1.44 dividend. The ex-dividend date was Monday, February 10th. This is a boost from Blackstone's previous quarterly dividend of $0.86. This represents a $5.76 annualized dividend and a dividend yield of 3.64%. Blackstone's dividend payout ratio (DPR) is presently 158.68%.

Insider Buying and Selling at Blackstone

In related news, Director Ruth Porat acquired 301 shares of Blackstone stock in a transaction on Tuesday, February 18th. The shares were acquired at an average cost of $164.85 per share, with a total value of $49,619.85. Following the transaction, the director now owns 36,829 shares in the company, valued at $6,071,260.65. This trade represents a 0.82 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.

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.