Blackstone Inc. (NYSE:BX) Position Lessened by Autumn Glory Partners LLC

Autumn Glory Partners LLC cut its stake in shares of Blackstone Inc. (NYSE:BX - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,970 shares of the asset manager's stock after selling 1,970 shares during the quarter. Autumn Glory Partners LLC's holdings in Blackstone were worth $340,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in Blackstone by 15,357.3% in the third quarter. International Assets Investment Management LLC now owns 4,201,150 shares of the asset manager's stock valued at $6,433,220,000 after purchasing an additional 4,173,971 shares during the last quarter. Jennison Associates LLC raised its position in Blackstone by 111.1% during the fourth quarter. Jennison Associates LLC now owns 973,348 shares of the asset manager's stock worth $167,825,000 after acquiring an additional 512,165 shares during the last quarter. Castleark Management LLC purchased a new stake in Blackstone in the 3rd quarter valued at approximately $67,472,000. State Street Corp increased its position in Blackstone by 1.2% during the third quarter. State Street Corp now owns 30,020,426 shares of the asset manager's stock worth $4,597,028,000 after buying an additional 348,751 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Blackstone by 2.3% in the third quarter. Geode Capital Management LLC now owns 14,896,413 shares of the asset manager's stock valued at $2,272,227,000 after acquiring an additional 336,308 shares in the last quarter. 70.00% of the stock is owned by hedge funds and other institutional investors.

Blackstone Stock Up 0.0 %

Blackstone stock traded up $0.07 during midday trading on Wednesday, hitting $166.81. 3,162,580 shares of the stock were exchanged, compared to its average volume of 3,299,386. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.67 and a quick ratio of 0.71. The company has a 50 day moving average price of $175.23 and a two-hundred day moving average price of $165.03. The firm has a market cap of $120.44 billion, a P/E ratio of 45.95, a P/E/G ratio of 1.07 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 issued its earnings results on Thursday, January 30th. The asset manager reported $1.69 earnings per share (EPS) 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%. On average, sell-side analysts predict that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were paid a dividend of $1.44 per share. This is a positive change from Blackstone's previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Monday, February 10th. This represents a $5.76 annualized dividend and a yield of 3.45%. Blackstone's payout ratio is presently 158.68%.

Wall Street Analysts Forecast Growth

BX has been the subject of several analyst reports. BMO Capital Markets boosted their target price on shares of Blackstone from $134.00 to $157.00 and gave the company a "market perform" rating in a research note on Thursday, December 19th. StockNews.com lowered shares of Blackstone from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on Blackstone from $149.00 to $154.00 and gave the company a "neutral" rating in a report on Friday, January 31st. TD Cowen upgraded Blackstone from a "hold" rating to a "buy" rating and upped their target price for the company from $149.00 to $230.00 in a research note on Monday, December 9th. Finally, Keefe, Bruyette & Woods lifted their price target on Blackstone from $174.00 to $177.00 and gave the company a "market perform" rating in a report on Friday, January 31st. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $172.38.

Blackstone Company 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.