3,637 Shares in Blackstone Inc. (NYSE:BX) Purchased by Aveo Capital Partners LLC

Aveo Capital Partners LLC purchased a new position in shares of Blackstone Inc. (NYSE:BX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,637 shares of the asset manager's stock, valued at approximately $627,000.

A number of other hedge funds also recently made changes to their positions in the stock. Bangor Savings Bank grew its stake in 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 acquired a new stake in Blackstone in the 4th quarter valued at $28,000. Berbice Capital Management LLC purchased a new position in Blackstone in the fourth quarter valued at about $34,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Blackstone in the fourth quarter worth about $34,000. Finally, Raleigh Capital Management Inc. lifted its position in Blackstone by 32.1% during the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager's stock worth $39,000 after acquiring an additional 62 shares in the last quarter. Institutional investors and hedge funds own 70.00% of the company's stock.

Blackstone Price Performance

NYSE:BX traded up $0.07 during midday trading on Wednesday, hitting $166.81. 3,162,541 shares of the stock were exchanged, compared to its average volume of 3,299,385. Blackstone Inc. has a one year low of $115.82 and a one year high of $200.96. 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 business has a 50-day moving average price of $175.23 and a two-hundred day moving average price of $165.03. The company has a market capitalization 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 (NYSE:BX - Get Free Report) last issued its earnings results on Thursday, January 30th. The asset manager reported $1.69 earnings per share for the quarter, topping 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 predict that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were given a dividend of $1.44 per share. This is a boost 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 dividend on an annualized basis and a yield of 3.45%. Blackstone's dividend payout ratio (DPR) is presently 158.68%.

Analysts Set New Price Targets

BX has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Blackstone from $172.00 to $182.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Piper Sandler lifted their target price on Blackstone from $168.00 to $179.00 and gave the stock a "neutral" rating in a research report on Monday, December 23rd. StockNews.com downgraded Blackstone from a "buy" rating to a "hold" rating in a report on Friday, January 31st. UBS Group lifted their price target on shares of Blackstone from $170.00 to $180.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Finally, Citigroup upped their target price on shares of Blackstone from $170.00 to $190.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.