B. Metzler seel. Sohn & Co. Holding AG Makes New $4.08 Million Investment in Blackstone Inc. (NYSE:BX)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Blackstone Inc. (NYSE:BX - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 26,662 shares of the asset manager's stock, valued at approximately $4,083,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Sather Financial Group Inc lifted its holdings 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 acquiring an additional 4,050 shares during the period. Portside Wealth Group LLC acquired a new stake in shares of Blackstone during the 3rd quarter worth $201,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Blackstone by 1.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 431,784 shares of the asset manager's stock valued at $53,455,000 after acquiring an additional 7,692 shares during the last quarter. Aljian Capital Management LLC acquired a new stake in Blackstone during the third quarter worth about $1,951,000. Finally, Blue Trust Inc. lifted its stake in shares of Blackstone by 936.2% in the 2nd quarter. Blue Trust Inc. now owns 5,958 shares of the asset manager's stock valued at $783,000 after purchasing an additional 5,383 shares in the last quarter. Hedge funds and other institutional investors own 70.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BX shares. TD Cowen boosted their price objective on shares of Blackstone from $133.00 to $149.00 and gave the stock a "hold" rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft upped their target price on Blackstone from $172.00 to $182.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Barclays upped their price target on Blackstone from $155.00 to $174.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. Evercore ISI raised their price target on shares of Blackstone from $148.00 to $155.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Finally, Cowen restated a "hold" rating on shares of Blackstone in a research note on Friday, October 18th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Blackstone has an average rating of "Hold" and an average price target of $157.63.

Blackstone Trading Up 0.1 %

Blackstone stock opened at $185.03 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. Blackstone Inc. has a 1 year low of $105.47 and a 1 year high of $187.12. The firm's 50-day moving average is $163.95 and its 200-day moving average is $141.57. The company has a market cap of $133.59 billion, a P/E ratio of 63.58, a PEG ratio of 1.57 and a beta of 1.49.

Blackstone (NYSE:BX - Get Free Report) last posted its earnings results on Thursday, October 17th. The asset manager reported $1.01 EPS for the quarter, beating the consensus estimate of $0.91 by $0.10. The company had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.37 billion. Blackstone had a return on equity of 17.53% and a net margin of 19.46%. On average, equities analysts expect that Blackstone Inc. will post 4.4 earnings per share for the current year.

Blackstone Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Monday, October 28th were given a $0.86 dividend. This is a boost from Blackstone's previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Monday, October 28th. This represents a $3.44 annualized dividend and a yield of 1.86%. Blackstone's dividend payout ratio is 118.21%.

Insider Activity

In other news, insider John G. Finley sold 42,249 shares of Blackstone stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $175.94, for a total value of $7,433,289.06. Following the transaction, the insider now owns 387,137 shares of the company's stock, valued at $68,112,883.78. The trade was a 9.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Joseph Baratta sold 116,448 shares of the business's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $150.81, for a total value of $17,561,522.88. Following the sale, the director now owns 799,749 shares in the company, valued at approximately $120,610,146.69. The trade was a 12.71 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

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.