Callan Family Office LLC Acquires 8,078 Shares of Blackstone Inc. (NYSE:BX)

Callan Family Office LLC grew its position in Blackstone Inc. (NYSE:BX - Free Report) by 354.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,359 shares of the asset manager's stock after buying an additional 8,078 shares during the period. Callan Family Office LLC's holdings in Blackstone were worth $1,786,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bangor Savings Bank lifted its position in Blackstone by 187.5% in the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager's stock valued at $28,000 after acquiring an additional 105 shares in the last quarter. Hager Investment Management Services LLC bought a new stake in Blackstone in the 4th quarter valued at $28,000. Centricity Wealth Management LLC bought a new stake in Blackstone in the 4th quarter valued at $30,000. Roxbury Financial LLC bought a new stake in Blackstone in the 4th quarter valued at $34,000. Finally, Berbice Capital Management LLC bought a new stake in Blackstone in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 70.00% of the company's stock.

Analyst Upgrades and Downgrades

BX has been the topic of several research reports. UBS Group reaffirmed a "neutral" rating on shares of Blackstone in a research report on Monday, March 3rd. JPMorgan Chase & Co. boosted their price target on shares of Blackstone from $149.00 to $154.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Wells Fargo & Company cut their price target on shares of Blackstone from $195.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft boosted their price target 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. Finally, Piper Sandler boosted their price target on shares of Blackstone from $168.00 to $179.00 and gave the stock a "neutral" rating in a research report on Monday, December 23rd. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $172.38.

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Blackstone Stock Performance

Shares of NYSE:BX traded down $0.51 on Friday, reaching $145.12. 6,476,692 shares of the company's stock were exchanged, compared to its average volume of 3,295,543. The company has a fifty day moving average of $169.33 and a 200-day moving average of $167.00. Blackstone Inc. has a twelve month low of $115.82 and a twelve month high of $200.96. The company has a market capitalization of $105.86 billion, a price-to-earnings ratio of 39.98, a PEG ratio of 1.07 and a beta of 1.55. The company has a current ratio of 0.67, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61.

Blackstone (NYSE:BX - Get Free Report) last announced its earnings results on Thursday, January 30th. The asset manager reported $1.69 earnings per share (EPS) 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%. On average, research analysts predict that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Increases Dividend

The company also recently declared 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 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 dividend yield of 3.97%. Blackstone's dividend payout ratio (DPR) is currently 158.68%.

Insider Buying and Selling

In other news, Director Ruth Porat purchased 301 shares of Blackstone stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $164.85 per share, for a total transaction of $49,619.85. Following the transaction, the director now owns 36,829 shares of the company's stock, valued at approximately $6,071,260.65. The trade was a 0.82 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.00% of the stock is currently owned by company 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.