Blackstone Inc. (NYSE:BX) Shares Bought by Guggenheim Capital LLC

Guggenheim Capital LLC raised its stake in Blackstone Inc. (NYSE:BX - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 189,913 shares of the asset manager's stock after acquiring an additional 9,872 shares during the period. Guggenheim Capital LLC's holdings in Blackstone were worth $32,745,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Morse Asset Management Inc raised its stake in shares of Blackstone by 0.7% in the third quarter. Morse Asset Management Inc now owns 11,232 shares of the asset manager's stock valued at $1,720,000 after acquiring an additional 80 shares during the period. McIlrath & Eck LLC boosted its position in shares of Blackstone by 6.5% during the third quarter. McIlrath & Eck LLC now owns 1,019 shares of the asset manager's stock valued at $156,000 after buying an additional 62 shares during the period. Virtu Financial LLC purchased a new stake in shares of Blackstone during the third quarter valued at $5,163,000. Stock Yards Bank & Trust Co. grew its stake in Blackstone by 2.5% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 25,865 shares of the asset manager's stock worth $3,961,000 after acquiring an additional 624 shares in the last quarter. Finally, World Investment Advisors LLC increased its position in shares of Blackstone by 1.8% during the third quarter. World Investment Advisors LLC now owns 69,523 shares of the asset manager's stock worth $10,646,000 after acquiring an additional 1,238 shares during the period. Hedge funds and other institutional investors own 70.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group raised Blackstone from a "neutral" rating to a "buy" rating and set a $180.00 target price for the company in a research report on Monday, March 17th. Piper Sandler reduced their target price on shares of Blackstone from $182.00 to $140.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Keefe, Bruyette & Woods raised their target price on shares of Blackstone from $174.00 to $177.00 and gave the stock a "market perform" rating in a report on Friday, January 31st. JMP Securities upgraded Blackstone from a "market perform" rating to a "market outperform" rating and set a $165.00 price objective on the stock in a research report on Tuesday, April 8th. Finally, Citizens Jmp upgraded shares of Blackstone from a "market perform" rating to an "outperform" rating and set a $165.00 price objective for the company in a research report on Tuesday, April 8th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Blackstone presently has an average rating of "Hold" and a consensus price target of $155.72.

Blackstone Trading Up 0.7 %

BX traded up $0.88 during trading hours on Friday, reaching $130.26. The company's stock had a trading volume of 4,576,278 shares, compared to its average volume of 3,711,992. Blackstone Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $200.96. 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 stock has a market cap of $95.01 billion, a PE ratio of 35.88, a P/E/G ratio of 1.07 and a beta of 1.61. The business's 50-day moving average is $145.13 and its 200-day moving average is $164.76.

Blackstone (NYSE:BX - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The asset manager reported $1.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.22 by ($0.13). The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.95 billion. Blackstone had a return on equity of 19.58% and a net margin of 20.99%. During the same period in the previous year, the business posted $0.98 earnings per share. As a group, equities research analysts predict that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 28th will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.86%. Blackstone's dividend payout ratio (DPR) is 158.68%.

Insider Activity

In other Blackstone news, Director Ruth Porat acquired 301 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $164.85 per share, for a total transaction of $49,619.85. Following the completion of the acquisition, the director now owns 36,829 shares of the company's stock, valued at approximately $6,071,260.65. This trade represents a 0.82 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.