Blackstone Inc. (NYSE:BX) Shares Bought by Allworth Financial LP

Allworth Financial LP grew its stake in shares of Blackstone Inc. (NYSE:BX - Free Report) by 34.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,461 shares of the asset manager's stock after buying an additional 9,375 shares during the period. Allworth Financial LP's holdings in Blackstone were worth $6,664,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Sather Financial Group Inc lifted its holdings in Blackstone by 202.5% in the 3rd quarter. Sather Financial Group Inc now owns 6,050 shares of the asset manager's stock worth $926,000 after purchasing an additional 4,050 shares in the last quarter. Portside Wealth Group LLC purchased a new position in Blackstone in the 3rd quarter worth approximately $201,000. Aljian Capital Management LLC purchased a new position in Blackstone in the 3rd quarter worth approximately $1,951,000. Icon Wealth Advisors LLC lifted its holdings in Blackstone by 2,185.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 18,946 shares of the asset manager's stock worth $2,901,000 after purchasing an additional 18,117 shares in the last quarter. Finally, Wealthcare Capital Partners LLC purchased a new position in Blackstone in the 4th quarter worth approximately $2,102,000. 70.00% of the stock is owned by hedge funds and other institutional investors.

Blackstone Trading Down 1.8 %

Blackstone stock traded down $3.03 during mid-day trading on Thursday, hitting $163.83. The company's stock had a trading volume of 3,199,021 shares, compared to its average volume of 3,296,348. Blackstone Inc. has a one year low of $115.82 and a one year high of $200.96. The stock has a market cap of $118.28 billion, a PE ratio of 45.13, a P/E/G ratio of 1.09 and a beta of 1.53. The company has a 50 day moving average of $174.71 and a 200-day moving average of $165.04. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.67.

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 the consensus estimate of $1.50 by $0.19. Blackstone had a return on equity of 19.58% and a net margin of 20.99%. On average, research analysts anticipate that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were issued a $1.44 dividend. This represents a $5.76 annualized dividend and a dividend yield of 3.52%. This is a boost from Blackstone's previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Monday, February 10th. Blackstone's dividend payout ratio is currently 158.68%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Barclays decreased their price objective on Blackstone from $192.00 to $186.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on Blackstone from $149.00 to $154.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their price objective on Blackstone from $172.00 to $182.00 and gave the stock a "buy" rating in a report on Monday, November 11th. TD Cowen raised Blackstone from a "hold" rating to a "buy" rating and upped their price objective for the stock from $149.00 to $230.00 in a report on Monday, December 9th. Finally, Wells Fargo & Company decreased their price objective on Blackstone from $195.00 to $180.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 14th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Blackstone has a consensus rating of "Hold" and an average target price of $172.38.

Insider Buying and Selling

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