Partners Group Holding AG Has $46.06 Million Stake in Blackstone Inc. (NYSE:BX)

Partners Group Holding AG trimmed its stake in Blackstone Inc. (NYSE:BX - Free Report) by 21.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,129 shares of the asset manager's stock after selling 74,796 shares during the period. Blackstone accounts for approximately 1.6% of Partners Group Holding AG's holdings, making the stock its 10th largest position. Partners Group Holding AG's holdings in Blackstone were worth $46,058,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Bangor Savings Bank raised its holdings in Blackstone by 187.5% during the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager's stock valued at $28,000 after acquiring an additional 105 shares during the period. Hager Investment Management Services LLC bought a new stake in Blackstone during the 4th quarter valued at approximately $28,000. Centricity Wealth Management LLC bought a new position in Blackstone in the 4th quarter worth approximately $30,000. Berbice Capital Management LLC bought a new stake in shares of Blackstone during the fourth quarter valued at approximately $34,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of Blackstone during the fourth quarter worth $34,000. Institutional investors own 70.00% of the company's stock.

Blackstone Trading Down 1.3 %

BX traded down $1.86 during trading hours on Thursday, reaching $144.81. 2,993,025 shares of the company's stock traded hands, compared to its average volume of 3,295,085. Blackstone Inc. has a 52-week low of $115.82 and a 52-week high of $200.96. The firm has a market capitalization of $105.62 billion, a PE ratio of 39.89, a PEG ratio of 1.07 and a beta of 1.55. The firm has a 50-day moving average price of $161.69 and a 200 day moving average price of $167.38. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.61.

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Blackstone (NYSE:BX - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The asset manager reported $1.69 earnings per share for the quarter, beating 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%. As a group, sell-side analysts predict that Blackstone Inc. will post 5.87 EPS for the current fiscal 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 issued a $1.44 dividend. This is an increase from Blackstone's previous quarterly dividend of $0.86. This represents a $5.76 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend was Monday, February 10th. Blackstone's payout ratio is presently 158.68%.

Analysts Set New Price Targets

Several brokerages have commented on BX. Barclays reiterated an "equal weight" rating on shares of Blackstone in a research note on Friday, February 7th. JPMorgan Chase & Co. increased their price target on Blackstone from $149.00 to $154.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods upped their price objective on Blackstone from $174.00 to $177.00 and gave the stock a "market perform" rating in a report on Friday, January 31st. BMO Capital Markets upped their price target on shares of Blackstone from $134.00 to $157.00 and gave the company a "market perform" rating in a research note on Thursday, December 19th. Finally, StockNews.com cut shares of Blackstone from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $171.13.

Insider Buying and Selling

In other Blackstone news, Director Ruth Porat acquired 301 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were purchased 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 approximately $6,071,260.65. This trade represents a 0.82 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.00% of the stock is owned by insiders.

About Blackstone

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.