Blackstone Inc. (NYSE:BX) Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. decreased its holdings in Blackstone Inc. (NYSE:BX - Free Report) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 177,637 shares of the asset manager's stock after selling 3,074 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Blackstone were worth $30,605,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC increased its holdings in Blackstone by 91.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 41,685 shares of the asset manager's stock valued at $7,187,000 after buying an additional 19,930 shares in the last quarter. Transce3nd LLC acquired a new position in Blackstone during the fourth quarter worth $53,000. MML Investors Services LLC raised its position in Blackstone by 3.4% during the fourth quarter. MML Investors Services LLC now owns 158,496 shares of the asset manager's stock worth $27,328,000 after acquiring an additional 5,144 shares during the last quarter. Natixis lifted its stake in Blackstone by 111.5% in the 4th quarter. Natixis now owns 53,310 shares of the asset manager's stock valued at $9,192,000 after buying an additional 28,103 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of Blackstone by 1.7% in the fourth quarter. MetLife Investment Management LLC now owns 222,907 shares of the asset manager's stock worth $38,434,000 after acquiring an additional 3,779 shares during the last quarter. 70.00% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Ruth Porat purchased 301 shares of the stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average price of $164.85 per share, for a total transaction of $49,619.85. Following the completion of 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Blackstone Stock Down 1.3 %

Shares of Blackstone stock traded down $1.75 during trading on Friday, reaching $132.80. The company had a trading volume of 4,663,062 shares, compared to its average volume of 4,783,892. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.67. The company has a market cap of $96.87 billion, a price-to-earnings ratio of 36.58, a price-to-earnings-growth ratio of 1.07 and a beta of 1.61. Blackstone Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $200.96. The firm's fifty day moving average is $142.23 and its 200-day moving average is $164.09.

Blackstone (NYSE:BX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The asset manager reported $1.09 earnings per share for the quarter, missing analysts' consensus estimates of $1.22 by ($0.13). The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.95 billion. Blackstone had a net margin of 20.99% and a return on equity of 19.58%. During the same quarter last year, the firm posted $0.98 earnings per share. On average, analysts anticipate that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, April 28th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, April 28th. Blackstone's dividend payout ratio is presently 112.05%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Citigroup lowered their target price on shares of Blackstone from $190.00 to $137.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. JMP Securities reiterated a "market outperform" rating and set a $165.00 target price on shares of Blackstone in a report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Blackstone from $149.00 to $154.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Cowen reissued a "buy" rating on shares of Blackstone in a research note on Monday. Finally, Barclays raised their price objective on Blackstone from $129.00 to $136.00 and gave the company an "equal weight" rating in a research report on Monday. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $154.82.

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.