Bryn Mawr Capital Management LLC Reduces Stock Holdings in Blackstone Inc. (NYSE:BX)

Bryn Mawr Capital Management LLC lessened its stake in Blackstone Inc. (NYSE:BX - Free Report) by 60.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,946 shares of the asset manager's stock after selling 7,620 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Blackstone were worth $853,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bangor Savings Bank raised its holdings in shares of Blackstone by 187.5% during the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager's stock worth $28,000 after acquiring an additional 105 shares in the last quarter. Hager Investment Management Services LLC purchased a new stake in Blackstone during the fourth quarter valued at approximately $28,000. Roxbury Financial LLC purchased a new position in shares of Blackstone in the 4th quarter worth approximately $34,000. Berbice Capital Management LLC purchased a new stake in Blackstone during the 4th quarter valued at $34,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in Blackstone during the fourth quarter worth $34,000. 70.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Ruth Porat bought 301 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of $164.85 per share, with a total value of $49,619.85. Following the transaction, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

Blackstone Stock Down 3.5 %

Shares of NYSE:BX traded down $5.69 on Friday, reaching $158.21. The company had a trading volume of 4,662,276 shares, compared to its average volume of 3,336,160. Blackstone Inc. has a 52-week low of $115.82 and a 52-week high of $200.96. The firm's 50 day simple moving average is $174.18 and its 200-day simple moving average is $165.03. The firm has a market capitalization of $114.23 billion, a PE ratio of 43.58, a PEG ratio of 1.09 and a beta of 1.53. 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 released its quarterly earnings results on Thursday, January 30th. The asset manager reported $1.69 EPS for the quarter, beating the consensus estimate 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, analysts expect that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were issued a dividend of $1.44 per share. This represents a $5.76 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Monday, February 10th. This is a positive change from Blackstone's previous quarterly dividend of $0.86. Blackstone's dividend payout ratio is currently 158.68%.

Analyst Upgrades and Downgrades

BX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Blackstone from $149.00 to $154.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. TD Cowen raised Blackstone from a "hold" rating to a "buy" rating and upped their target price for the company from $149.00 to $230.00 in a research note on Monday, December 9th. Wells Fargo & Company dropped their price objective on Blackstone from $195.00 to $180.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. StockNews.com downgraded Blackstone from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Blackstone from $172.00 to $182.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Blackstone presently has an average rating of "Hold" and an average price target of $172.38.

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.