Blackstone Inc. (NYSE:BX) Stock Position Lifted by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. increased its stake in shares of Blackstone Inc. (NYSE:BX - Free Report) by 76.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 11,127 shares of the asset manager's stock after purchasing an additional 4,811 shares during the period. Coldstream Capital Management Inc.'s holdings in Blackstone were worth $1,816,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Blackstone by 1.2% in the third quarter. State Street Corp now owns 30,020,426 shares of the asset manager's stock valued at $4,597,028,000 after acquiring an additional 348,751 shares in the last quarter. Geode Capital Management LLC raised its position in Blackstone by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 14,896,413 shares of the asset manager's stock valued at $2,272,227,000 after purchasing an additional 336,308 shares in the last quarter. Wulff Hansen & CO. increased its stake in shares of Blackstone by 12,192.7% during the second quarter. Wulff Hansen & CO. now owns 7,340,845 shares of the asset manager's stock worth $908,797,000 after buying an additional 7,281,128 shares during the period. Legal & General Group Plc lifted its stake in Blackstone by 2.3% in the second quarter. Legal & General Group Plc now owns 6,266,207 shares of the asset manager's stock worth $775,758,000 after acquiring an additional 141,616 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Blackstone by 15,357.3% in the 3rd quarter. International Assets Investment Management LLC now owns 4,201,150 shares of the asset manager's stock valued at $6,433,220,000 after purchasing an additional 4,173,971 shares during the last quarter. Hedge funds and other institutional investors own 70.00% of the company's stock.

Insider Activity

In other Blackstone news, Director Joseph Baratta sold 116,448 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $150.81, for a total transaction of $17,561,522.88. Following the completion of the sale, the director now owns 799,749 shares in the company, valued at $120,610,146.69. This trade represents a 12.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John G. Finley sold 42,249 shares of Blackstone stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $175.94, for a total value of $7,433,289.06. Following the completion of the transaction, the insider now owns 387,137 shares of the company's stock, valued at $68,112,883.78. This trade represents a 9.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Morgan Stanley increased their price target on shares of Blackstone from $164.00 to $177.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Redburn Atlantic initiated coverage on shares of Blackstone in a research note on Tuesday, August 27th. They issued a "neutral" rating and a $134.00 price objective for the company. Bank of America boosted their price objective on Blackstone from $171.00 to $192.00 and gave the company a "buy" rating in a research note on Friday, October 18th. Barclays boosted their price target on Blackstone from $174.00 to $199.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, Evercore ISI raised their price objective on shares of Blackstone from $148.00 to $155.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $164.69.

Blackstone Trading Down 1.1 %

BX traded down $2.12 during trading on Thursday, hitting $190.29. The company's stock had a trading volume of 2,827,897 shares, compared to its average volume of 3,395,748. The stock has a market cap of $137.39 billion, a PE ratio of 66.14, a PEG ratio of 1.59 and a beta of 1.51. Blackstone Inc. has a twelve month low of $112.44 and a twelve month high of $200.96. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The firm's 50 day moving average price is $174.63 and its 200-day moving average price is $148.41.

Blackstone (NYSE:BX - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The asset manager reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.10. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.37 billion. Blackstone had a net margin of 19.46% and a return on equity of 17.53%. On average, analysts expect that Blackstone Inc. will post 4.4 earnings per share for the current year.

Blackstone Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Monday, October 28th were paid a dividend of $0.86 per share. This is an increase from Blackstone's previous quarterly dividend of $0.82. This represents a $3.44 annualized dividend and a yield of 1.81%. The ex-dividend date was Monday, October 28th. Blackstone's payout ratio is currently 118.21%.

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.