Blackstone Inc. (NYSE:BX) Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA cut its holdings in Blackstone Inc. (NYSE:BX - Free Report) by 24.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 486,537 shares of the asset manager's stock after selling 154,721 shares during the period. Blackstone accounts for 1.2% of Compagnie Lombard Odier SCmA's portfolio, making the stock its 22nd largest holding. Compagnie Lombard Odier SCmA owned 0.07% of Blackstone worth $83,889,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bangor Savings Bank increased its stake in shares of Blackstone by 187.5% in the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager's stock worth $28,000 after purchasing an additional 105 shares in the last quarter. Hager Investment Management Services LLC purchased a new position in shares of Blackstone in the 4th quarter worth $28,000. Berbice Capital Management LLC purchased a new position in shares of Blackstone in the 4th quarter worth $34,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Blackstone in the 4th quarter worth $34,000. Finally, Raleigh Capital Management Inc. lifted its holdings in shares of Blackstone by 32.1% in the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager's stock worth $39,000 after acquiring an additional 62 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors.

Blackstone Stock Up 1.1 %

Shares of Blackstone stock traded up $1.75 on Tuesday, reaching $166.59. The stock had a trading volume of 3,788,046 shares, compared to its average volume of 3,303,787. The stock has a market capitalization of $120.28 billion, a P/E ratio of 45.89, a P/E/G ratio of 1.13 and a beta of 1.53. Blackstone Inc. has a 1 year low of $115.82 and a 1 year high of $200.96. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average price of $175.69 and a 200 day moving average price of $164.79.

Blackstone (NYSE:BX - Get Free Report) last released 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 net margin of 20.99% and a return on equity of 19.58%. As a group, equities research analysts forecast that Blackstone Inc. will post 5.88 EPS for the current year.

Blackstone Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 10th will be paid a $1.44 dividend. This is a boost from Blackstone's previous quarterly dividend of $0.86. This represents a $5.76 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Monday, February 10th. Blackstone's payout ratio is currently 94.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BX shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Blackstone from $172.00 to $182.00 and gave the company a "buy" rating in a report on Monday, November 11th. Wells Fargo & Company decreased their price objective on shares of Blackstone from $195.00 to $180.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. TD Cowen upgraded shares of Blackstone from a "hold" rating to a "buy" rating and lifted their price objective for the company from $149.00 to $230.00 in a report on Monday, December 9th. Keefe, Bruyette & Woods lifted their price objective on shares of Blackstone from $174.00 to $177.00 and gave the company a "market perform" rating in a report on Friday, January 31st. Finally, Piper Sandler raised their target price on shares of Blackstone from $168.00 to $179.00 and gave the company a "neutral" rating in a research report on Monday, December 23rd. Thirteen investment 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 a consensus rating of "Hold" and an average target price of $172.38.

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.