Blackstone Inc. (NYSE:BX) is Cozad Asset Management Inc.'s 8th Largest Position

Cozad Asset Management Inc. reduced its position in shares of Blackstone Inc. (NYSE:BX - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 96,957 shares of the asset manager's stock after selling 3,556 shares during the quarter. Blackstone accounts for approximately 1.6% of Cozad Asset Management Inc.'s holdings, making the stock its 8th biggest position. Cozad Asset Management Inc.'s holdings in Blackstone were worth $16,717,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Glen Eagle Advisors LLC lifted its position in shares of Blackstone by 1.8% during the 3rd quarter. Glen Eagle Advisors LLC now owns 3,251 shares of the asset manager's stock valued at $498,000 after buying an additional 59 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in Blackstone by 0.4% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 16,184 shares of the asset manager's stock worth $2,790,000 after purchasing an additional 59 shares in the last quarter. Investmark Advisory Group LLC lifted its holdings in Blackstone by 2.4% in the 3rd quarter. Investmark Advisory Group LLC now owns 2,608 shares of the asset manager's stock worth $399,000 after purchasing an additional 60 shares in the last quarter. McIlrath & Eck LLC lifted its holdings in Blackstone by 6.5% in the 3rd quarter. McIlrath & Eck LLC now owns 1,019 shares of the asset manager's stock worth $156,000 after purchasing an additional 62 shares in the last quarter. Finally, McAdam LLC lifted its holdings in Blackstone by 3.9% in the 4th quarter. McAdam LLC now owns 1,687 shares of the asset manager's stock worth $291,000 after purchasing an additional 63 shares in the last quarter. 70.00% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In related news, Director Ruth Porat acquired 301 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of $164.85 per share, for a total transaction of $49,619.85. Following the purchase, the director now directly owns 36,829 shares of the company's stock, valued at $6,071,260.65. This trade represents a 0.82 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

Blackstone Trading Up 3.0 %

Blackstone stock traded up $4.34 during mid-day trading on Wednesday, hitting $150.53. The company's stock had a trading volume of 2,159,432 shares, compared to its average volume of 3,254,974. The company has a 50 day moving average of $164.85 and a 200-day moving average of $167.29. The stock has a market cap of $109.80 billion, a PE ratio of 41.42, a P/E/G ratio of 1.07 and a beta of 1.55. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.67. Blackstone Inc. has a one year low of $115.82 and a one year high of $200.96.

Blackstone (NYSE:BX - Get Free Report) last issued 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 return on equity of 19.58% and a net margin of 20.99%. On average, research analysts anticipate that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were paid a dividend of $1.44 per share. This is a boost from Blackstone's previous quarterly dividend of $0.86. This represents a $5.76 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend was Monday, February 10th. Blackstone's dividend payout ratio is 158.68%.

Analysts Set New Price Targets

A number of research firms recently commented on BX. Keefe, Bruyette & Woods boosted their price target on Blackstone from $174.00 to $177.00 and gave the stock a "market perform" rating in a report on Friday, January 31st. Wells Fargo & Company decreased their price objective on Blackstone from $195.00 to $180.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. upped their price objective on Blackstone from $149.00 to $154.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. TD Cowen raised Blackstone from a "hold" rating to a "buy" rating and upped their price objective for the stock from $149.00 to $230.00 in a report on Monday, December 9th. Finally, Citigroup reaffirmed a "hold" rating on shares of Blackstone in a report on Friday, February 7th. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Blackstone presently has an average rating of "Hold" and a consensus 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.