D.A. Davidson & CO. Has $28.10 Million Holdings in Blackstone Inc. (NYSE:BX)

D.A. Davidson & CO. trimmed its stake in shares of Blackstone Inc. (NYSE:BX - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 162,965 shares of the asset manager's stock after selling 8,890 shares during the quarter. D.A. Davidson & CO.'s holdings in Blackstone were worth $28,099,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Exchange Traded Concepts LLC lifted its stake in Blackstone by 2,188.2% during the third quarter. Exchange Traded Concepts LLC now owns 1,167 shares of the asset manager's stock worth $179,000 after purchasing an additional 1,116 shares during the last quarter. Creative Planning lifted its position in shares of Blackstone by 4.2% during the 3rd quarter. Creative Planning now owns 237,936 shares of the asset manager's stock worth $36,435,000 after buying an additional 9,668 shares during the last quarter. First Citizens Bank & Trust Co. bought a new position in Blackstone in the third quarter valued at about $227,000. AA Financial Advisors LLC bought a new position in shares of Blackstone in the third quarter worth about $318,000. Finally, Resonant Capital Advisors LLC acquired a new stake in shares of Blackstone in the 3rd quarter valued at approximately $211,000. 70.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Ruth Porat acquired 301 shares of Blackstone stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of $164.85 per share, with a total value of $49,619.85. Following the completion of the purchase, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

Blackstone Trading Down 3.5 %

Shares of BX stock traded down $5.69 during mid-day trading on Friday, hitting $158.21. The company's stock 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 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's fifty day simple moving average is $173.58 and its 200-day simple moving average is $165.23. The company has a market cap of $114.23 billion, a PE ratio of 43.58, a P/E/G ratio of 1.09 and a beta of 1.53.

Blackstone (NYSE:BX - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The asset manager reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.19. Blackstone had a return on equity of 19.58% and a net margin of 20.99%. As a group, equities research analysts expect that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on BX shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Blackstone from $172.00 to $182.00 and gave the company a "buy" rating in a research report on Monday, November 11th. JPMorgan Chase & Co. boosted their price objective on Blackstone from $149.00 to $154.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods increased their target price on Blackstone from $174.00 to $177.00 and gave the company a "market perform" rating in a research report on Friday, January 31st. BMO Capital Markets upped their price objective on Blackstone from $134.00 to $157.00 and gave the company a "market perform" rating in a research note on Thursday, December 19th. Finally, Piper Sandler boosted their target price on shares of Blackstone from $168.00 to $179.00 and gave the stock a "neutral" rating in a 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. Based on data from MarketBeat.com, Blackstone currently has an average rating of "Hold" and a consensus price target 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.