Financial Engines Advisors L.L.C. Makes New Investment in Blackstone Inc. (NYSE:BX)

Financial Engines Advisors L.L.C. bought a new stake in Blackstone Inc. (NYSE:BX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,115 shares of the asset manager's stock, valued at approximately $537,000.

Other hedge funds have also recently made changes to their positions in the company. Bangor Savings Bank boosted its stake in 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 purchasing an additional 105 shares during the period. Hager Investment Management Services LLC purchased a new position in shares of Blackstone during the fourth quarter valued at approximately $28,000. Centricity Wealth Management LLC purchased a new position in shares of Blackstone during the 4th quarter worth about $30,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Blackstone during the 4th quarter worth about $33,000. Finally, Berbice Capital Management LLC purchased a new position in Blackstone in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 70.00% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BX shares. Piper Sandler upped their price target on Blackstone from $168.00 to $179.00 and gave the company a "neutral" rating in a research report on Monday, December 23rd. JPMorgan Chase & Co. lifted their price target on Blackstone from $149.00 to $154.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. StockNews.com downgraded shares of Blackstone from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods upped their price objective on shares of Blackstone from $174.00 to $177.00 and gave the stock a "market perform" rating in a report on Friday, January 31st. Finally, Barclays restated an "equal weight" rating on shares of Blackstone in a research note on Friday, February 7th. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Blackstone has an average rating of "Hold" and a consensus price target of $171.13.

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Insider Buying and Selling at Blackstone

In other news, Director Ruth Porat acquired 301 shares of Blackstone stock in a transaction dated 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 completion of the purchase, the director now directly owns 36,829 shares in the company, valued at $6,071,260.65. This trade represents a 0.82 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by corporate insiders.

Blackstone Trading Up 2.1 %

Shares of NYSE:BX traded up $2.99 during trading on Tuesday, reaching $142.77. 4,037,953 shares of the company traded hands, compared to its average volume of 3,453,548. Blackstone Inc. has a 52-week low of $115.82 and a 52-week high of $200.96. The company has a current ratio of 0.67, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61. The business's fifty day moving average is $159.28 and its 200-day moving average is $167.61. The firm has a market capitalization of $104.14 billion, a price-to-earnings ratio of 39.33, a P/E/G ratio of 1.07 and a beta of 1.55.

Blackstone (NYSE:BX - Get Free Report) last announced its quarterly earnings data 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 forecast that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were issued a $1.44 dividend. This represents a $5.76 annualized dividend and a dividend yield of 4.03%. This is an increase from Blackstone's previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Monday, February 10th. Blackstone's dividend payout ratio is presently 158.68%.

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.