Flossbach Von Storch SE Decreases Position in Blackstone Inc. (NYSE:BX)

Flossbach Von Storch SE reduced its position in shares of Blackstone Inc. (NYSE:BX - Free Report) by 18.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,000 shares of the asset manager's stock after selling 10,000 shares during the period. Flossbach Von Storch SE's holdings in Blackstone were worth $7,759,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BX. State Street Corp lifted its holdings in Blackstone by 1.2% in the third quarter. State Street Corp now owns 30,020,426 shares of the asset manager's stock worth $4,597,028,000 after buying an additional 348,751 shares during the period. Geode Capital Management LLC grew its stake in Blackstone by 2.3% in the third quarter. Geode Capital Management LLC now owns 14,896,413 shares of the asset manager's stock worth $2,272,227,000 after purchasing an additional 336,308 shares during the period. International Assets Investment Management LLC lifted its position in Blackstone by 15,357.3% during the third 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 buying an additional 4,173,971 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Blackstone by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,931,411 shares of the asset manager's stock worth $602,017,000 after buying an additional 61,739 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Blackstone by 3.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,430,909 shares of the asset manager's stock valued at $525,375,000 after acquiring an additional 116,367 shares during the period. Hedge funds and other institutional investors own 70.00% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Barclays decreased their target price on shares of Blackstone from $192.00 to $186.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. BMO Capital Markets increased their target price on Blackstone from $134.00 to $157.00 and gave the stock a "market perform" rating in a research note on Thursday, December 19th. Wells Fargo & Company dropped their price target on shares of Blackstone from $195.00 to $180.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 14th. StockNews.com cut shares of Blackstone from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Finally, TD Cowen upgraded shares of Blackstone from a "hold" rating to a "buy" rating and increased their price target for the company from $149.00 to $230.00 in a report on Monday, December 9th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $172.38.

Blackstone Stock Performance

Shares of Blackstone stock traded down $5.69 on Friday, hitting $158.21. 4,662,276 shares of the company's stock were exchanged, compared to its average volume of 3,336,160. 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 stock has a market capitalization of $114.23 billion, a PE ratio of 43.58, a PEG ratio of 1.09 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 50-day simple moving average of $174.18 and a 200-day simple moving average of $165.03.

Blackstone (NYSE:BX - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The asset manager reported $1.69 EPS 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%. As a group, equities analysts anticipate 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. Shareholders of record on Monday, February 10th were issued a dividend of $1.44 per share. The ex-dividend date of this dividend was Monday, February 10th. 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 yield of 3.64%. Blackstone's dividend payout ratio (DPR) is currently 158.68%.

Insider Buying and Selling

In other news, Director Ruth Porat purchased 301 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was acquired at an average price of $164.85 per share, for a total transaction of $49,619.85. Following the acquisition, the director now directly owns 36,829 shares of the company's stock, valued at $6,071,260.65. This represents a 0.82 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by insiders.

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.