Generali Asset Management SPA SGR acquired a new position in shares of Blackstone Inc. (NYSE:BX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 24,056 shares of the asset manager's stock, valued at approximately $4,148,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BX. Bangor Savings Bank boosted its position in shares of Blackstone by 187.5% during the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager's stock worth $28,000 after buying an additional 105 shares during the period. Hager Investment Management Services LLC bought a new position in shares of Blackstone during the 4th quarter worth approximately $28,000. Centricity Wealth Management LLC acquired a new stake in shares of Blackstone in the fourth quarter valued at approximately $30,000. Roxbury Financial LLC acquired a new position in Blackstone during the fourth quarter worth $34,000. Finally, Berbice Capital Management LLC acquired a new stake in Blackstone in the 4th quarter valued at $34,000. 70.00% of the stock is owned by institutional investors and hedge funds.
Blackstone Stock Performance
Shares of BX stock traded down $0.10 on Friday, hitting $148.65. The company's stock had a trading volume of 8,381,116 shares, compared to its average volume of 3,280,093. Blackstone Inc. has a fifty-two week low of $115.82 and a fifty-two 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 stock's 50 day moving average is $163.53 and its 200-day moving average is $167.28. The company has a market capitalization of $108.43 billion, a PE ratio of 40.95, a PEG ratio of 1.07 and a beta of 1.55.
Blackstone (NYSE:BX - Get Free Report) last announced its earnings results 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 net margin of 20.99% and a return on equity of 19.58%. 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 declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were given a $1.44 dividend. The ex-dividend date was Monday, February 10th. This represents a $5.76 dividend on an annualized basis and a dividend yield of 3.87%. This is a boost from Blackstone's previous quarterly dividend of $0.86. Blackstone's dividend payout ratio (DPR) is presently 158.68%.
Insider Buying and Selling
In other Blackstone news, Director Ruth Porat bought 301 shares of Blackstone stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $164.85 per share, with a total value of $49,619.85. Following the acquisition, the director now owns 36,829 shares in the company, valued at $6,071,260.65. This trade represents a 0.82 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. TD Cowen raised Blackstone from a "hold" rating to a "buy" rating and lifted their target price for the company from $149.00 to $230.00 in a research report on Monday, December 9th. Piper Sandler upped their price objective on Blackstone from $168.00 to $179.00 and gave the stock a "neutral" rating in a research note on Monday, December 23rd. BMO Capital Markets boosted their target price on shares of Blackstone from $134.00 to $157.00 and gave the stock a "market perform" rating in a report on Thursday, December 19th. JPMorgan Chase & Co. lifted their price objective on shares of Blackstone from $149.00 to $154.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods raised their target price on shares of Blackstone from $174.00 to $177.00 and gave the company a "market perform" rating in a research note on Friday, January 31st. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $171.13.
View Our Latest Stock Report on BX
About Blackstone
(
Free Report)
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.
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