John & Kathleen Schreiber Foundation Reduces Holdings in Blackstone Inc. (NYSE:BX)

John & Kathleen Schreiber Foundation decreased its holdings in Blackstone Inc. (NYSE:BX - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 898,437 shares of the asset manager's stock after selling 22,303 shares during the quarter. Blackstone accounts for approximately 90.1% of John & Kathleen Schreiber Foundation's holdings, making the stock its biggest position. John & Kathleen Schreiber Foundation owned approximately 0.12% of Blackstone worth $154,909,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Bangor Savings Bank grew its stake in shares of Blackstone by 187.5% during the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager's stock valued at $28,000 after purchasing an additional 105 shares during the period. Hager Investment Management Services LLC bought a new stake in shares of Blackstone during the 4th quarter valued at about $28,000. Centricity Wealth Management LLC bought a new stake in shares of Blackstone during the 4th quarter valued at about $30,000. Berbice Capital Management LLC bought a new stake in shares of Blackstone during the 4th quarter valued at about $34,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of Blackstone during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 70.00% of the company's stock.

Insider Buying and Selling at Blackstone

In other news, Director Ruth Porat purchased 301 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average price of $164.85 per share, with a total value of $49,619.85. Following the transaction, the director now owns 36,829 shares of the company's stock, valued at $6,071,260.65. This represents a 0.82 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.

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Blackstone Trading Up 3.1 %

NYSE:BX traded up $4.55 during midday trading on Wednesday, hitting $150.74. 2,159,432 shares of the company traded hands, compared to its average volume of 3,254,974. The firm's fifty day moving average is $164.85 and its 200-day moving average is $167.29. Blackstone Inc. has a 12-month low of $115.82 and a 12-month high of $200.96. The firm has a market capitalization of $109.95 billion, a P/E ratio of 41.42, a P/E/G ratio of 1.07 and a beta of 1.55. The company has a current ratio of 0.67, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61.

Blackstone (NYSE:BX - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The asset manager reported $1.69 earnings per share for the quarter, beating 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, sell-side analysts predict that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were given a $1.44 dividend. This represents a $5.76 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Blackstone's previous quarterly dividend of $0.86. Blackstone's dividend payout ratio is 158.68%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BX shares. Piper Sandler boosted their price objective on Blackstone from $168.00 to $179.00 and gave the company a "neutral" rating in a research note on Monday, December 23rd. BMO Capital Markets boosted 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. UBS Group upgraded Blackstone from a "neutral" rating to a "buy" rating and set a $180.00 price objective for the company in a research note on Monday. Barclays reiterated an "equal weight" rating on shares of Blackstone in a research note on Friday, February 7th. Finally, Wells Fargo & Company dropped their price target on Blackstone from $195.00 to $180.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 14th. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price 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.