Blackstone Inc. (NYSE:BX) Shares Sold by Kampmann Melissa S.

Kampmann Melissa S. trimmed its stake in Blackstone Inc. (NYSE:BX - Free Report) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,525 shares of the asset manager's stock after selling 2,270 shares during the quarter. Blackstone makes up 3.2% of Kampmann Melissa S.'s portfolio, making the stock its 12th biggest holding. Kampmann Melissa S.'s holdings in Blackstone were worth $4,056,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in BX. Icon Wealth Advisors LLC lifted its stake in shares of Blackstone by 2,185.4% during the 3rd quarter. Icon Wealth Advisors LLC now owns 18,946 shares of the asset manager's stock worth $2,901,000 after purchasing an additional 18,117 shares during the period. Wealthcare Capital Partners LLC purchased a new stake in Blackstone in the 4th quarter valued at about $2,102,000. Highland Capital Management LLC lifted its holdings in shares of Blackstone by 214.2% during the 4th quarter. Highland Capital Management LLC now owns 22,303 shares of the asset manager's stock worth $3,845,000 after acquiring an additional 15,205 shares during the period. PNC Financial Services Group Inc. increased its position in Blackstone by 3.2% during the third quarter. PNC Financial Services Group Inc. now owns 1,169,526 shares of the asset manager's stock worth $179,089,000 after purchasing an additional 36,343 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Blackstone by 8.8% in the 4th quarter. Nordea Investment Management AB now owns 58,229 shares of the asset manager's stock valued at $10,053,000 after purchasing an additional 4,688 shares during the last quarter. Institutional investors and hedge funds own 70.00% of the company's stock.

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Insider Activity

In other news, Director Ruth Porat purchased 301 shares of the stock in a transaction dated 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 completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BX shares. Barclays reaffirmed an "equal weight" rating on shares of Blackstone in a research report on Friday, February 7th. Keefe, Bruyette & Woods lifted their price objective on Blackstone from $174.00 to $177.00 and gave the company a "market perform" rating in a research note on Friday, January 31st. UBS Group upgraded shares of Blackstone from a "neutral" rating to a "buy" rating and set a $180.00 price target on the stock in a report on Monday, March 17th. StockNews.com downgraded shares of Blackstone from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Finally, BMO Capital Markets lifted their target price on shares of Blackstone from $134.00 to $157.00 and gave the company a "market perform" rating in a report on Thursday, December 19th. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $171.13.

Blackstone Stock Up 2.6 %

Blackstone stock traded up $3.84 during midday trading on Monday, hitting $152.13. The stock had a trading volume of 3,072,027 shares, compared to its average volume of 3,279,261. 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 has a fifty day moving average price of $163.53 and a 200 day moving average price of $167.49. Blackstone Inc. has a 12 month low of $115.82 and a 12 month high of $200.96. The stock has a market cap of $110.97 billion, a P/E ratio of 41.91, 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 earnings per share (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%. Research analysts predict that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were issued a $1.44 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $5.76 dividend on an annualized basis and a yield of 3.79%. This is a boost from Blackstone's previous quarterly dividend of $0.86. Blackstone's dividend payout ratio (DPR) is currently 158.68%.

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.