Blackstone Inc. (NYSE:BX) Holdings Decreased by Kennedy Capital Management LLC

Kennedy Capital Management LLC lowered its stake in Blackstone Inc. (NYSE:BX - Free Report) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,571 shares of the asset manager's stock after selling 2,206 shares during the period. Kennedy Capital Management LLC's holdings in Blackstone were worth $8,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in BX. Avidian Wealth Enterprises LLC lifted its holdings in shares of Blackstone by 0.4% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 16,184 shares of the asset manager's stock valued at $2,790,000 after purchasing an additional 59 shares during the last quarter. McIlrath & Eck LLC increased its stake in Blackstone by 6.5% in the third quarter. McIlrath & Eck LLC now owns 1,019 shares of the asset manager's stock valued at $156,000 after purchasing an additional 62 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Blackstone by 0.5% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,426 shares of the asset manager's stock worth $1,970,000 after buying an additional 62 shares during the period. McAdam LLC increased its position in Blackstone by 3.9% in the 4th quarter. McAdam LLC now owns 1,687 shares of the asset manager's stock valued at $291,000 after acquiring an additional 63 shares during the period. Finally, CENTRAL TRUST Co lifted its position in Blackstone by 0.6% during the 4th quarter. CENTRAL TRUST Co now owns 11,035 shares of the asset manager's stock worth $1,903,000 after acquiring an additional 63 shares during the period. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts have commented on the company. UBS Group raised Blackstone from a "neutral" rating to a "buy" rating and set a $180.00 target price for the company in a report on Monday, March 17th. Piper Sandler dropped their target price on shares of Blackstone from $182.00 to $140.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Citigroup decreased their price objective on shares of Blackstone from $190.00 to $137.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. TD Cowen lowered their price target on shares of Blackstone from $233.00 to $147.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. increased their price objective on Blackstone from $149.00 to $154.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $155.72.

Blackstone Stock Up 2.5 %

BX stock traded up $3.20 during trading on Tuesday, reaching $133.67. The stock had a trading volume of 6,221,095 shares, compared to its average volume of 3,711,843. The firm has a fifty day moving average price of $148.21 and a 200 day moving average price of $165.54. 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 company has a market capitalization of $97.50 billion, a P/E ratio of 36.82, a PEG ratio of 1.07 and a beta of 1.61. Blackstone Inc. has a 1-year low of $115.66 and a 1-year high of $200.96.

Blackstone (NYSE:BX - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The asset manager reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.50 by $0.19. Blackstone had a return on equity of 19.58% and a net margin of 20.99%. On average, equities analysts anticipate that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were given a $1.44 dividend. This is a positive change from Blackstone's previous quarterly dividend of $0.86. The ex-dividend date was Monday, February 10th. This represents a $5.76 annualized dividend and a dividend yield of 4.31%. Blackstone's dividend payout ratio (DPR) is presently 158.68%.

Insider Activity at Blackstone

In related news, Director Ruth Porat purchased 301 shares of the business's stock in a transaction that occurred on 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 acquisition, the director now owns 36,829 shares in the company, valued at approximately $6,071,260.65. This trade represents a 0.82 % increase in their position. The transaction 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.

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.