Kerusso Capital Management LLC Has $1.85 Million Holdings in Blackstone Inc. (NYSE:BX)

Kerusso Capital Management LLC decreased its position in Blackstone Inc. (NYSE:BX - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,748 shares of the asset manager's stock after selling 10,730 shares during the quarter. Kerusso Capital Management LLC's holdings in Blackstone were worth $1,853,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bangor Savings Bank grew its stake in shares of Blackstone by 187.5% in the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager's stock worth $28,000 after acquiring an additional 105 shares during the last quarter. Hager Investment Management Services LLC acquired a new stake in shares of Blackstone in the fourth quarter worth $28,000. Berbice Capital Management LLC acquired a new stake in shares of Blackstone in the fourth quarter worth $34,000. Comprehensive Financial Planning Inc. PA acquired a new stake in Blackstone during the fourth quarter worth $34,000. Finally, Roxbury Financial LLC acquired a new stake in Blackstone during the fourth quarter worth $34,000. Institutional investors own 70.00% of the company's stock.

Insider Activity at Blackstone

In other news, Director Ruth Porat purchased 301 shares of Blackstone stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of $164.85 per share, with a total value of $49,619.85. Following the transaction, the director now directly owns 36,829 shares in the company, valued at $6,071,260.65. The trade was a 0.82 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 1.00% of the stock is owned by insiders.

Blackstone Trading Down 1.8 %

Shares of BX stock traded down $3.03 on Thursday, reaching $163.83. The company had a trading volume of 3,199,021 shares, compared to its average volume of 3,296,348. 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 stock has a market cap of $118.28 billion, a PE ratio of 45.13, a PEG ratio of 1.09 and a beta of 1.53. The company has a 50-day moving average of $174.71 and a 200-day moving average of $165.04. Blackstone Inc. has a 12 month low of $115.82 and a 12 month high of $200.96.

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

Blackstone Increases Dividend

The firm also recently disclosed 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 of this dividend was Monday, February 10th. This is a positive change from Blackstone's previous quarterly dividend of $0.86. This represents a $5.76 annualized dividend and a dividend yield of 3.52%. Blackstone's payout ratio is currently 158.68%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BX. JPMorgan Chase & Co. lifted their price target on shares of Blackstone from $149.00 to $154.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Wells Fargo & Company cut their price target on Blackstone from $195.00 to $180.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. StockNews.com cut Blackstone from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Barclays cut their price target on Blackstone from $192.00 to $186.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Finally, BMO Capital Markets lifted their price target on Blackstone from $134.00 to $157.00 and gave the company a "market perform" rating in a report on Thursday, December 19th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $172.38.

About Blackstone

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.