Landscape Capital Management L.L.C. Decreases Stake in Blackstone Inc. (NYSE:BX)

Landscape Capital Management L.L.C. reduced its position in shares of Blackstone Inc. (NYSE:BX - Free Report) by 32.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,901 shares of the asset manager's stock after selling 4,212 shares during the period. Landscape Capital Management L.L.C.'s holdings in Blackstone were worth $1,535,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Glen Eagle Advisors LLC lifted its position in shares of Blackstone by 1.8% during the third quarter. Glen Eagle Advisors LLC now owns 3,251 shares of the asset manager's stock worth $498,000 after purchasing an additional 59 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its position in 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 buying an additional 59 shares during the period. McIlrath & Eck LLC increased its position in shares of Blackstone by 6.5% during the third quarter. McIlrath & Eck LLC now owns 1,019 shares of the asset manager's stock worth $156,000 after acquiring an additional 62 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Blackstone by 0.5% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,426 shares of the asset manager's stock valued at $1,970,000 after purchasing an additional 62 shares during the period. Finally, McAdam LLC raised 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 purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 70.00% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Blackstone from $174.00 to $177.00 and gave the company a "market perform" rating in a research report on Friday, January 31st. StockNews.com downgraded Blackstone from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Barclays lowered their price objective on Blackstone from $186.00 to $129.00 and set an "equal weight" rating on the stock in a report on Monday. Bank of America reduced their price target on Blackstone from $219.00 to $207.00 and set a "buy" rating for the company in a report on Friday, April 4th. Finally, Piper Sandler reduced their target price on Blackstone from $182.00 to $140.00 and set a "neutral" rating for the company in a report on Tuesday. Eleven equities research 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 currently has a consensus rating of "Hold" and a consensus target price of $157.22.

Insider Buying and Selling at Blackstone

In other Blackstone news, Director Ruth Porat acquired 301 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $164.85 per share, with a total value of $49,619.85. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

Blackstone Trading Down 8.1 %

Shares of BX traded down $11.18 on Thursday, hitting $126.18. 3,679,210 shares of the stock traded hands, compared to its average volume of 3,650,571. The stock's 50 day moving average is $150.91 and its two-hundred day moving average is $166.02. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $92.03 billion, a P/E ratio of 34.98, a P/E/G 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 released its earnings results on Thursday, January 30th. The asset manager reported $1.69 EPS 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%. As a group, sell-side analysts predict that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were paid a dividend of $1.44 per share. 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 4.57%. This is an increase from Blackstone's previous quarterly dividend of $0.86. Blackstone's dividend payout ratio (DPR) is currently 158.68%.

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.