Nomura Asset Management Co. Ltd. Has $70.75 Million Stake in Blackstone Inc. (NYSE:BX)

Nomura Asset Management Co. Ltd. boosted its holdings in Blackstone Inc. (NYSE:BX - Free Report) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 410,326 shares of the asset manager's stock after acquiring an additional 6,640 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.06% of Blackstone worth $70,748,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Blackstone by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 66,894,632 shares of the asset manager's stock valued at $11,533,972,000 after purchasing an additional 889,286 shares during the period. State Street Corp increased its position in Blackstone by 1.2% in the 3rd quarter. State Street Corp now owns 30,020,426 shares of the asset manager's stock valued at $4,597,028,000 after acquiring an additional 348,751 shares during the period. Geode Capital Management LLC boosted its position in Blackstone by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 14,896,413 shares of the asset manager's stock worth $2,272,227,000 after acquiring an additional 336,308 shares during the period. Norges Bank acquired a new position in shares of Blackstone during the fourth quarter valued at $974,448,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Blackstone by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,045,143 shares of the asset manager's stock worth $697,464,000 after acquiring an additional 113,732 shares during the period. 70.00% of the stock is owned by institutional investors.

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Insider Buying and Selling at Blackstone

In other Blackstone news, Director Ruth Porat purchased 301 shares of the stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $164.85 per share, with a total value of $49,619.85. Following the acquisition, the director now directly owns 36,829 shares of the company's stock, valued at $6,071,260.65. This represents a 0.82 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company's stock.

Blackstone Stock Performance

BX stock traded up $2.05 during midday trading on Tuesday, hitting $141.83. 1,166,169 shares of the company traded hands, compared to its average volume of 3,870,023. The business has a 50 day simple moving average of $160.06 and a 200-day simple moving average of $167.67. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.61. Blackstone Inc. has a twelve month low of $115.82 and a twelve month high of $200.96. The stock has a market capitalization of $103.45 billion, a price-to-earnings ratio of 39.07, a price-to-earnings-growth ratio of 1.07 and a beta of 1.55.

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

Blackstone Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were issued a dividend of $1.44 per share. This is an increase from Blackstone's previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Monday, February 10th. This represents a $5.76 annualized dividend and a dividend yield of 4.06%. Blackstone's payout ratio is presently 158.68%.

Analyst Ratings Changes

BX has been the topic of several research analyst reports. Citigroup reiterated a "hold" rating on shares of Blackstone in a research report on Friday, February 7th. 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 report on Friday, January 31st. Keefe, Bruyette & Woods boosted their target price on Blackstone from $174.00 to $177.00 and gave the stock a "market perform" rating in a research report on Friday, January 31st. TD Cowen raised Blackstone from a "hold" rating to a "buy" rating and lifted their price target for the stock from $149.00 to $230.00 in a research note on Monday, December 9th. Finally, StockNews.com lowered shares of Blackstone from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Blackstone currently has an average rating of "Hold" and an average price target of $171.13.

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.