O Shaughnessy Asset Management LLC Has $15.22 Million Position in Blackstone Inc. (NYSE:BX)

O Shaughnessy Asset Management LLC grew its holdings in shares of Blackstone Inc. (NYSE:BX - Free Report) by 21.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 88,244 shares of the asset manager's stock after acquiring an additional 15,818 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Blackstone were worth $15,215,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BX. Glen Eagle Advisors LLC raised its position in shares of Blackstone by 1.8% during the 3rd quarter. Glen Eagle Advisors LLC now owns 3,251 shares of the asset manager's stock worth $498,000 after buying an additional 59 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its position in Blackstone by 0.4% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 16,184 shares of the asset manager's stock worth $2,790,000 after purchasing an additional 59 shares during the period. Investmark Advisory Group LLC boosted its stake in Blackstone by 2.4% during the 3rd quarter. Investmark Advisory Group LLC now owns 2,608 shares of the asset manager's stock valued at $399,000 after purchasing an additional 60 shares in the last quarter. McIlrath & Eck LLC raised its stake in shares of Blackstone by 6.5% in the 3rd quarter. McIlrath & Eck LLC now owns 1,019 shares of the asset manager's stock worth $156,000 after buying an additional 62 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in 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 valued at $1,970,000 after buying an additional 62 shares in the last quarter. 70.00% of the stock is owned by institutional investors and hedge funds.

Blackstone Stock Performance

BX stock traded down $8.42 during midday trading on Friday, hitting $124.68. 13,061,223 shares of the company traded hands, compared to its average volume of 3,534,266. The business has a 50 day simple moving average of $156.29 and a 200-day simple moving average of $167.03. 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 $90.94 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 1.07 and a beta of 1.61.

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 paid a $1.44 dividend. This is an increase 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 4.62%. Blackstone's dividend payout ratio (DPR) is presently 158.68%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Bank of America reduced their price objective on shares of Blackstone from $219.00 to $207.00 and set a "buy" rating for the company in a research report on Friday. Barclays restated an "equal weight" rating on shares of Blackstone in a research report on Friday, February 7th. Piper Sandler raised their price objective on Blackstone from $168.00 to $179.00 and gave the stock a "neutral" rating in a research note on Monday, December 23rd. StockNews.com lowered Blackstone from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Finally, UBS Group raised Blackstone from a "neutral" rating to a "buy" rating and set a $180.00 price target on the stock in a research note on Monday, March 17th. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $172.06.

Insider Activity at Blackstone

In other news, Director Ruth Porat purchased 301 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average cost of $164.85 per share, for a total transaction of $49,619.85. Following the completion of the purchase, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company's stock.

Blackstone Company 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.