Rational Advisors LLC reduced its stake in Blackstone Inc. (NYSE:BX - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,400 shares of the asset manager's stock after selling 1,600 shares during the period. Rational Advisors LLC's holdings in Blackstone were worth $3,517,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Bangor Savings Bank lifted its holdings in shares of Blackstone by 187.5% in the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager's stock valued at $28,000 after purchasing an additional 105 shares in the last quarter. Hager Investment Management Services LLC bought a new stake in shares of Blackstone in the fourth quarter valued at $28,000. Roxbury Financial LLC purchased a new position in shares of Blackstone in the fourth quarter worth about $34,000. Berbice Capital Management LLC bought a new stake in Blackstone during the 4th quarter valued at $34,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in Blackstone during the 4th quarter worth approximately $34,000. 70.00% of the stock is owned by institutional investors and hedge funds.
Blackstone Stock Performance
Shares of BX stock traded down $3.03 during mid-day trading on Thursday, reaching $163.83. 3,199,021 shares of the company's stock traded hands, compared to its average volume of 3,296,348. The firm has a 50 day moving average price of $174.71 and a two-hundred day moving average price of $165.04. Blackstone Inc. has a 12 month low of $115.82 and a 12 month high of $200.96. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.67. The firm has a market capitalization of $118.28 billion, a PE ratio of 45.13, a price-to-earnings-growth ratio of 1.09 and a beta of 1.53.
Blackstone (NYSE:BX - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The asset manager reported $1.69 earnings per share (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, research analysts forecast that Blackstone Inc. will post 5.87 EPS for the current year.
Blackstone Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were paid a dividend of $1.44 per share. This is a boost from Blackstone's previous quarterly dividend of $0.86. The ex-dividend date was Monday, February 10th. This represents a $5.76 dividend on an annualized basis and a dividend yield of 3.52%. Blackstone's payout ratio is 158.68%.
Analyst Ratings Changes
BX has been the subject of several research reports. StockNews.com lowered Blackstone from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their target price on shares of Blackstone from $149.00 to $154.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. TD Cowen upgraded Blackstone from a "hold" rating to a "buy" rating and increased their price objective for the stock from $149.00 to $230.00 in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft upped their price target on Blackstone from $172.00 to $182.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company decreased their target price on shares of Blackstone from $195.00 to $180.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Blackstone presently has an average rating of "Hold" and a consensus price target of $172.38.
View Our Latest Stock Analysis on BX
Insiders Place Their Bets
In related news, Director Ruth Porat acquired 301 shares of Blackstone stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of $164.85 per share, for a total transaction of $49,619.85. Following the completion of the transaction, the director now directly owns 36,829 shares in the company, valued at approximately $6,071,260.65. This represents a 0.82 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by company insiders.
Blackstone Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Blackstone, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Blackstone wasn't on the list.
While Blackstone currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
