Blackstone Inc. (NYSE:BX) Shares Bought by Sather Financial Group Inc

Sather Financial Group Inc increased its holdings in shares of Blackstone Inc. (NYSE:BX - Free Report) by 202.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,050 shares of the asset manager's stock after buying an additional 4,050 shares during the quarter. Sather Financial Group Inc's holdings in Blackstone were worth $926,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of BX. West Financial Advisors LLC bought a new stake in Blackstone during the 3rd quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Blackstone during the second quarter worth $26,000. EdgeRock Capital LLC bought a new position in Blackstone during the second quarter worth about $27,000. Bank & Trust Co bought a new stake in shares of Blackstone in the second quarter valued at about $29,000. Finally, Ridgewood Investments LLC acquired a new stake in shares of Blackstone in the second quarter valued at about $31,000. 70.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Blackstone

In related news, Director Joseph Baratta sold 116,448 shares of the company's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $150.81, for a total transaction of $17,561,522.88. Following the transaction, the director now directly owns 799,749 shares of the company's stock, valued at approximately $120,610,146.69. This represents a 12.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John G. Finley sold 42,249 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $175.94, for a total value of $7,433,289.06. Following the transaction, the insider now directly owns 387,137 shares of the company's stock, valued at approximately $68,112,883.78. This trade represents a 9.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

Blackstone Stock Performance

Shares of BX traded up $0.20 during trading hours on Friday, reaching $181.41. 2,893,873 shares of the company's stock traded hands, compared to its average volume of 3,201,941. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. Blackstone Inc. has a twelve month low of $102.79 and a twelve month high of $184.34. The firm has a market capitalization of $130.98 billion, a price-to-earnings ratio of 62.34, a P/E/G ratio of 1.54 and a beta of 1.49. The business's fifty day simple moving average is $161.40 and its two-hundred day simple moving average is $140.18.

Blackstone (NYSE:BX - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The asset manager reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.10. The firm had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.37 billion. Blackstone had a return on equity of 17.53% and a net margin of 19.46%. Analysts predict that Blackstone Inc. will post 4.39 earnings per share for the current year.

Blackstone Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Monday, October 28th were issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Monday, October 28th. This is a boost from Blackstone's previous quarterly dividend of $0.82. Blackstone's dividend payout ratio is presently 118.21%.

Analyst Ratings Changes

Several brokerages recently issued reports on BX. Wells Fargo & Company boosted their price target on Blackstone from $169.00 to $188.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. JPMorgan Chase & Co. upped their target price on Blackstone from $125.00 to $146.00 and gave the stock a "neutral" rating in a research note on Friday, October 18th. BMO Capital Markets increased their price target on Blackstone from $112.00 to $134.00 and gave the company a "market perform" rating in a research note on Friday, October 18th. UBS Group increased their price target on Blackstone from $140.00 to $160.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. Finally, Citigroup increased their price objective on shares of Blackstone from $157.00 to $170.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Blackstone currently has a consensus rating of "Hold" and a consensus target price of $157.63.

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.