Blackstone Inc. (NYSE:BX) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its position in shares of Blackstone Inc. (NYSE:BX - Free Report) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 441,877 shares of the asset manager's stock after purchasing an additional 35,500 shares during the quarter. Sei Investments Co. owned approximately 0.06% of Blackstone worth $76,188,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Blackstone by 1.2% during the third quarter. State Street Corp now owns 30,020,426 shares of the asset manager's stock valued at $4,597,028,000 after purchasing an additional 348,751 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Blackstone by 2.3% in the third quarter. Geode Capital Management LLC now owns 14,896,413 shares of the asset manager's stock worth $2,272,227,000 after buying an additional 336,308 shares during the last quarter. Charles Schwab Investment Management Inc. increased 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 purchasing an additional 113,732 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Blackstone by 3.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,430,909 shares of the asset manager's stock valued at $525,375,000 after buying an additional 116,367 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Blackstone by 6.1% during the third quarter. FMR LLC now owns 2,155,068 shares of the asset manager's stock worth $330,006,000 after acquiring an additional 124,462 shares during the last quarter. 70.00% of the stock is owned by hedge funds and other institutional investors.

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Blackstone Stock Performance

Shares of NYSE BX traded down $0.79 during trading hours on Tuesday, reaching $151.29. The stock had a trading volume of 2,388,475 shares, compared to its average volume of 3,278,089. The firm has a market cap of $110.35 billion, a price-to-earnings ratio of 41.68, a PEG ratio of 1.07 and a beta of 1.55. Blackstone Inc. has a fifty-two week low of $115.82 and a fifty-two week high of $200.96. The firm has a 50-day moving average of $163.26 and a 200-day moving average of $167.59. The company has a current ratio of 0.67, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61.

Blackstone (NYSE:BX - Get Free Report) last issued its quarterly 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%. 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 announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders 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. This represents a $5.76 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend was Monday, February 10th. Blackstone's dividend payout ratio (DPR) is 158.68%.

Insider Transactions at Blackstone

In other Blackstone news, Director Ruth Porat purchased 301 shares of Blackstone stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

BX has been the subject of several recent research reports. Wells Fargo & Company dropped their price target on Blackstone from $180.00 to $160.00 and set an "equal weight" rating for the company in a research report on Thursday, March 20th. JPMorgan Chase & Co. increased their price objective on Blackstone from $149.00 to $154.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. BMO Capital Markets lifted their price objective on shares of Blackstone from $134.00 to $157.00 and gave the company a "market perform" rating in a report on Thursday, December 19th. TD Cowen upgraded shares of Blackstone from a "hold" rating to a "buy" rating and boosted their target price for the stock from $149.00 to $230.00 in a report on Monday, December 9th. Finally, Citigroup reaffirmed a "hold" rating on shares of Blackstone in a research report on Friday, February 7th. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $171.13.

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.