Trexquant Investment LP Buys 13,882 Shares of Blackstone Inc. (NYSE:BX)

Trexquant Investment LP increased its position in Blackstone Inc. (NYSE:BX - Free Report) by 43.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,709 shares of the asset manager's stock after buying an additional 13,882 shares during the quarter. Trexquant Investment LP's holdings in Blackstone were worth $7,881,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Blackstone by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 15,341,300 shares of the asset manager's stock worth $2,637,266,000 after purchasing an additional 444,887 shares during the period. Nemes Rush Group LLC raised its holdings in Blackstone by 49.8% during the 4th quarter. Nemes Rush Group LLC now owns 334 shares of the asset manager's stock worth $58,000 after buying an additional 111 shares during the period. StoneX Group Inc. boosted its holdings in shares of Blackstone by 39.8% in the fourth quarter. StoneX Group Inc. now owns 34,251 shares of the asset manager's stock worth $5,906,000 after buying an additional 9,759 shares during the period. Tradewinds LLC. acquired a new stake in shares of Blackstone during the fourth quarter valued at approximately $447,000. Finally, HighPoint Advisor Group LLC boosted its stake in Blackstone by 5.3% in the 4th quarter. HighPoint Advisor Group LLC now owns 16,922 shares of the asset manager's stock worth $2,788,000 after purchasing an additional 857 shares during the period. 70.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BX shares. Citizens Jmp raised Blackstone from a "market perform" rating to an "outperform" rating and set a $165.00 price objective for the company in a research note on Tuesday. Barclays cut their target price on Blackstone from $186.00 to $129.00 and set an "equal weight" rating on the stock in a report on Monday. Wells Fargo & Company decreased their price objective on shares of Blackstone from $160.00 to $139.00 and set an "equal weight" rating for the company in a report on Tuesday. StockNews.com lowered shares of Blackstone from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Finally, TD Cowen cut their price objective on Blackstone from $233.00 to $147.00 and set a "buy" rating for the company in a research report on Wednesday. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $157.22.

Insider Activity

In other news, Director Ruth Porat acquired 301 shares of the firm's stock in a transaction 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 transaction, the director now owns 36,829 shares of the company's stock, valued at approximately $6,071,260.65. This represents a 0.82 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.

Blackstone Price Performance

BX stock traded up $17.87 during trading on Wednesday, hitting $137.94. The company had a trading volume of 11,507,411 shares, compared to its average volume of 3,649,589. The company has a market cap of $100.62 billion, a P/E ratio of 38.00, a P/E/G ratio of 1.07 and a beta of 1.61. The company has a fifty day moving average price of $150.91 and a two-hundred day moving average price of $166.02. Blackstone Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $200.96. 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 announced its quarterly earnings results on Thursday, January 30th. The asset manager reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 expect that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were paid a $1.44 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $5.76 dividend on an annualized basis and a yield of 4.18%. This is a positive change from Blackstone's previous quarterly dividend of $0.86. Blackstone's payout ratio is currently 158.68%.

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.