UniSuper Management Pty Ltd Has $7.70 Million Stock Holdings in Blackstone Inc. (NYSE:BX)

UniSuper Management Pty Ltd lifted its holdings in shares of Blackstone Inc. (NYSE:BX - Free Report) by 24.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,632 shares of the asset manager's stock after buying an additional 8,887 shares during the quarter. UniSuper Management Pty Ltd's holdings in Blackstone were worth $7,695,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BX. Vanguard Group Inc. grew its holdings in shares of Blackstone by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 66,894,632 shares of the asset manager's stock valued at $11,533,972,000 after buying an additional 889,286 shares during the period. State Street Corp lifted its stake in Blackstone by 1.2% in 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 buying an additional 348,751 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Blackstone by 2.3% during 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 acquiring an additional 336,308 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Blackstone by 2.9% during 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Blackstone by 3.5% in the third 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 purchasing an additional 116,367 shares in the last quarter. 70.00% of the stock is owned by institutional investors.

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Insider Buying and Selling

In other news, Director Ruth Porat bought 301 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was acquired at an average price of $164.85 per share, with a total value of $49,619.85. Following the transaction, the director now owns 36,829 shares of the company's stock, valued at $6,071,260.65. This trade represents a 0.82 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Blackstone Price Performance

Shares of BX stock traded up $1.87 on Tuesday, hitting $141.65. 813,180 shares of the company's stock were exchanged, compared to its average volume of 3,437,394. The company has a 50 day moving average of $160.06 and a 200 day moving average of $167.67. The stock has a market cap of $103.32 billion, a P/E ratio of 38.96, a price-to-earnings-growth ratio of 1.07 and a beta of 1.55. 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 current ratio of 0.67 and a quick ratio of 0.71.

Blackstone (NYSE:BX - Get Free Report) last issued its quarterly earnings data 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 return on equity of 19.58% and a net margin of 20.99%. On average, equities research analysts predict that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were paid a dividend of $1.44 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $5.76 annualized dividend and a dividend yield of 4.07%. This is an increase from Blackstone's previous quarterly dividend of $0.86. Blackstone's dividend payout ratio (DPR) is presently 158.68%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BX shares. Piper Sandler lifted their price objective on shares of Blackstone from $168.00 to $179.00 and gave the company a "neutral" rating in a report on Monday, December 23rd. StockNews.com cut shares of Blackstone from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. UBS Group raised Blackstone from a "neutral" rating to a "buy" rating and set a $180.00 target price on the stock in a research report on Monday, March 17th. Wells Fargo & Company decreased their price target on Blackstone from $180.00 to $160.00 and set an "equal weight" rating for the company in a research note on Thursday, March 20th. Finally, Citigroup reissued a "hold" rating on shares of Blackstone in a report on Friday, February 7th. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $171.13.

About Blackstone

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.