Virtu Financial LLC Has $1.26 Million Stock Position in Blackstone Inc. (NYSE:BX)

Virtu Financial LLC trimmed its stake in Blackstone Inc. (NYSE:BX - Free Report) by 78.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,313 shares of the asset manager's stock after selling 26,402 shares during the period. Virtu Financial LLC's holdings in Blackstone were worth $1,261,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Bangor Savings Bank increased its stake in 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 acquiring an additional 105 shares during the period. Hager Investment Management Services LLC acquired a new position in shares of Blackstone in the 4th quarter worth approximately $28,000. Centricity Wealth Management LLC acquired a new stake in Blackstone in the 4th quarter valued at $30,000. Berbice Capital Management LLC bought a new position in shares of Blackstone during the fourth quarter valued at $34,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of Blackstone in the 4th quarter worth about $34,000. 70.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Blackstone news, Director Ruth Porat purchased 301 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of $164.85 per share, for a total transaction of $49,619.85. Following the completion of the purchase, the director now owns 36,829 shares of the company's stock, valued at approximately $6,071,260.65. The trade was a 0.82 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by insiders.

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Analysts Set New Price Targets

Several analysts have recently weighed in on BX shares. Barclays reaffirmed an "equal weight" rating on shares of Blackstone in a report on Friday, February 7th. Citigroup reiterated a "hold" rating on shares of Blackstone in a research report on Friday, February 7th. Wells Fargo & Company lowered their price target on shares of Blackstone from $180.00 to $160.00 and set an "equal weight" rating for the company in a research report on Thursday, March 20th. StockNews.com cut shares of Blackstone from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Finally, Piper Sandler raised their target price on Blackstone from $168.00 to $179.00 and gave the stock a "neutral" rating in a report on Monday, December 23rd. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $171.13.

Blackstone Stock Down 0.9 %

Shares of NYSE:BX traded down $1.40 during midday trading on Tuesday, reaching $150.68. The company had a trading volume of 1,663,798 shares, compared to its average volume of 3,278,089. The stock has a market cap of $109.91 billion, a PE ratio of 41.54, a P/E/G ratio of 1.07 and a beta of 1.55. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.61. Blackstone Inc. has a 1-year low of $115.82 and a 1-year high of $200.96. The business's 50 day moving average price is $163.26 and its 200 day moving average price is $167.59.

Blackstone (NYSE:BX - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The asset manager reported $1.69 earnings per share for the quarter, topping 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%. Research analysts forecast that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were given a $1.44 dividend. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Blackstone's previous quarterly dividend of $0.86. This represents a $5.76 annualized dividend and a dividend yield of 3.82%. Blackstone's dividend payout ratio is presently 158.68%.

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.