Vontobel Holding Ltd. lifted its position in Blackstone Inc. (NYSE:BX - Free Report) by 27.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,262 shares of the asset manager's stock after purchasing an additional 7,574 shares during the period. Vontobel Holding Ltd.'s holdings in Blackstone were worth $6,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sather Financial Group Inc grew its stake in Blackstone by 202.5% during the third quarter. Sather Financial Group Inc now owns 6,050 shares of the asset manager's stock valued at $926,000 after acquiring an additional 4,050 shares in the last quarter. Portside Wealth Group LLC purchased a new position in Blackstone during the third quarter valued at $201,000. Aljian Capital Management LLC purchased a new position in Blackstone during the third quarter valued at $1,951,000. Icon Wealth Advisors LLC grew its stake in Blackstone by 2,185.4% during the third quarter. Icon Wealth Advisors LLC now owns 18,946 shares of the asset manager's stock valued at $2,901,000 after acquiring an additional 18,117 shares in the last quarter. Finally, Wealthcare Capital Partners LLC purchased a new position in Blackstone during the fourth quarter valued at $2,102,000. 70.00% of the stock is owned by hedge funds and other institutional investors.
Blackstone Trading Up 0.0 %
BX traded up $0.07 on Wednesday, reaching $166.81. 3,162,540 shares of the company traded hands, compared to its average volume of 3,299,266. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.61. The company has a market cap of $120.44 billion, a P/E ratio of 45.95, a price-to-earnings-growth ratio of 1.07 and a beta of 1.53. The firm has a fifty day simple moving average of $175.23 and a two-hundred day simple moving average of $165.03. Blackstone Inc. has a one year low of $115.82 and a one year high of $200.96.
Blackstone (NYSE:BX - Get Free Report) last posted its earnings results on Thursday, January 30th. The asset manager reported $1.69 EPS for the quarter, beating 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%. As a group, equities research analysts expect that Blackstone Inc. will post 5.87 earnings per share for the current year.
Blackstone Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were given a dividend of $1.44 per share. This is an increase from Blackstone's previous quarterly dividend of $0.86. The ex-dividend date was Monday, February 10th. This represents a $5.76 dividend on an annualized basis and a yield of 3.45%. Blackstone's dividend payout ratio (DPR) is 158.68%.
Wall Street Analysts Forecast Growth
Several research firms have commented on BX. Piper Sandler increased their price objective on shares of Blackstone from $168.00 to $179.00 and gave the company a "neutral" rating in a research report on Monday, December 23rd. JPMorgan Chase & Co. increased their price objective on shares of Blackstone from $149.00 to $154.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Citigroup increased their price objective on shares of Blackstone from $170.00 to $190.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. StockNews.com lowered shares of Blackstone from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Finally, BMO Capital Markets increased their price objective on shares of Blackstone from $134.00 to $157.00 and gave the company a "market perform" rating in a research report on Thursday, December 19th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Blackstone currently has an average rating of "Hold" and a consensus target price of $172.38.
View Our Latest Report on Blackstone
About Blackstone
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Free Report)
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.
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