Yousif Capital Management LLC Has $14.99 Million Holdings in Blackstone Inc. (NYSE:BX)

Yousif Capital Management LLC lessened its position in shares of Blackstone Inc. (NYSE:BX - Free Report) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,957 shares of the asset manager's stock after selling 2,643 shares during the period. Yousif Capital Management LLC's holdings in Blackstone were worth $14,993,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC raised its position in Blackstone by 123.6% during the second quarter. AQR Capital Management LLC now owns 19,812 shares of the asset manager's stock valued at $2,453,000 after purchasing an additional 10,952 shares in the last quarter. Czech National Bank raised its stake in Blackstone by 7.7% in the third quarter. Czech National Bank now owns 146,687 shares of the asset manager's stock worth $22,462,000 after buying an additional 10,504 shares in the last quarter. GAMMA Investing LLC grew its stake in Blackstone by 53.0% in the third quarter. GAMMA Investing LLC now owns 8,137 shares of the asset manager's stock worth $1,246,000 after purchasing an additional 2,819 shares during the period. Diversified Trust Co grew its holdings in Blackstone by 1.7% in the third quarter. Diversified Trust Co now owns 8,804 shares of the asset manager's stock worth $1,348,000 after purchasing an additional 143 shares during the period. Finally, Fulton Bank N.A. boosted its holdings in Blackstone by 1.1% in the third quarter. Fulton Bank N.A. now owns 11,099 shares of the asset manager's stock worth $1,700,000 after acquiring an additional 118 shares in the last quarter. 70.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on BX shares. Deutsche Bank Aktiengesellschaft increased their target price on Blackstone from $172.00 to $182.00 and gave the company a "buy" rating in a research note on Monday, November 11th. The Goldman Sachs Group lifted their price objective on Blackstone from $135.00 to $150.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. StockNews.com downgraded Blackstone from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Bank of America boosted their target price on Blackstone from $171.00 to $192.00 and gave the stock a "buy" rating in a research report on Friday, October 18th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Blackstone from $174.00 to $177.00 and gave the company a "market perform" rating in a research report on Friday, January 31st. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Blackstone currently has a consensus rating of "Hold" and a consensus price target of $172.38.

Blackstone Price Performance

Shares of BX traded up $4.16 on Wednesday, reaching $174.99. The stock had a trading volume of 3,227,860 shares, compared to its average volume of 3,098,202. The firm has a market capitalization of $126.34 billion, a PE ratio of 48.21, a PEG ratio of 1.18 and a beta of 1.53. Blackstone Inc. has a twelve month low of $115.82 and a twelve month high of $200.96. The firm has a 50-day moving average of $179.34 and a 200 day moving average of $163.11. 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 (NYSE:BX - Get Free Report) last released its earnings results on Thursday, January 30th. The asset manager reported $1.69 earnings per share (EPS) 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%. Sell-side analysts expect that Blackstone Inc. will post 5.86 EPS for the current year.

Blackstone Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 10th will be issued a $1.44 dividend. The ex-dividend date is Monday, February 10th. This is a boost from Blackstone's previous quarterly dividend of $0.86. This represents a $5.76 annualized dividend and a yield of 3.29%. Blackstone's dividend payout ratio is currently 94.77%.

Insider Buying and Selling

In other Blackstone news, insider John G. Finley sold 42,249 shares of the company's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $175.94, for a total value of $7,433,289.06. Following the transaction, the insider now owns 387,137 shares of the company's stock, valued at approximately $68,112,883.78. This represents a 9.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by company insiders.

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.