Duncker Streett & Co. Inc. Sells 100 Shares of Blackstone Inc. (NYSE:BX)

Duncker Streett & Co. Inc. reduced its holdings in shares of Blackstone Inc. (NYSE:BX) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,957 shares of the asset manager’s stock after selling 100 shares during the period. Blackstone accounts for approximately 1.2% of Duncker Streett & Co. Inc.’s investment portfolio, making the stock its 21st biggest holding. Duncker Streett & Co. Inc.’s holdings in Blackstone were worth $5,493,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Marino Stram & Associates LLC lifted its position in Blackstone by 3.8% during the fourth quarter. Marino Stram & Associates LLC now owns 2,592 shares of the asset manager’s stock valued at $339,000 after buying an additional 96 shares during the period. Mayfair Advisory Group LLC boosted its position in shares of Blackstone by 2.7% in the 4th quarter. Mayfair Advisory Group LLC now owns 3,776 shares of the asset manager’s stock worth $484,000 after purchasing an additional 100 shares in the last quarter. Hartford Financial Management Inc. boosted its holdings in Blackstone by 23.0% in the fourth quarter. Hartford Financial Management Inc. now owns 534 shares of the asset manager’s stock worth $70,000 after acquiring an additional 100 shares in the last quarter. Bourgeon Capital Management LLC grew its position in Blackstone by 86.2% during the 4th quarter. Bourgeon Capital Management LLC now owns 216 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. Finally, Pinnacle Financial Partners Inc lifted its stake in shares of Blackstone by 0.3% in the fourth quarter. Pinnacle Financial Partners Inc now owns 39,671 shares of the asset manager’s stock worth $5,194,000 after buying an additional 102 shares in the last quarter. 70.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Blackstone

In other Blackstone news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of the firm’s stock in a transaction that occurred on Sunday, March 3rd. The shares were sold at an average price of $11.10, for a total value of $27,853,407.60. Following the transaction, the insider now directly owns 12,802 shares of the company’s stock, valued at approximately $142,102.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of the company’s stock in a transaction dated Sunday, March 3rd. The shares were sold at an average price of $11.10, for a total value of $27,853,407.60. Following the completion of the sale, the insider now owns 12,802 shares of the company’s stock, valued at $142,102.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ruth Porat purchased 232 shares of Blackstone stock in a transaction dated Monday, February 12th. The shares were purchased at an average cost of $127.08 per share, for a total transaction of $29,482.56. Following the transaction, the director now owns 34,225 shares in the company, valued at approximately $4,349,313. The disclosure for this purchase can be found here. Insiders sold 2,587,168 shares of company stock valued at $37,816,476 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BX has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on Blackstone from $91.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Keefe, Bruyette & Woods increased their price target on Blackstone from $123.00 to $127.00 and gave the stock a “market perform” rating in a research note on Friday, January 26th. JMP Securities reiterated a “market perform” rating on shares of Blackstone in a research report on Tuesday, April 9th. Piper Sandler reduced their price target on shares of Blackstone from $150.00 to $146.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th. Finally, UBS Group raised their price target on Blackstone from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Blackstone presently has an average rating of “Hold” and a consensus price target of $119.92.

Blackstone Stock Performance

BX stock traded up $0.71 during trading on Wednesday, hitting $121.88. 3,540,130 shares of the company traded hands, compared to its average volume of 2,705,394. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $87.10 billion, a PE ratio of 66.60, a P/E/G ratio of 0.99 and a beta of 1.51. The stock’s 50-day simple moving average is $126.87 and its 200 day simple moving average is $117.60. Blackstone Inc. has a 1 year low of $79.92 and a 1 year high of $133.56.

Blackstone (NYSE:BX) last released its quarterly earnings results on Thursday, January 25th. The asset manager reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.16. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $2.48 billion. Blackstone had a return on equity of 17.30% and a net margin of 17.34%. During the same quarter in the prior year, the firm posted $1.07 EPS. On average, equities analysts expect that Blackstone Inc. will post 4.88 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Monday, February 5th were paid a $0.94 dividend. This is an increase from Blackstone’s previous quarterly dividend of $0.80. This represents a $3.76 annualized dividend and a yield of 3.09%. The ex-dividend date was Friday, February 2nd. Blackstone’s dividend payout ratio is currently 205.46%.

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.