Blackstone Inc. (NYSE:BX) Holdings Lifted by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC lifted its stake in Blackstone Inc. (NYSE:BX) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,500 shares of the asset manager’s stock after acquiring an additional 133 shares during the period. Capital Advisors Ltd. LLC’s holdings in Blackstone were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in BX. Bourgeon Capital Management LLC lifted its stake in Blackstone by 86.2% during the fourth 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. Roble Belko & Company Inc purchased a new stake in shares of Blackstone in the 4th quarter valued at approximately $30,000. Exchange Traded Concepts LLC lifted its position in shares of Blackstone by 763.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 206 shares in the last quarter. Family CFO Inc bought a new stake in shares of Blackstone during the 3rd quarter worth $33,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of Blackstone during the 4th quarter worth $33,000. 70.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BX. Bank of America decreased their price objective on shares of Blackstone from $141.00 to $132.00 and set a “buy” rating for the company in a report on Friday, April 19th. UBS Group upped their price objective on shares of Blackstone from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Wells Fargo & Company increased their price target on shares of Blackstone from $127.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. JPMorgan Chase & Co. reduced their price target on shares of Blackstone from $105.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Blackstone from $123.00 to $127.00 and gave the stock a “market perform” rating in a report on Friday, January 26th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $123.65.

Insider Buying and Selling

In other Blackstone news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of the company’s stock in a transaction 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 in the company, valued at $142,102.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Blackstone news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of the company’s stock in a transaction 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 in the company, valued at $142,102.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John G. Finley sold 49,000 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $127.93, for a total transaction of $6,268,570.00. Following the completion of the transaction, the insider now owns 393,143 shares in the company, valued at $50,294,783.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,587,168 shares of company stock worth $37,816,476. Insiders own 1.00% of the company’s stock.

Blackstone Trading Down 1.5 %

Shares of NYSE:BX traded down $1.85 during trading on Thursday, hitting $121.93. 1,343,780 shares of the company’s stock were exchanged, compared to its average volume of 3,665,694. The company has a current ratio of 0.79, a quick ratio of 0.80 and a debt-to-equity ratio of 0.61. Blackstone Inc. has a 1-year low of $79.92 and a 1-year high of $133.56. The firm has a 50-day moving average price of $126.21 and a two-hundred day moving average price of $118.24. The firm has a market cap of $87.14 billion, a P/E ratio of 43.74, a PEG ratio of 1.03 and a beta of 1.51.

Blackstone (NYSE:BX) last posted its quarterly earnings data on Thursday, April 18th. The asset manager reported $0.98 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.98. Blackstone had a net margin of 20.84% and a return on equity of 17.33%. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the company earned $0.97 earnings per share. The firm’s revenue was up 166.9% compared to the same quarter last year. Equities analysts predict that Blackstone Inc. will post 4.77 earnings per share for the current year.

Blackstone Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Monday, April 29th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Friday, April 26th. This represents a $3.32 dividend on an annualized basis and a yield of 2.72%. Blackstone’s payout ratio is 132.86%.

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.