Sivia Capital Partners LLC Has $265,000 Holdings in Blackstone Inc. (NYSE:BX)

Sivia Capital Partners LLC grew its holdings in shares of Blackstone Inc. (NYSE:BX) by 5.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,899 shares of the asset manager’s stock after purchasing an additional 105 shares during the period. Sivia Capital Partners LLC’s holdings in Blackstone were worth $265,000 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. Avidian Wealth Enterprises LLC lifted its position in shares of Blackstone by 0.4% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 16,184 shares of the asset manager’s stock valued at $2,790,000 after acquiring an additional 59 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its position in Blackstone by 0.5% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,426 shares of the asset manager’s stock valued at $1,970,000 after purchasing an additional 62 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in shares of Blackstone by 2.3% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 2,889 shares of the asset manager’s stock valued at $498,000 after purchasing an additional 65 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of Blackstone by 2.4% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 2,723 shares of the asset manager’s stock valued at $469,000 after purchasing an additional 65 shares during the last quarter. Finally, Sound View Wealth Advisors Group LLC lifted its position in shares of Blackstone by 0.9% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 8,110 shares of the asset manager’s stock worth $1,398,000 after buying an additional 74 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Blackstone

In other news, insider John G. Finley sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $138.47, for a total transaction of $3,461,750.00. Following the completion of the sale, the insider now directly owns 475,336 shares of the company’s stock, valued at $65,819,775.92. This trade represents a 5.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Private Credit Stra Blackstone acquired 1,660,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The shares were bought at an average price of $15.00 per share, with a total value of $24,900,000.00. Following the acquisition, the insider now directly owns 1,666,667 shares of the company’s stock, valued at $25,000,005. The trade was a 24,898.76% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

BX has been the subject of several research analyst reports. Piper Sandler lowered their target price on Blackstone from $182.00 to $140.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Morgan Stanley dropped their price objective on shares of Blackstone from $222.00 to $150.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Wells Fargo & Company upped their price target on shares of Blackstone from $139.00 to $153.00 and gave the stock an “equal weight” rating in a report on Friday, May 23rd. Cowen reissued a “buy” rating on shares of Blackstone in a report on Monday, April 21st. Finally, Citizens Jmp upgraded Blackstone from a “market perform” rating to an “outperform” rating and set a $165.00 target price for the company in a research report on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Blackstone currently has an average rating of “Hold” and an average target price of $155.65.

Blackstone Stock Performance

NYSE:BX opened at $140.42 on Monday. The firm has a market capitalization of $102.46 billion, a P/E ratio of 38.68, a P/E/G ratio of 1.07 and a beta of 1.65. Blackstone Inc. has a twelve month low of $115.66 and a twelve month high of $200.96. The company has a fifty day moving average of $135.47 and a 200-day moving average of $157.21. 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) last issued its earnings results on Thursday, April 17th. The asset manager reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.13). Blackstone had a net margin of 20.99% and a return on equity of 19.58%. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. As a group, sell-side analysts anticipate that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, April 28th were paid a dividend of $0.93 per share. The ex-dividend date was Monday, April 28th. This represents a $3.72 dividend on an annualized basis and a yield of 2.65%. Blackstone’s dividend payout ratio (DPR) is presently 112.05%.

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.