Blackstone Inc. $BX Shares Bought by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its position in Blackstone Inc. (NYSE:BX) by 10.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 376,390 shares of the asset manager’s stock after acquiring an additional 36,637 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Blackstone were worth $58,017,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in BX. REAP Financial Group LLC acquired a new position in shares of Blackstone in the 3rd quarter worth approximately $26,000. Family CFO Inc acquired a new position in shares of Blackstone in the 4th quarter worth approximately $28,000. Ares Financial Consulting LLC acquired a new position in shares of Blackstone in the 4th quarter worth approximately $28,000. Richardson Financial Services Inc. acquired a new position in shares of Blackstone in the 4th quarter worth approximately $29,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Blackstone in the 3rd quarter worth approximately $30,000. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Blackstone Trading Down 1.6%

Shares of NYSE:BX opened at $116.06 on Friday. Blackstone Inc. has a 52 week low of $101.73 and a 52 week high of $190.09. The company’s 50 day moving average is $118.61 and its two-hundred day moving average is $132.80. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.66. The company has a market cap of $86.22 billion, a PE ratio of 29.68, a P/E/G ratio of 1.28 and a beta of 1.63.

Blackstone (NYSE:BX) last announced its quarterly earnings data on Thursday, April 23rd. The asset manager reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.02. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the prior year, the firm posted $1.11 EPS. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. Equities analysts predict that Blackstone Inc. will post 5.9 earnings per share for the current fiscal year.

Blackstone Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were given a $1.16 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 4.0%. Blackstone’s dividend payout ratio is currently 118.67%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BX shares. Morgan Stanley decreased their price objective on shares of Blackstone from $215.00 to $184.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Dbs Bank raised shares of Blackstone to a “moderate buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft cut their target price on shares of Blackstone from $156.00 to $146.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. UBS Group cut their target price on shares of Blackstone from $171.00 to $137.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Finally, Argus cut their target price on shares of Blackstone from $163.00 to $146.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Twelve equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $151.05.

Insider Buying and Selling

In related news, major shareholder Treasury Holdings I. Blackstone bought 9,486,795 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of $20.00 per share, with a total value of $189,735,900.00. Following the transaction, the insider directly owned 9,111,800 shares of the company’s stock, valued at approximately $182,236,000. This represents a -2,529.85% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,504 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $3.51, for a total transaction of $26,246,039.04. Following the completion of the transaction, the insider directly owned 25,832 shares in the company, valued at $90,670.32. This trade represents a 99.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders bought 12,355,303 shares of company stock worth $264,789,896 and sold 7,532,518 shares worth $30,496,500. 1.00% of the stock is currently owned by company insiders.

Blackstone Profile

Blackstone Inc (NYSE: BX) is a global investment firm focused on alternative asset management. Founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson and headquartered in New York City, the firm organizes and manages investment vehicles that acquire and operate businesses, real estate and credit investments, as well as provide hedge fund solutions and other alternative strategies for institutional and individual investors.

Blackstone’s business is organized around several principal investment platforms.