3,200 Shares in Blackstone Inc. (NYSE:BX) Purchased by SlateStone Wealth LLC

SlateStone Wealth LLC bought a new position in Blackstone Inc. (NYSE:BXGet Rating) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,200 shares of the asset manager’s stock, valued at approximately $414,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Compass Ion Advisors LLC lifted its stake in Blackstone by 0.8% in the 4th quarter. Compass Ion Advisors LLC now owns 24,645 shares of the asset manager’s stock worth $3,189,000 after purchasing an additional 187 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in Blackstone by 16.1% in the 4th quarter. Pinnacle Associates Ltd. now owns 136,167 shares of the asset manager’s stock worth $17,619,000 after purchasing an additional 18,850 shares in the last quarter. Waldron Private Wealth LLC lifted its stake in Blackstone by 0.4% in the 4th quarter. Waldron Private Wealth LLC now owns 40,052 shares of the asset manager’s stock worth $5,182,000 after purchasing an additional 144 shares in the last quarter. Fifth Third Bancorp lifted its stake in Blackstone by 21.8% in the 4th quarter. Fifth Third Bancorp now owns 35,920 shares of the asset manager’s stock worth $4,648,000 after purchasing an additional 6,421 shares in the last quarter. Finally, Yarbrough Capital LLC purchased a new position in Blackstone in the 4th quarter worth approximately $9,483,000. 61.09% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider John G. Finley sold 30,000 shares of the company’s stock in a transaction dated Wednesday, February 2nd. The shares were sold at an average price of $137.38, for a total value of $4,121,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Holdings L.P. Blackstone III sold 18,429 shares of the company’s stock in a transaction dated Tuesday, April 5th. The shares were sold at an average price of $63.58, for a total transaction of $1,171,715.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 758,862 shares of company stock valued at $48,643,887. Insiders own 1.00% of the company’s stock.

Shares of NYSE:BX traded down $0.67 during trading on Friday, hitting $114.97. The company’s stock had a trading volume of 2,695,323 shares, compared to its average volume of 4,275,809. The business has a 50 day moving average price of $123.74 and a two-hundred day moving average price of $127.28. The company has a market capitalization of $78.97 billion, a PE ratio of 14.12, a P/E/G ratio of 1.61 and a beta of 1.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.70 and a current ratio of 0.70. Blackstone Inc. has a fifty-two week low of $75.76 and a fifty-two week high of $149.78.

Blackstone (NYSE:BXGet Rating) last posted its quarterly earnings results on Thursday, January 27th. The asset manager reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.37. The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $3.12 billion. Blackstone had a net margin of 25.94% and a return on equity of 17.72%. The company’s quarterly revenue was up 59.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.13 earnings per share. As a group, equities analysts expect that Blackstone Inc. will post 5.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, February 14th. Shareholders of record on Monday, February 7th were paid a $1.45 dividend. This is an increase from Blackstone’s previous quarterly dividend of $1.03. The ex-dividend date was Friday, February 4th. This represents a $5.80 annualized dividend and a dividend yield of 5.04%. Blackstone’s payout ratio is 71.25%.

Several research firms have recently commented on BX. StockNews.com began coverage on shares of Blackstone in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Exane BNP Paribas lowered shares of Blackstone from an “outperform” rating to a “neutral” rating in a research report on Thursday. Zacks Investment Research raised shares of Blackstone from a “sell” rating to a “hold” rating and set a $125.00 price target on the stock in a research report on Thursday. Wells Fargo & Company began coverage on shares of Blackstone in a research report on Wednesday, December 15th. They set an “equal weight” rating and a $135.00 price target on the stock. Finally, Bank of America began coverage on shares of Blackstone in a research report on Thursday, December 16th. They set a “buy” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $135.82.

Blackstone Company Profile (Get Rating)

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.

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Institutional Ownership by Quarter for Blackstone (NYSE:BX)

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