SageView Advisory Group LLC Has $758,000 Holdings in Blackstone Inc. (NYSE:BX)

SageView Advisory Group LLC reduced its holdings in Blackstone Inc. (NYSE:BXFree Report) by 62.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,956 shares of the asset manager’s stock after selling 9,992 shares during the quarter. SageView Advisory Group LLC’s holdings in Blackstone were worth $758,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. UNIVEST FINANCIAL Corp lifted its holdings in Blackstone by 2.9% during the 4th quarter. UNIVEST FINANCIAL Corp now owns 3,320 shares of the asset manager’s stock worth $435,000 after buying an additional 95 shares in the last quarter. Marino Stram & Associates LLC raised its position in shares of Blackstone by 3.8% during the 4th quarter. Marino Stram & Associates LLC now owns 2,592 shares of the asset manager’s stock valued at $339,000 after acquiring an additional 96 shares during the last quarter. FFT Wealth Management LLC raised its position in shares of Blackstone by 2.0% during the 4th quarter. FFT Wealth Management LLC now owns 5,094 shares of the asset manager’s stock valued at $667,000 after acquiring an additional 99 shares during the last quarter. Mayfair Advisory Group LLC raised its position in shares of Blackstone by 2.7% during the 4th quarter. Mayfair Advisory Group LLC now owns 3,776 shares of the asset manager’s stock valued at $484,000 after acquiring an additional 100 shares during the last quarter. Finally, Hartford Financial Management Inc. raised its position in shares of Blackstone by 23.0% during the 4th quarter. Hartford Financial Management Inc. now owns 534 shares of the asset manager’s stock valued at $70,000 after acquiring an additional 100 shares during the last quarter. 70.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling 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 sale, the insider now owns 12,802 shares in the company, valued at $142,102.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Ruth Porat bought 219 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was acquired at an average price of $119.48 per share, with a total value of $26,166.12. Following the completion of the purchase, the director now directly owns 34,445 shares of the company’s stock, valued at $4,115,488.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of Blackstone stock in a transaction on Sunday, March 3rd. The stock was sold at an average price of $11.10, for a total transaction 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 disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Blackstone Stock Up 0.4 %

Shares of BX opened at $123.64 on Monday. The firm’s 50 day moving average is $124.85 and its 200-day moving average is $122.19. The stock has a market capitalization of $88.36 billion, a PE ratio of 43.69, a P/E/G ratio of 1.03 and a beta of 1.52. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.61. Blackstone Inc. has a 12 month low of $81.94 and a 12 month high of $133.56.

Blackstone (NYSE:BXGet Free Report) last announced 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 business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period last year, the firm posted $0.97 earnings per share. The firm’s quarterly revenue was up 166.9% compared to the same quarter last year. Equities research analysts forecast that Blackstone Inc. will post 4.77 EPS for the current year.

Blackstone Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Monday, April 29th were given a $0.83 dividend. The ex-dividend date was Friday, April 26th. This represents a $3.32 dividend on an annualized basis and a yield of 2.69%. Blackstone’s dividend payout ratio is currently 117.31%.

Wall Street Analysts Forecast Growth

BX has been the subject of several recent research reports. Morgan Stanley upped their target price on shares of Blackstone from $144.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. TD Cowen reduced their price objective on shares of Blackstone from $117.00 to $114.00 and set a “hold” rating for the company in a research note on Friday, April 19th. Bank of America cut their target price on shares of Blackstone from $141.00 to $132.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Argus raised their target price on shares of Blackstone from $133.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, UBS Group increased their price target on shares of Blackstone from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $123.65.

Get Our Latest Stock Analysis on BX

Blackstone Profile

(Free Report)

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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