Asset Management One Co. Ltd. Has $58.05 Million Stock Position in Blackstone Inc. $BX

Asset Management One Co. Ltd. lifted its stake in Blackstone Inc. (NYSE:BX) by 5.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 339,779 shares of the asset manager’s stock after buying an additional 18,594 shares during the period. Asset Management One Co. Ltd.’s holdings in Blackstone were worth $58,051,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Arcus Capital Partners LLC boosted its stake in shares of Blackstone by 1.2% in the 2nd quarter. Arcus Capital Partners LLC now owns 4,937 shares of the asset manager’s stock valued at $739,000 after purchasing an additional 58 shares in the last quarter. Mattern Wealth Management LLC boosted its position in Blackstone by 2.8% in the second quarter. Mattern Wealth Management LLC now owns 2,213 shares of the asset manager’s stock valued at $331,000 after buying an additional 60 shares in the last quarter. GHP Investment Advisors Inc. increased its holdings in shares of Blackstone by 3.5% during the second quarter. GHP Investment Advisors Inc. now owns 1,784 shares of the asset manager’s stock worth $267,000 after buying an additional 61 shares in the last quarter. Sage Rhino Capital LLC raised its stake in shares of Blackstone by 0.8% in the second quarter. Sage Rhino Capital LLC now owns 8,036 shares of the asset manager’s stock valued at $1,202,000 after acquiring an additional 63 shares during the last quarter. Finally, WNY Asset Management LLC grew its position in Blackstone by 1.7% during the 2nd quarter. WNY Asset Management LLC now owns 3,852 shares of the asset manager’s stock worth $576,000 after acquiring an additional 64 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Ruth Porat purchased 324 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $146.92 per share, with a total value of $47,602.08. Following the acquisition, the director directly owned 39,077 shares of the company’s stock, valued at approximately $5,741,192.84. This represents a 0.84% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James Breyer acquired 13,900 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average cost of $143.86 per share, for a total transaction of $1,999,654.00. Following the purchase, the director directly owned 68,906 shares in the company, valued at $9,912,817.16. This trade represents a 25.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 797,148 shares of company stock worth $24,050,153 over the last quarter. 1.00% of the stock is owned by insiders.

Blackstone Price Performance

BX opened at $158.58 on Friday. The company has a fifty day moving average price of $148.70 and a two-hundred day moving average price of $160.30. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $117.10 billion, a PE ratio of 45.31, a P/E/G ratio of 1.11 and a beta of 1.75. Blackstone Inc. has a 52 week low of $115.66 and a 52 week high of $190.09.

Blackstone (NYSE:BX) last posted its quarterly earnings results on Friday, November 22nd. The asset manager reported $0.97 earnings per share (EPS) for the quarter. Blackstone had a return on equity of 22.30% and a net margin of 20.56%.The business had revenue of $2.49 billion for the quarter. As a group, analysts anticipate that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Monday, November 3rd were given a $1.29 dividend. The ex-dividend date was Monday, November 3rd. This represents a $5.16 dividend on an annualized basis and a dividend yield of 3.3%. This is a positive change from Blackstone’s previous quarterly dividend of $1.03. Blackstone’s dividend payout ratio is 147.43%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. UBS Group restated a “neutral” rating on shares of Blackstone in a report on Wednesday, December 24th. Jefferies Financial Group lowered their price objective on shares of Blackstone from $199.00 to $187.00 in a research report on Monday, November 10th. Evercore ISI decreased their price target on shares of Blackstone from $197.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. Keefe, Bruyette & Woods dropped their price objective on shares of Blackstone from $180.00 to $171.00 and set a “market perform” rating for the company in a research report on Monday, October 13th. Finally, The Goldman Sachs Group lifted their target price on Blackstone from $173.00 to $174.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Ten investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Blackstone presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.95.

Blackstone Company 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.