Robeco Institutional Asset Management B.V. Increases Holdings in Blackstone Inc. $BX

Robeco Institutional Asset Management B.V. increased its position in shares of Blackstone Inc. (NYSE:BX) by 109.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,637 shares of the asset manager’s stock after acquiring an additional 8,709 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Blackstone were worth $2,842,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Citigroup dropped their price objective on shares of Blackstone from $185.00 to $170.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. UBS Group reaffirmed a “neutral” rating on shares of Blackstone in a report on Wednesday, December 24th. JPMorgan Chase & Co. dropped their price target on Blackstone from $177.00 to $176.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th. Bank of America decreased their price objective on Blackstone from $199.00 to $189.00 in a report on Wednesday, December 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Blackstone in a research report on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $179.89.

Blackstone Trading Up 1.6%

Shares of BX stock opened at $157.76 on Friday. The business’s fifty day moving average price is $149.54 and its 200 day moving average price is $160.97. Blackstone Inc. has a 1-year low of $115.66 and a 1-year high of $190.09. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $116.50 billion, a PE ratio of 45.07, a P/E/G ratio of 1.11 and a beta of 1.75.

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

Blackstone Increases Dividend

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

Insiders Place Their Bets

In related news, Director Ruth Porat purchased 324 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average cost of $146.92 per share, with a total value of $47,602.08. Following the completion of the acquisition, the director directly owned 39,077 shares of the company’s stock, valued at approximately $5,741,192.84. The trade was a 0.84% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Holdings Iv Gp Mana Blackstone acquired 385,208 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average price of $25.96 per share, for a total transaction of $9,999,999.68. Following the completion of the transaction, the insider owned 16,332,883 shares in the company, valued at $424,001,642.68. The trade was a 2.42% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 797,148 shares of company stock worth $24,050,153. 1.00% of the stock is owned by insiders.

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.