Blair William & Co. IL Increases Stock Holdings in Blackstone Inc. $BX

Blair William & Co. IL increased its holdings in Blackstone Inc. (NYSE:BXFree Report) by 0.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,361,649 shares of the asset manager’s stock after acquiring an additional 5,717 shares during the period. Blair William & Co. IL owned approximately 0.18% of Blackstone worth $232,638,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Blackstone by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 69,492,377 shares of the asset manager’s stock valued at $10,394,670,000 after acquiring an additional 1,494,796 shares during the period. Whittier Trust Co. increased its holdings in Blackstone by 2.1% in the 3rd quarter. Whittier Trust Co. now owns 346,318 shares of the asset manager’s stock valued at $58,337,000 after purchasing an additional 7,053 shares during the last quarter. Close Asset Management Ltd lifted its stake in Blackstone by 16,035.1% during the third quarter. Close Asset Management Ltd now owns 1,140,264 shares of the asset manager’s stock worth $194,746,000 after purchasing an additional 1,133,197 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Blackstone by 733.2% during the third quarter. Exchange Traded Concepts LLC now owns 13,715 shares of the asset manager’s stock worth $2,343,000 after buying an additional 12,069 shares during the period. Finally, Longfellow Investment Management Co. LLC raised its holdings in shares of Blackstone by 259.8% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 22,160 shares of the asset manager’s stock valued at $3,315,000 after buying an additional 16,001 shares during the period. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $10.00, for a total transaction of $15,961,420.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Holdings Iv Gp Mana Blackstone purchased 1,146,789 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was acquired at an average price of $26.16 per share, for a total transaction of $30,000,000.24. Following the completion of the purchase, the insider owned 16,716,249 shares of the company’s stock, valued at approximately $437,297,073.84. This represents a 7.37% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.00% of the company’s stock.

Blackstone Stock Performance

Shares of BX stock opened at $110.20 on Friday. Blackstone Inc. has a 52-week low of $105.09 and a 52-week high of $190.09. The stock’s 50-day moving average price is $139.66 and its 200 day moving average price is $152.66. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $81.79 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 0.99 and a beta of 1.79.

Blackstone (NYSE:BXGet Free Report) last released its earnings results on Thursday, January 29th. The asset manager reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.21. The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $3.69 billion. Blackstone had a return on equity of 22.17% and a net margin of 20.89%.The company’s revenue for the quarter was up 41.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.69 earnings per share. As a group, equities research analysts forecast that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were issued a $1.49 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $5.96 dividend on an annualized basis and a yield of 5.4%. This is a boost from Blackstone’s previous quarterly dividend of $1.29. Blackstone’s dividend payout ratio is presently 153.61%.

Analyst Ratings Changes

BX has been the subject of several research reports. HSBC dropped their target price on Blackstone from $178.00 to $174.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. Royal Bank Of Canada began coverage on shares of Blackstone in a report on Monday, February 23rd. They issued an “outperform” rating and a $179.00 price objective for the company. Argus decreased their price target on shares of Blackstone from $195.00 to $163.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. BNP Paribas Exane reduced their price objective on Blackstone from $167.00 to $156.00 and set a “neutral” rating on the stock in a research note on Monday, January 12th. Finally, Citizens Jmp reissued a “market outperform” rating and set a $195.00 target price on shares of Blackstone in a research note on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, Blackstone presently has an average rating of “Moderate Buy” and an average price target of $165.86.

Check Out Our Latest Stock Report on Blackstone

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Blackstone Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Blackstone (NYSE:BX)

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