Blackstone Inc. $BX Shares Acquired by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG increased its holdings in shares of Blackstone Inc. (NYSE:BXFree Report) by 275.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 108,374 shares of the asset manager’s stock after acquiring an additional 79,491 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Blackstone were worth $18,516,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Blackstone by 1.9% during the third quarter. Vanguard Group Inc. now owns 70,827,437 shares of the asset manager’s stock worth $12,100,868,000 after buying an additional 1,335,060 shares during the period. Geode Capital Management LLC boosted its stake in shares of Blackstone by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 16,542,863 shares of the asset manager’s stock worth $2,462,706,000 after acquiring an additional 227,416 shares in the last quarter. Norges Bank acquired a new stake in shares of Blackstone in the 2nd quarter worth approximately $1,071,348,000. Legal & General Group Plc increased its stake in Blackstone by 4.7% in the 2nd quarter. Legal & General Group Plc now owns 4,532,941 shares of the asset manager’s stock valued at $678,037,000 after purchasing an additional 202,245 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Blackstone by 0.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 4,200,194 shares of the asset manager’s stock worth $628,265,000 after purchasing an additional 37,327 shares in the last quarter. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Blackstone

In related news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $10.00, for a total value of $15,961,420.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Holdings Iv Gp Mana Blackstone purchased 1,146,789 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was acquired at an average cost 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 in the company, valued at $437,297,073.84. The trade was a 7.37% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.00% of the company’s stock.

Blackstone News Roundup

Here are the key news stories impacting Blackstone this week:

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BX shares. BMO Capital Markets dropped their price target on Blackstone from $180.00 to $165.00 and set an “outperform” rating for the company in a research report on Monday, February 2nd. HSBC lowered their price objective on shares of Blackstone from $178.00 to $174.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Blackstone from $164.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Barclays lowered their price target on shares of Blackstone from $164.00 to $126.00 and set an “equal weight” rating on the stock in a research report on Monday, March 2nd. Finally, Bank of America reduced their target price on Blackstone from $199.00 to $189.00 in a research note on Wednesday, December 10th. Eleven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Blackstone currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.86.

View Our Latest Stock Analysis on BX

Blackstone Price Performance

Blackstone stock opened at $110.20 on Friday. The stock has a market capitalization of $81.79 billion, a P/E ratio of 28.40, a P/E/G ratio of 0.95 and a beta of 1.79. Blackstone Inc. has a 12-month low of $105.09 and a 12-month high of $190.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.76 and a quick ratio of 0.75. The firm’s 50-day moving average is $139.66 and its two-hundred day moving average is $152.56.

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

Blackstone Increases Dividend

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

About Blackstone

(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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