Blackstone Inc. (NYSE:BX) Shares Acquired by Andra AP fonden

Andra AP fonden grew its stake in Blackstone Inc. (NYSE:BXFree Report) by 203.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 41,300 shares of the asset manager’s stock after acquiring an additional 27,700 shares during the period. Andra AP fonden’s holdings in Blackstone were worth $4,425,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BX. Capital World Investors grew its holdings in shares of Blackstone by 0.4% in the second quarter. Capital World Investors now owns 32,309,237 shares of the asset manager’s stock valued at $3,003,788,000 after purchasing an additional 115,544 shares in the last quarter. Morgan Stanley grew its holdings in shares of Blackstone by 3.7% in the fourth quarter. Morgan Stanley now owns 22,495,670 shares of the asset manager’s stock valued at $1,668,954,000 after purchasing an additional 798,734 shares in the last quarter. State Street Corp grew its holdings in shares of Blackstone by 2.1% in the first quarter. State Street Corp now owns 16,157,334 shares of the asset manager’s stock valued at $1,419,249,000 after purchasing an additional 332,962 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Blackstone by 13.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 14,825,769 shares of the asset manager’s stock worth $1,588,433,000 after acquiring an additional 1,744,652 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Blackstone by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 7,996,775 shares of the asset manager’s stock worth $742,875,000 after acquiring an additional 71,608 shares in the last quarter. 63.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on BX shares. Piper Sandler reiterated an “overweight” rating and set a $150.00 price target on shares of Blackstone in a report on Wednesday, December 20th. Morgan Stanley boosted their price target on shares of Blackstone from $120.00 to $144.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Oppenheimer cut shares of Blackstone from an “outperform” rating to a “market perform” rating in a report on Thursday, January 11th. Keefe, Bruyette & Woods upped their target price on shares of Blackstone from $123.00 to $127.00 and gave the company a “market perform” rating in a report on Friday, January 26th. Finally, Wells Fargo & Company upped their target price on shares of Blackstone from $127.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $117.81.

Check Out Our Latest Analysis on Blackstone

Insider Activity

In other news, CAO David Payne sold 5,500 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $128.21, for a total value of $705,155.00. Following the completion of the transaction, the chief accounting officer now owns 47,781 shares in the company, valued at approximately $6,126,002.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO David Payne sold 5,500 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $128.21, for a total value of $705,155.00. Following the sale, the chief accounting officer now directly owns 47,781 shares of the company’s stock, valued at approximately $6,126,002.01. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Joseph Baratta sold 28,852 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $128.05, for a total transaction of $3,694,498.60. Following the completion of the sale, the director now directly owns 982,221 shares in the company, valued at $125,773,399.05. The disclosure for this sale can be found here. Insiders sold 83,352 shares of company stock worth $10,668,224 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Blackstone Stock Down 0.1 %

Shares of Blackstone stock opened at $127.68 on Friday. The company has a market cap of $90.72 billion, a P/E ratio of 69.77, a PEG ratio of 3.16 and a beta of 1.52. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.84 and a current ratio of 0.80. Blackstone Inc. has a one year low of $76.19 and a one year high of $133.53. The firm has a fifty day moving average of $123.13 and a two-hundred day moving average of $110.44.

Blackstone (NYSE:BXGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The asset manager reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.16. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $2.48 billion. Blackstone had a net margin of 17.34% and a return on equity of 17.30%. During the same quarter in the prior year, the firm earned $1.07 EPS. On average, analysts forecast that Blackstone Inc. will post 4.95 earnings per share for the current year.

Blackstone Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Monday, February 5th will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Friday, February 2nd. This is an increase from Blackstone’s previous quarterly dividend of $0.80. Blackstone’s dividend payout ratio (DPR) is currently 205.46%.

Blackstone Company 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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