Householder Group Estate & Retirement Specialist LLC Trims Position in Blackstone Inc. (NYSE:BX)

Householder Group Estate & Retirement Specialist LLC trimmed its holdings in shares of Blackstone Inc. (NYSE:BXFree Report) by 9.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,002 shares of the asset manager’s stock after selling 100 shares during the period. Householder Group Estate & Retirement Specialist LLC’s holdings in Blackstone were worth $131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of BX. Vanguard Group Inc. raised its position in Blackstone by 30.2% during the 3rd quarter. Vanguard Group Inc. now owns 62,091,903 shares of the asset manager’s stock worth $6,652,526,000 after buying an additional 14,396,655 shares during the last quarter. Norges Bank purchased a new position in shares of Blackstone during the 4th quarter valued at approximately $510,355,000. Moneta Group Investment Advisors LLC increased its holdings in shares of Blackstone by 96,256.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,790,996 shares of the asset manager’s stock valued at $429,634,000 after purchasing an additional 5,784,986 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Blackstone by 43.9% during the 3rd quarter. Northern Trust Corp now owns 6,877,288 shares of the asset manager’s stock valued at $736,833,000 after purchasing an additional 2,098,150 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Blackstone by 255.2% during the 3rd quarter. Invesco Ltd. now owns 2,698,085 shares of the asset manager’s stock valued at $289,073,000 after purchasing an additional 1,938,593 shares in the last quarter. 70.00% of the stock is currently owned by institutional investors.

Insider Activity at Blackstone

In other news, insider John G. Finley sold 49,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $127.93, for a total value of $6,268,570.00. Following the completion of the sale, the insider now directly owns 393,143 shares of the company’s stock, valued at $50,294,783.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider John G. Finley sold 49,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $127.93, for a total value of $6,268,570.00. Following the completion of the sale, the insider now directly owns 393,143 shares of the company’s stock, valued at $50,294,783.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of the stock in a transaction that occurred on Sunday, March 3rd. The shares were sold at an average price of $11.10, for a total value of $27,853,407.60. Following the completion of the sale, the insider now directly owns 12,802 shares of the company’s stock, valued at $142,102.20. The disclosure for this sale can be found here. Insiders sold 2,587,168 shares of company stock valued at $37,816,476 over the last three months. 1.00% of the stock is owned by corporate insiders.

Blackstone Stock Up 0.2 %

BX stock opened at $126.60 on Thursday. The company’s 50 day moving average price is $126.59 and its 200 day moving average price is $116.57. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.80 and a current ratio of 0.80. Blackstone Inc. has a fifty-two week low of $79.29 and a fifty-two week high of $133.56. The firm has a market capitalization of $90.47 billion, a price-to-earnings ratio of 69.18, a PEG ratio of 1.01 and a beta of 1.51.

Blackstone (NYSE:BXGet Free Report) last released its earnings results on Thursday, January 25th. The asset manager reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.16. Blackstone had a net margin of 17.34% and a return on equity of 17.30%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $2.48 billion. During the same period in the prior year, the firm earned $1.07 earnings per share. On average, equities research analysts anticipate that Blackstone Inc. will post 4.92 EPS for the current fiscal year.

Blackstone Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Monday, February 5th were issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.97%. This is an increase from Blackstone’s previous quarterly dividend of $0.80. The ex-dividend date was Friday, February 2nd. Blackstone’s dividend payout ratio is 205.46%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BX. BMO Capital Markets lifted their target price on shares of Blackstone from $95.00 to $101.00 and gave the company a “market perform” rating in a report on Friday, January 26th. Citigroup cut shares of Blackstone from a “buy” rating to a “neutral” rating and lifted their price target for the company from $116.00 to $124.00 in a research note on Friday, January 19th. Wells Fargo & Company lifted their price target on shares of Blackstone from $127.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. TheStreet cut shares of Blackstone from a “b” rating to a “c+” rating in a research note on Thursday, January 25th. Finally, The Goldman Sachs Group cut shares of Blackstone from a “buy” rating to a “neutral” rating and lifted their price target for the company from $115.00 to $128.00 in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $119.25.

Read Our Latest Analysis on BX

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.

See Also

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Institutional Ownership by Quarter for Blackstone (NYSE:BX)

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