Blackstone Inc. (NYSE:BX) Shares Sold by Meitav Investment House Ltd.

Meitav Investment House Ltd. reduced its stake in shares of Blackstone Inc. (NYSE:BX) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,091 shares of the asset manager’s stock after selling 939 shares during the quarter. Meitav Investment House Ltd.’s holdings in Blackstone were worth $1,567,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in BX. Sather Financial Group Inc boosted its position in Blackstone by 202.5% during the 3rd quarter. Sather Financial Group Inc now owns 6,050 shares of the asset manager’s stock worth $926,000 after acquiring an additional 4,050 shares during the period. Portside Wealth Group LLC bought a new position in Blackstone in the 3rd quarter valued at about $201,000. Aljian Capital Management LLC acquired a new position in Blackstone during the 3rd quarter valued at about $1,951,000. Icon Wealth Advisors LLC boosted its holdings in shares of Blackstone by 2,185.4% in the third quarter. Icon Wealth Advisors LLC now owns 18,946 shares of the asset manager’s stock valued at $2,901,000 after acquiring an additional 18,117 shares in the last quarter. Finally, Wealthcare Capital Partners LLC bought a new stake in Blackstone during the fourth quarter worth approximately $2,102,000. 70.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays dropped their price objective on Blackstone from $192.00 to $186.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on shares of Blackstone from $149.00 to $154.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. BMO Capital Markets increased their target price on shares of Blackstone from $134.00 to $157.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods increased their price objective on Blackstone from $174.00 to $177.00 and gave the company a “market perform” rating in a research report on Friday, January 31st. Finally, Citigroup boosted their target price on Blackstone from $170.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Blackstone currently has an average rating of “Hold” and an average target price of $172.38.

Blackstone Stock Up 0.0 %

Shares of Blackstone stock opened at $166.81 on Thursday. The stock has a 50-day simple moving average of $174.71 and a 200-day simple moving average of $165.04. Blackstone Inc. has a 52-week low of $115.82 and a 52-week high of $200.96. The firm has a market cap of $120.44 billion, a price-to-earnings ratio of 45.95, a P/E/G ratio of 1.07 and a beta of 1.53. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.67 and a quick ratio of 0.71.

Blackstone (NYSE:BX) last announced its quarterly earnings results on Thursday, January 30th. The asset manager reported $1.69 EPS for the quarter, topping the consensus estimate of $1.50 by $0.19. Blackstone had a net margin of 20.99% and a return on equity of 19.58%. On average, equities research analysts expect that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were paid a $1.44 dividend. This represents a $5.76 dividend on an annualized basis and a dividend yield of 3.45%. This is an increase from Blackstone’s previous quarterly dividend of $0.86. The ex-dividend date was Monday, February 10th. Blackstone’s dividend payout ratio (DPR) is presently 158.68%.

Blackstone Company Profile

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.