Blackstone Inc. (NYSE:BX) Shares Bought by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in Blackstone Inc. (NYSE:BX) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,018 shares of the asset manager’s stock after purchasing an additional 90 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Blackstone were worth $348,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BX. Bangor Savings Bank lifted its holdings in Blackstone by 187.5% during the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock worth $28,000 after buying an additional 105 shares in the last quarter. Hager Investment Management Services LLC purchased a new stake in shares of Blackstone in the 4th quarter valued at approximately $28,000. Roxbury Financial LLC purchased a new stake in shares of Blackstone in the 4th quarter valued at approximately $34,000. Berbice Capital Management LLC purchased a new position in shares of Blackstone in the 4th quarter valued at $34,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of Blackstone in the 4th quarter valued at $34,000. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Blackstone Stock Down 1.8 %

BX stock opened at $163.83 on Friday. Blackstone Inc. has a one year low of $115.82 and a one year high of $200.96. The stock has a market capitalization of $118.28 billion, a PE ratio of 45.13, a price-to-earnings-growth ratio of 1.09 and a beta of 1.53. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.67. The company has a fifty day moving average of $174.18 and a 200-day moving average of $165.03.

Blackstone (NYSE:BX) last released its 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%. As a group, analysts expect that Blackstone Inc. will post 5.87 EPS for the current 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 is a boost from Blackstone’s previous quarterly dividend of $0.86. The ex-dividend date was Monday, February 10th. This represents a $5.76 annualized dividend and a dividend yield of 3.52%. Blackstone’s dividend payout ratio (DPR) is 158.68%.

Insider Activity at Blackstone

In other Blackstone news, Director Ruth Porat bought 301 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was purchased at an average cost of $164.85 per share, for a total transaction of $49,619.85. Following the acquisition, the director now owns 36,829 shares of the company’s stock, valued at $6,071,260.65. The trade was a 0.82 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on BX shares. Keefe, Bruyette & Woods increased their target price on shares of Blackstone from $174.00 to $177.00 and gave the company a “market perform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their target price 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 report on Thursday, December 19th. TD Cowen upgraded shares of Blackstone from a “hold” rating to a “buy” rating and increased their price target for the stock from $149.00 to $230.00 in a research note on Monday, December 9th. Finally, StockNews.com cut shares of Blackstone from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Blackstone presently has an average rating of “Hold” and an average price target of $172.38.

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.