Whittier Trust Co. of Nevada Inc. Has $22.06 Million Holdings in Blackstone Inc. (NYSE:BX)

Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Blackstone Inc. (NYSE:BX) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,926 shares of the asset manager’s stock after purchasing an additional 6,333 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Blackstone were worth $22,057,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Caprock Group LLC raised its position in shares of Blackstone by 58.1% in the 3rd quarter. Caprock Group LLC now owns 6,734 shares of the asset manager’s stock valued at $1,031,000 after acquiring an additional 2,474 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Blackstone in the 3rd quarter valued at approximately $66,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Blackstone in the 3rd quarter valued at approximately $4,083,000. Commerce Bank raised its position in shares of Blackstone by 170.1% in the 3rd quarter. Commerce Bank now owns 81,260 shares of the asset manager’s stock valued at $12,443,000 after acquiring an additional 51,170 shares during the period. Finally, First Horizon Advisors Inc. raised its position in shares of Blackstone by 8.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,676 shares of the asset manager’s stock valued at $563,000 after acquiring an additional 295 shares during the period. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Blackstone

In other news, Director Ruth Porat bought 301 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $164.85 per share, with a total value of $49,619.85. Following the completion of the acquisition, the director now owns 36,829 shares of the company’s stock, valued at $6,071,260.65. This represents a 0.82 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Blackstone Price Performance

NYSE:BX opened at $148.72 on Friday. Blackstone Inc. has a 1-year low of $115.82 and a 1-year high of $200.96. The company has a current ratio of 0.67, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61. The firm has a fifty day simple moving average of $163.86 and a 200 day simple moving average of $167.04. The stock has a market capitalization of $108.48 billion, a PE ratio of 40.97, a P/E/G ratio of 1.07 and a beta of 1.55.

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

Blackstone Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were issued a dividend of $1.44 per share. This is an increase from Blackstone’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Monday, February 10th. This represents a $5.76 annualized dividend and a yield of 3.87%. Blackstone’s dividend payout ratio (DPR) is currently 158.68%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. StockNews.com downgraded shares of Blackstone from a “buy” rating to a “hold” rating in a report on Friday, January 31st. JPMorgan Chase & Co. raised their target price on shares of Blackstone from $149.00 to $154.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. UBS Group upgraded shares of Blackstone from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a report on Monday. Citigroup restated a “hold” rating on shares of Blackstone in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Blackstone from $174.00 to $177.00 and gave the stock a “market perform” rating in a research note on Friday, January 31st. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $171.13.

Blackstone 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.