Schroder Investment Management Group Has $61.48 Million Stake in Blackstone Inc. (NYSE:BX)

Schroder Investment Management Group lifted its stake in shares of Blackstone Inc. (NYSE:BX) by 83.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 357,336 shares of the asset manager’s stock after purchasing an additional 162,247 shares during the quarter. Schroder Investment Management Group’s holdings in Blackstone were worth $61,480,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bangor Savings Bank increased its stake in shares of Blackstone by 187.5% in the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock valued at $28,000 after buying an additional 105 shares during the period. Hager Investment Management Services LLC acquired a new position in Blackstone in the 4th quarter valued at approximately $28,000. Centricity Wealth Management LLC acquired a new position in shares of Blackstone during the fourth quarter worth $30,000. Roxbury Financial LLC acquired a new stake in Blackstone in the fourth quarter valued at $34,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Blackstone during the 4th quarter worth about $33,000. Institutional investors own 70.00% of the company’s stock.

Blackstone Trading Up 1.3 %

BX opened at $139.89 on Tuesday. Blackstone Inc. has a fifty-two week low of $115.82 and a fifty-two week high of $200.96. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.67 and a quick ratio of 0.71. The company’s 50-day moving average is $160.06 and its 200 day moving average is $167.67. The firm has a market capitalization of $102.04 billion, a PE ratio of 38.54, a P/E/G ratio of 1.07 and a beta of 1.55.

Blackstone (NYSE:BX) last posted its earnings results on Thursday, January 30th. The asset manager reported $1.69 earnings per share (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, research analysts predict that Blackstone Inc. will post 5.87 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were issued a $1.44 dividend. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Blackstone’s previous quarterly dividend of $0.86. This represents a $5.76 annualized dividend and a dividend yield of 4.12%. Blackstone’s dividend payout ratio is currently 158.68%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BX shares. Piper Sandler increased their target price on shares of Blackstone from $168.00 to $179.00 and gave the company a “neutral” rating in a research report on Monday, December 23rd. Keefe, Bruyette & Woods lifted their target price 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. Citigroup reiterated a “hold” rating on shares of Blackstone in a report on Friday, February 7th. Wells Fargo & Company dropped their price objective on Blackstone from $180.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 20th. Finally, Barclays reiterated an “equal weight” rating on shares of Blackstone in a report on Friday, February 7th. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $171.13.

Insider Buying and Selling

In related news, Director Ruth Porat acquired 301 shares of the stock in a transaction on Tuesday, February 18th. The shares were acquired at an average price of $164.85 per share, with a total value of $49,619.85. Following the completion of the transaction, the director now owns 36,829 shares in the company, valued at approximately $6,071,260.65. The trade was a 0.82 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 1.00% of the stock is currently owned by corporate insiders.

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.