Stephens Inc. AR Has $45.19 Million Holdings in Blackstone Inc. $BX

Stephens Inc. AR raised its stake in Blackstone Inc. (NYSE:BX) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 302,121 shares of the asset manager’s stock after acquiring an additional 10,310 shares during the quarter. Blackstone comprises approximately 0.6% of Stephens Inc. AR’s investment portfolio, making the stock its 27th biggest holding. Stephens Inc. AR’s holdings in Blackstone were worth $45,191,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Arcus Capital Partners LLC grew its position in shares of Blackstone by 1.2% during the 2nd quarter. Arcus Capital Partners LLC now owns 4,937 shares of the asset manager’s stock worth $739,000 after buying an additional 58 shares during the period. Mattern Wealth Management LLC grew its position in shares of Blackstone by 2.8% during the 2nd quarter. Mattern Wealth Management LLC now owns 2,213 shares of the asset manager’s stock worth $331,000 after buying an additional 60 shares during the period. Sage Rhino Capital LLC grew its position in shares of Blackstone by 0.8% during the 2nd quarter. Sage Rhino Capital LLC now owns 8,036 shares of the asset manager’s stock worth $1,202,000 after buying an additional 63 shares during the period. Jeppson Wealth Management LLC grew its position in shares of Blackstone by 1.0% during the 2nd quarter. Jeppson Wealth Management LLC now owns 6,549 shares of the asset manager’s stock worth $980,000 after buying an additional 66 shares during the period. Finally, McAdam LLC grew its position in shares of Blackstone by 4.4% during the 1st quarter. McAdam LLC now owns 1,762 shares of the asset manager’s stock worth $246,000 after buying an additional 75 shares during the period. Institutional investors and hedge funds own 70.00% of the company’s stock.

Blackstone Stock Performance

Shares of BX opened at $156.37 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.74 and a current ratio of 0.74. Blackstone Inc. has a twelve month low of $115.66 and a twelve month high of $200.96. The firm’s 50 day moving average price is $171.66 and its two-hundred day moving average price is $154.98. The firm has a market cap of $115.26 billion, a P/E ratio of 42.03, a PEG ratio of 1.27 and a beta of 1.77.

Blackstone (NYSE:BX) last announced its quarterly earnings data on Friday, November 22nd. The asset manager reported $0.97 EPS for the quarter. Blackstone had a net margin of 20.83% and a return on equity of 20.47%. The business had revenue of $2.49 billion for the quarter. On average, analysts forecast that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Monday, August 4th were issued a dividend of $1.03 per share. The ex-dividend date was Monday, August 4th. This is a positive change from Blackstone’s previous quarterly dividend of $0.93. This represents a $4.12 annualized dividend and a yield of 2.6%. Blackstone’s dividend payout ratio is currently 110.75%.

Insider Buying and Selling at Blackstone

In related news, major shareholder Bx Buzz Ml-1 Gp Llc sold 16,689,884 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $6.26, for a total transaction of $104,478,673.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vikrant Sawhney sold 50,850 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $173.64, for a total transaction of $8,829,594.00. Following the transaction, the insider owned 737,248 shares of the company’s stock, valued at $128,015,742.72. The trade was a 6.45% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have acquired 2,538,345 shares of company stock valued at $65,046,628 and have sold 16,984,634 shares valued at $155,181,346. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

BX has been the subject of a number of analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of Blackstone from $180.00 to $171.00 and set a “market perform” rating for the company in a report on Monday, October 13th. Piper Sandler decreased their price objective on shares of Blackstone from $181.00 to $173.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. TD Cowen decreased their price objective on shares of Blackstone from $215.00 to $208.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Citigroup decreased their price objective on shares of Blackstone from $185.00 to $170.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Finally, BMO Capital Markets assumed coverage on shares of Blackstone in a report on Friday, October 3rd. They set an “outperform” rating and a $190.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $180.26.

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.