Integral Investment Advisors Inc. Increases Holdings in Blackstone Inc. $BX

Integral Investment Advisors Inc. boosted its position in shares of Blackstone Inc. (NYSE:BX) by 61.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,997 shares of the asset manager’s stock after purchasing an additional 1,145 shares during the quarter. Integral Investment Advisors Inc.’s holdings in Blackstone were worth $448,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. 1248 Management LLC bought a new position in Blackstone during the 1st quarter worth about $25,000. Family CFO Inc bought a new position in shares of Blackstone during the second quarter valued at approximately $28,000. Wealth Preservation Advisors LLC bought a new position in Blackstone in the first quarter worth approximately $28,000. Anderson Financial Strategies LLC purchased a new stake in Blackstone during the first quarter worth $28,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Blackstone in the 2nd quarter valued at $30,000. Institutional investors own 70.00% of the company’s stock.

Blackstone Price Performance

NYSE BX opened at $153.70 on Tuesday. The company has a market cap of $113.29 billion, a price-to-earnings ratio of 43.91, a PEG ratio of 1.24 and a beta of 1.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.74. The stock’s fifty day moving average price is $169.89 and its 200 day moving average price is $156.26. Blackstone Inc. has a 1 year low of $115.66 and a 1 year high of $200.96.

Blackstone (NYSE:BX) last posted its quarterly earnings results on Friday, November 22nd. The asset manager reported $0.97 earnings per share for the quarter. Blackstone had a return on equity of 22.30% and a net margin of 20.56%.The business had revenue of $2.49 billion for the quarter. As a group, equities research analysts forecast that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Monday, November 3rd will be issued a $1.29 dividend. This is an increase from Blackstone’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $5.16 annualized dividend and a dividend yield of 3.4%. Blackstone’s payout ratio is currently 147.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BX shares. Citigroup dropped their price objective on Blackstone from $185.00 to $170.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. TD Cowen cut their price objective on shares of Blackstone from $208.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday. BNP Paribas Exane lowered their target price on shares of Blackstone from $178.00 to $167.00 and set a “neutral” rating for the company in a research note on Friday. HSBC increased their price objective on Blackstone from $170.00 to $179.00 in a report on Wednesday, October 15th. Finally, Evercore ISI reduced their target price on Blackstone from $197.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $180.26.

Insider Transactions at Blackstone

In other news, insider John G. Finley sold 21,500 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $171.46, for a total value of $3,686,390.00. Following the completion of the transaction, the insider owned 453,836 shares of the company’s stock, valued at $77,814,720.56. The trade was a 4.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Joseph Baratta sold 113,000 shares of Blackstone stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $175.69, for a total value of $19,852,970.00. Following the transaction, the director owned 695,757 shares of the company’s stock, valued at approximately $122,237,547.33. This represents a 13.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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. 1.00% of the stock is owned by insiders.

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.