Blackstone Inc. (NYSE:BX) Stock Holdings Decreased by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC trimmed its position in shares of Blackstone Inc. (NYSE:BX) by 4.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,352 shares of the asset manager’s stock after selling 65 shares during the period. Canvas Wealth Advisors LLC’s holdings in Blackstone were worth $233,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of BX. Brookstone Capital Management raised its stake in shares of Blackstone by 4.2% during the 3rd quarter. Brookstone Capital Management now owns 5,994 shares of the asset manager’s stock worth $918,000 after purchasing an additional 244 shares in the last quarter. CWM LLC increased its stake in shares of Blackstone by 5.2% during the 3rd quarter. CWM LLC now owns 40,876 shares of the asset manager’s stock worth $6,259,000 after purchasing an additional 2,031 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Blackstone by 317.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,362 shares of the asset manager’s stock valued at $821,000 after purchasing an additional 4,076 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in Blackstone by 13.7% during the third quarter. Valeo Financial Advisors LLC now owns 14,021 shares of the asset manager’s stock valued at $2,147,000 after buying an additional 1,693 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its stake in shares of Blackstone by 10.5% during the 3rd quarter. Ritholtz Wealth Management now owns 10,239 shares of the asset manager’s stock worth $1,568,000 after acquiring an additional 969 shares in the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

Blackstone Stock Down 2.5 %

NYSE BX opened at $170.11 on Monday. 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 firm has a market cap of $122.82 billion, a PE ratio of 46.86, a price-to-earnings-growth ratio of 1.13 and a beta of 1.53. The stock’s 50 day simple moving average is $178.36 and its 200 day simple moving average is $163.62. Blackstone Inc. has a one year low of $115.82 and a one year high of $200.96.

Blackstone (NYSE:BX) last issued its quarterly earnings data on Thursday, January 30th. The asset manager reported $1.69 EPS for the quarter, topping analysts’ consensus estimates 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, sell-side analysts forecast that Blackstone Inc. will post 5.88 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 10th will be issued a $1.44 dividend. This is a boost from Blackstone’s previous quarterly dividend of $0.86. The ex-dividend date is Monday, February 10th. This represents a $5.76 annualized dividend and a yield of 3.39%. Blackstone’s dividend payout ratio (DPR) is currently 94.77%.

Wall Street Analyst Weigh In

BX has been the topic of several analyst reports. Cowen reiterated a “hold” rating on shares of Blackstone in a report on Friday, October 18th. Wells Fargo & Company cut their target price on shares of Blackstone from $195.00 to $180.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. UBS Group lifted their price objective on Blackstone from $170.00 to $180.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. StockNews.com downgraded Blackstone from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Blackstone from $149.00 to $154.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.