Blackstone Inc. (NYSE:BX) Shares Purchased by Keybank National Association OH

Keybank National Association OH lifted its holdings in Blackstone Inc. (NYSE:BX) by 4.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,744 shares of the asset manager’s stock after buying an additional 621 shares during the quarter. Keybank National Association OH’s holdings in Blackstone were worth $2,542,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC grew its position in Blackstone by 2,057.7% in the 4th quarter. Proficio Capital Partners LLC now owns 844,755 shares of the asset manager’s stock worth $145,653,000 after purchasing an additional 805,604 shares during the last quarter. Jennison Associates LLC increased its position in Blackstone by 111.1% in the 4th quarter. Jennison Associates LLC now owns 973,348 shares of the asset manager’s stock valued at $167,825,000 after acquiring an additional 512,165 shares during the period. Castleark Management LLC acquired a new position in Blackstone during the 3rd quarter worth $67,472,000. State Street Corp increased its holdings in shares of Blackstone by 1.2% during the third quarter. State Street Corp now owns 30,020,426 shares of the asset manager’s stock valued at $4,597,028,000 after purchasing an additional 348,751 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Blackstone by 2.3% during the third quarter. Geode Capital Management LLC now owns 14,896,413 shares of the asset manager’s stock valued at $2,272,227,000 after purchasing an additional 336,308 shares in the last quarter. Institutional investors own 70.00% of the company’s stock.

Blackstone Stock Performance

BX stock opened at $145.72 on Friday. The stock has a market cap of $105.21 billion, a P/E ratio of 40.14, a P/E/G ratio of 1.07 and a beta of 1.55. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.67. The firm has a 50 day simple moving average of $169.90 and a 200 day simple moving average of $166.69. Blackstone Inc. has a 52 week low of $115.82 and a 52 week high of $200.96.

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

Blackstone Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were paid a $1.44 dividend. This is a boost from Blackstone’s previous quarterly dividend of $0.86. The ex-dividend date was Monday, February 10th. This represents a $5.76 annualized dividend and a dividend yield of 3.95%. Blackstone’s payout ratio is presently 158.68%.

Insider Activity at Blackstone

In related news, Director Ruth Porat bought 301 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of $164.85 per share, for a total transaction of $49,619.85. Following the completion of the acquisition, the director now directly owns 36,829 shares in the company, valued at approximately $6,071,260.65. This represents a 0.82 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on BX. UBS Group reissued a “neutral” rating on shares of Blackstone in a research note on Monday. StockNews.com downgraded Blackstone from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Barclays reissued an “equal weight” rating on shares of Blackstone in a research note on Friday, February 7th. BMO Capital Markets boosted their target price on shares of Blackstone from $134.00 to $157.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods raised their price objective on Blackstone from $174.00 to $177.00 and gave the stock a “market perform” rating in a research note on Friday, January 31st. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $172.38.

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.