Private Advisor Group LLC reduced its holdings in shares of Blackstone Inc. (NYSE:BX - Free Report) by 1.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 218,049 shares of the asset manager's stock after selling 3,879 shares during the period. Private Advisor Group LLC's holdings in Blackstone were worth $37,596,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of BX. Bangor Savings Bank grew its position in Blackstone by 187.5% during the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager's stock worth $28,000 after purchasing an additional 105 shares during the last quarter. Hager Investment Management Services LLC purchased a new stake in shares of Blackstone in the fourth quarter valued at about $28,000. Berbice Capital Management LLC purchased a new stake in shares of Blackstone in the fourth quarter valued at about $34,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Blackstone in the fourth quarter valued at about $34,000. Finally, Roxbury Financial LLC purchased a new stake in shares of Blackstone in the fourth quarter valued at about $34,000. 70.00% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently weighed in on BX. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Blackstone from $172.00 to $182.00 and gave the company a "buy" rating in a report on Monday, November 11th. Piper Sandler lifted their target price on shares of Blackstone from $168.00 to $179.00 and gave the company a "neutral" rating in a report on Monday, December 23rd. Citigroup raised their price objective on shares of Blackstone from $170.00 to $190.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on shares of Blackstone from $149.00 to $154.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company reduced their price objective on shares of Blackstone from $195.00 to $180.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 14th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $172.38.
Check Out Our Latest Stock Report on BX
NYSE:BX opened at $166.59 on Wednesday. The firm has a 50 day simple moving average of $175.23 and a 200-day simple moving average of $165.03. 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 $120.28 billion, a PE ratio of 45.89, a P/E/G ratio of 1.07 and a beta of 1.53. Blackstone Inc. has a 1-year low of $115.82 and a 1-year high of $200.96.
Blackstone (NYSE:BX - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The asset manager reported $1.69 earnings per share for the quarter, beating 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%. On average, equities analysts expect that Blackstone Inc. will post 5.87 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 10th were issued a $1.44 dividend. This represents a $5.76 dividend on an annualized basis and a yield of 3.46%. This is an increase from Blackstone's previous quarterly dividend of $0.86. The ex-dividend date was Monday, February 10th. Blackstone's payout ratio is presently 158.68%.
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.
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