1,219 Shares in Blackstone Inc. (NYSE:BX) Purchased by One Wealth Capital Management LLC

One Wealth Capital Management LLC acquired a new position in Blackstone Inc. (NYSE:BX) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,219 shares of the asset manager’s stock, valued at approximately $210,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Norway Savings Bank grew its position in Blackstone by 3.9% during the fourth quarter. Norway Savings Bank now owns 13,600 shares of the asset manager’s stock worth $2,345,000 after buying an additional 506 shares in the last quarter. Regent Peak Wealth Advisors LLC raised its position in Blackstone by 5.6% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,861 shares of the asset manager’s stock worth $321,000 after purchasing an additional 99 shares during the period. Diversified Trust Co boosted its position in Blackstone by 8.3% during the fourth quarter. Diversified Trust Co now owns 9,534 shares of the asset manager’s stock valued at $1,644,000 after buying an additional 730 shares during the period. Bangor Savings Bank increased its holdings in shares of Blackstone by 187.5% in the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock worth $28,000 after buying an additional 105 shares during the period. Finally, Fortem Financial Group LLC boosted its holdings in Blackstone by 2.4% during the 4th quarter. Fortem Financial Group LLC now owns 11,049 shares of the asset manager’s stock valued at $1,905,000 after acquiring an additional 264 shares during the period. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Analyst Ratings Changes

BX has been the subject of several analyst reports. Citigroup increased their price target on shares of Blackstone from $157.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Blackstone from $172.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. lifted their price target on Blackstone from $125.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Evercore ISI upped their price target on Blackstone from $148.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, UBS Group lifted their price objective on Blackstone from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Fourteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $171.00.

Insider Transactions at Blackstone

In other Blackstone news, insider John G. Finley sold 42,249 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $175.94, for a total value of $7,433,289.06. Following the transaction, the insider now owns 387,137 shares of the company’s stock, valued at $68,112,883.78. This represents a 9.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

Blackstone Price Performance

Shares of Blackstone stock traded down $4.03 during trading on Tuesday, reaching $170.76. 1,958,142 shares of the stock traded hands, compared to its average volume of 1,978,975. The company has a market capitalization of $123.29 billion, a price-to-earnings ratio of 58.68, a P/E/G ratio of 1.63 and a beta of 1.53. The business has a fifty day simple moving average of $180.59 and a two-hundred day simple moving average of $155.66. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. Blackstone Inc. has a 52-week low of $114.88 and a 52-week high of $200.96.

Blackstone (NYSE:BX) last announced its earnings results on Thursday, October 17th. The asset manager reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.10. Blackstone had a return on equity of 17.53% and a net margin of 19.46%. The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Sell-side analysts expect that Blackstone Inc. will post 4.43 EPS for the current year.

Blackstone Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Monday, October 28th were paid a $0.86 dividend. The ex-dividend date was Monday, October 28th. This represents a $3.44 annualized dividend and a yield of 2.01%. This is an increase from Blackstone’s previous quarterly dividend of $0.82. Blackstone’s dividend payout ratio (DPR) is presently 118.21%.

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.