Duncker Streett & Co. Inc. raised its stake in The Blackstone Group Inc. (NYSE:BX) by 35.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 53,027 shares of the asset manager’s stock after acquiring an additional 13,758 shares during the period. Duncker Streett & Co. Inc.’s holdings in The Blackstone Group were worth $3,952,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BX. Marshall Wace LLP bought a new position in The Blackstone Group in the 1st quarter worth about $50,000. IHT Wealth Management LLC lifted its stake in shares of The Blackstone Group by 178.4% in the 3rd quarter. IHT Wealth Management LLC now owns 11,791 shares of the asset manager’s stock worth $616,000 after acquiring an additional 7,556 shares during the period. Kathmere Capital Management LLC acquired a new stake in shares of The Blackstone Group in the 3rd quarter worth approximately $65,000. Eudaimonia Partners LLC lifted its stake in The Blackstone Group by 48.0% during the third quarter. Eudaimonia Partners LLC now owns 2,459 shares of the asset manager’s stock valued at $128,000 after purchasing an additional 798 shares during the last quarter. Finally, Brinker Capital Investments LLC acquired a new stake in The Blackstone Group during the third quarter valued at approximately $1,843,000. Hedge funds and other institutional investors own 59.77% of the company’s stock.

BX has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price target on shares of The Blackstone Group from $63.00 to $72.00 and gave the company a “market perform” rating in a report on Thursday, January 28th. Piper Sandler initiated coverage on shares of The Blackstone Group in a research note on Thursday, January 14th. They issued an “overweight” rating and a $71.00 price objective on the stock. Barclays increased their price target on shares of The Blackstone Group from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, April 19th. Argus increased their price target on shares of The Blackstone Group from $82.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Zacks Investment Research upgraded shares of The Blackstone Group from a “hold” rating to a “strong-buy” rating and set a $100.00 price target on the stock in a research note on Tuesday, April 27th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The Blackstone Group currently has a consensus rating of “Buy” and an average target price of $76.83.

In other The Blackstone Group news, major shareholder Blackstone Group Inc sold 2,370,632 shares of the stock in a transaction on Wednesday, March 24th. The shares were sold at an average price of $37.00, for a total value of $87,713,384.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John G. Finley sold 33,404 shares of the stock in a transaction on Thursday, April 29th. The shares were sold at an average price of $89.88, for a total transaction of $3,002,351.52. Following the completion of the sale, the insider now directly owns 363,489 shares of the company’s stock, valued at $32,670,391.32. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

NYSE BX opened at $88.48 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42. The company has a fifty day simple moving average of $78.34 and a 200 day simple moving average of $66.94. The company has a market cap of $60.51 billion, a P/E ratio of 82.69 and a beta of 1.33. The Blackstone Group Inc. has a 1 year low of $47.80 and a 1 year high of $90.42.

The Blackstone Group (NYSE:BX) last posted its quarterly earnings data on Wednesday, April 21st. The asset manager reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.24. During the same quarter in the prior year, the company earned $0.46 EPS. Equities research analysts forecast that The Blackstone Group Inc. will post 2.45 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 10th. Shareholders of record on Monday, May 3rd will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Friday, April 30th. The Blackstone Group’s dividend payout ratio (DPR) is presently 166.23%.

About The Blackstone Group

The Blackstone Group 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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Institutional Ownership by Quarter for The Blackstone Group (NYSE:BX)

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