Blackstone (NYSE:BX) Major Shareholder Holdings Iv Gp Mana Blackstone Acquires 384,468 Shares

Blackstone Inc. (NYSE:BX) major shareholder Holdings Iv Gp Mana Blackstone purchased 384,468 shares of the business’s stock in a transaction on Friday, December 19th. The shares were acquired at an average price of $26.01 per share, for a total transaction of $10,000,012.68. Following the completion of the acquisition, the insider directly owned 16,525,117 shares in the company, valued at approximately $429,818,293.17. This represents a 2.38% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Holdings Iv Gp Mana Blackstone also recently made the following trade(s):

• On Friday, November 21st, Holdings Iv Gp Mana Blackstone bought 385,208 shares of Blackstone stock. The shares were bought at an average cost of $25.96 per share, for a total transaction of $9,999,999.68.
• On Tuesday, October 21st, Holdings Iv Gp Mana Blackstone purchased 9,313,155 shares of Blackstone stock. The stock was bought at an average cost of $25.77 per share, with a total value of $240,000,004.35.

Blackstone Stock Up 2.8%

Shares of BX stock traded up $4.21 on Monday, reaching $155.80. 3,627,563 shares of the company were exchanged, compared to its average volume of 4,182,077. Blackstone Inc. has a one year low of $115.66 and a one year high of $190.09. The company has a market cap of $115.05 billion, a price-to-earnings ratio of 44.52, a PEG ratio of 1.21 and a beta of 1.76. The company has a 50-day moving average of $149.46 and a 200-day moving average of $159.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.75.

Blackstone (NYSE:BX) last announced its quarterly earnings results on Friday, November 22nd. The asset manager reported $0.97 earnings per share (EPS) for the quarter. The business had revenue of $2.49 billion for the quarter. Blackstone had a return on equity of 22.30% and a net margin of 20.56%. Analysts anticipate that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Monday, November 3rd were paid a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a dividend yield of 3.3%. This is a positive change from Blackstone’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, November 3rd. Blackstone’s payout ratio is 147.43%.

Institutional Investors Weigh In On Blackstone

Hedge funds have recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC boosted its holdings in Blackstone by 519,669.1% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 70,132,441 shares of the asset manager’s stock valued at $10,490,411,000 after purchasing an additional 70,118,948 shares during the period. Norges Bank bought a new stake in shares of Blackstone during the 2nd quarter valued at about $1,071,348,000. Vanguard Group Inc. lifted its position in Blackstone by 2.2% during the second quarter. Vanguard Group Inc. now owns 69,492,377 shares of the asset manager’s stock valued at $10,394,670,000 after purchasing an additional 1,494,796 shares during the last quarter. Close Asset Management Ltd lifted its holdings in shares of Blackstone by 16,035.1% during the 3rd quarter. Close Asset Management Ltd now owns 1,140,264 shares of the asset manager’s stock worth $194,746,000 after acquiring an additional 1,133,197 shares during the last quarter. Finally, Amundi increased its stake in Blackstone by 69.3% in the first quarter. Amundi now owns 2,421,502 shares of the asset manager’s stock valued at $323,000,000 after acquiring an additional 990,947 shares during the last quarter. Institutional investors own 70.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on BX shares. Barclays raised their price target on shares of Blackstone from $165.00 to $172.00 and gave the company an “equal weight” rating in a research report on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Blackstone in a report on Wednesday, October 8th. Jefferies Financial Group dropped their price objective on Blackstone from $199.00 to $187.00 in a research note on Monday, November 10th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Blackstone from $164.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Finally, UBS Group assumed coverage on shares of Blackstone in a report on Thursday, December 11th. They set a “neutral” rating and a $175.00 price target on the stock. Ten investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Blackstone currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.95.

About Blackstone

Blackstone Inc (NYSE: BX) is a global investment firm focused on alternative asset management. Founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson and headquartered in New York City, the firm organizes and manages investment vehicles that acquire and operate businesses, real estate and credit investments, as well as provide hedge fund solutions and other alternative strategies for institutional and individual investors.

Blackstone’s business is organized around several principal investment platforms.