Blackstone Inc. (NYSE:BX) Shares Purchased by Atlas Brown Inc.

Atlas Brown Inc. raised its stake in shares of Blackstone Inc. (NYSE:BX) by 8.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,526 shares of the asset manager’s stock after purchasing an additional 115 shares during the quarter. Atlas Brown Inc.’s holdings in Blackstone were worth $263,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bangor Savings Bank grew its stake in Blackstone by 187.5% during the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 105 shares during the last quarter. West Financial Advisors LLC acquired a new position in Blackstone in the 3rd quarter worth approximately $27,000. Raleigh Capital Management Inc. lifted its stake in Blackstone by 32.1% during the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 62 shares during the period. Hazlett Burt & Watson Inc. increased its stake in shares of Blackstone by 57.7% in the third quarter. Hazlett Burt & Watson Inc. now owns 276 shares of the asset manager’s stock worth $43,000 after acquiring an additional 101 shares during the period. Finally, ORG Partners LLC lifted its position in Blackstone by 232.1% during the fourth quarter. ORG Partners LLC now owns 279 shares of the asset manager’s stock valued at $48,000 after purchasing an additional 195 shares during the period. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a report on Monday, November 11th. Citigroup raised their price objective on shares of Blackstone from $157.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods increased their price target on shares of Blackstone from $169.00 to $175.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Wells Fargo & Company lowered shares of Blackstone from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $188.00 to $195.00 in a research note on Thursday, December 12th. Finally, BMO Capital Markets upped their price target on Blackstone from $134.00 to $157.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $171.00.

Insiders Place Their Bets

In related news, insider John G. Finley sold 42,249 shares of the business’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 sale, the insider now owns 387,137 shares in the company, valued at approximately $68,112,883.78. The trade was a 9.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

Blackstone Trading Down 5.0 %

NYSE BX traded down $8.64 on Friday, reaching $165.33. 3,811,732 shares of the company were exchanged, compared to its average volume of 2,412,955. Blackstone Inc. has a fifty-two week low of $114.88 and a fifty-two week high of $200.96. The stock has a market capitalization of $119.37 billion, a P/E ratio of 56.81, a price-to-earnings-growth ratio of 1.63 and a beta of 1.53. The business’s fifty day moving average price is $180.80 and its 200 day moving average price is $156.25. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58.

Blackstone (NYSE:BX) last issued 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. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.37 billion. Blackstone had a net margin of 19.46% and a return on equity of 17.53%. Analysts forecast that Blackstone Inc. will post 4.43 earnings per share for the current year.

Blackstone Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Monday, October 28th were issued a $0.86 dividend. This is a positive change from Blackstone’s previous quarterly dividend of $0.82. This represents a $3.44 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Monday, October 28th. Blackstone’s payout ratio is 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.