JFG Wealth Management LLC Has $389,000 Position in Blackstone Inc. (NYSE:BX)

JFG Wealth Management LLC lowered its position in shares of Blackstone Inc. (NYSE:BX) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,256 shares of the asset manager’s stock after selling 100 shares during the quarter. JFG Wealth Management LLC’s holdings in Blackstone were worth $389,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Bangor Savings Bank raised its holdings 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 buying an additional 105 shares during the period. Hager Investment Management Services LLC acquired a new stake in shares of Blackstone during the fourth quarter worth $28,000. Centricity Wealth Management LLC bought a new stake in Blackstone in the 4th quarter valued at $30,000. Berbice Capital Management LLC bought a new position in Blackstone during the 4th quarter worth about $34,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of Blackstone in the fourth quarter valued at about $34,000. Institutional investors own 70.00% of the company’s stock.

Blackstone Stock Up 0.1 %

Shares of BX opened at $157.22 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61. Blackstone Inc. has a 12 month low of $115.82 and a 12 month high of $200.96. The stock has a market capitalization of $113.51 billion, a PE ratio of 43.31, a P/E/G ratio of 1.07 and a beta of 1.53. The firm’s 50 day moving average is $172.44 and its 200-day moving average is $166.12.

Blackstone (NYSE:BX) last released its earnings results on Thursday, January 30th. The asset manager reported $1.69 EPS for the quarter, beating the consensus estimate of $1.50 by $0.19. Blackstone had a net margin of 20.99% and a return on equity of 19.58%. Equities research analysts forecast that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were paid a $1.44 dividend. This is a positive change from Blackstone’s previous quarterly dividend of $0.86. The ex-dividend date was Monday, February 10th. This represents a $5.76 annualized dividend and a dividend yield of 3.66%. Blackstone’s dividend payout ratio (DPR) is presently 158.68%.

Insider Buying and Selling

In related news, Director Ruth Porat bought 301 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $164.85 per share, for a total transaction of $49,619.85. Following the completion of the transaction, the director now directly owns 36,829 shares of the company’s stock, valued at approximately $6,071,260.65. This represents a 0.82 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BX shares. Barclays reissued an “equal weight” rating on shares of Blackstone in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their target price on shares of Blackstone from $149.00 to $154.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Citigroup reiterated a “hold” rating on shares of Blackstone in a research note on Friday, February 7th. UBS Group raised their price objective on Blackstone from $170.00 to $180.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $172.38.

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.