Blackstone Inc. (NYSE:BX) Shares Acquired by Silvia Mccoll Wealth Management LLC

Silvia Mccoll Wealth Management LLC increased its stake in Blackstone Inc. (NYSE:BX) by 8.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,249 shares of the asset manager’s stock after purchasing an additional 240 shares during the quarter. Silvia Mccoll Wealth Management LLC’s holdings in Blackstone were worth $454,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BX. Avidian Wealth Enterprises LLC lifted its holdings in shares of Blackstone by 0.4% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 16,184 shares of the asset manager’s stock worth $2,790,000 after acquiring an additional 59 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Blackstone by 0.5% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,426 shares of the asset manager’s stock worth $1,970,000 after acquiring an additional 62 shares during the period. McAdam LLC lifted its holdings in shares of Blackstone by 3.9% during the 4th quarter. McAdam LLC now owns 1,687 shares of the asset manager’s stock worth $291,000 after acquiring an additional 63 shares during the period. CENTRAL TRUST Co lifted its holdings in shares of Blackstone by 0.6% during the 4th quarter. CENTRAL TRUST Co now owns 11,035 shares of the asset manager’s stock worth $1,903,000 after acquiring an additional 63 shares during the period. Finally, Catalina Capital Group LLC lifted its holdings in shares of Blackstone by 3.2% during the 4th quarter. Catalina Capital Group LLC now owns 2,117 shares of the asset manager’s stock worth $365,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 70.00% of the company’s stock.

Blackstone Stock Up 0.2%

Shares of NYSE:BX opened at $138.74 on Friday. Blackstone Inc. has a one year low of $115.66 and a one year high of $200.96. The company has a 50 day moving average of $136.09 and a 200-day moving average of $159.45. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.67 and a quick ratio of 0.71. The stock has a market cap of $101.23 billion, a price-to-earnings ratio of 38.22, a P/E/G ratio of 1.07 and a beta of 1.67.

Blackstone (NYSE:BX) last issued its quarterly earnings results on Thursday, April 17th. The asset manager reported $1.09 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.13). Blackstone had a return on equity of 19.58% and a net margin of 20.99%. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. On average, sell-side analysts forecast that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Monday, April 28th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Monday, April 28th. Blackstone’s dividend payout ratio is 112.05%.

Insider Transactions at Blackstone

In related news, insider John G. Finley sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $138.47, for a total transaction of $3,461,750.00. Following the completion of the transaction, the insider now owns 475,336 shares in the company, valued at approximately $65,819,775.92. The trade was a 5.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Private Credit Stra Blackstone acquired 1,660,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The shares were purchased at an average price of $15.00 per share, with a total value of $24,900,000.00. Following the acquisition, the insider now owns 1,666,667 shares of the company’s stock, valued at approximately $25,000,005. This trade represents a 24,898.76% increase in their position. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BX. Citigroup cut their price target on shares of Blackstone from $190.00 to $137.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Barclays lifted their price target on shares of Blackstone from $129.00 to $136.00 and gave the company an “equal weight” rating in a report on Monday, April 21st. Piper Sandler cut their price target on shares of Blackstone from $182.00 to $140.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Cowen reissued a “buy” rating on shares of Blackstone in a report on Monday, April 21st. Finally, Morgan Stanley cut their price target on shares of Blackstone from $222.00 to $150.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $155.65.

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.