Osprey Private Wealth LLC Has $2.39 Million Stock Position in Blackstone Inc. $BX

Osprey Private Wealth LLC raised its holdings in Blackstone Inc. (NYSE:BX) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 15,400 shares of the asset manager’s stock after acquiring an additional 475 shares during the quarter. Blackstone makes up about 1.3% of Osprey Private Wealth LLC’s portfolio, making the stock its 29th largest holding. Osprey Private Wealth LLC’s holdings in Blackstone were worth $2,389,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Blackstone by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 67,997,581 shares of the asset manager’s stock valued at $9,504,702,000 after acquiring an additional 1,102,949 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Blackstone by 16.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,292,320 shares of the asset manager’s stock valued at $739,761,000 after purchasing an additional 742,829 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Blackstone by 4.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,291,546 shares of the asset manager’s stock valued at $599,872,000 after purchasing an additional 182,526 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Blackstone by 2.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,162,867 shares of the asset manager’s stock valued at $581,886,000 after purchasing an additional 117,724 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Blackstone by 19.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,109,020 shares of the asset manager’s stock valued at $708,477,000 after purchasing an additional 678,111 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Blackstone Stock Performance

Shares of BX stock opened at $181.44 on Friday. The firm has a 50-day moving average of $170.04 and a 200-day moving average of $150.53. The company has a market cap of $133.74 billion, a P/E ratio of 48.77, a P/E/G ratio of 1.49 and a beta of 1.77. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.74 and a quick ratio of 0.74. Blackstone Inc. has a one year low of $115.66 and a one year high of $200.96.

Blackstone (NYSE:BX) last posted its quarterly earnings data on Thursday, July 24th. The asset manager reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11. Blackstone had a net margin of 20.83% and a return on equity of 20.47%. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter last year, the company posted $0.98 earnings per share. The firm’s quarterly revenue was up 32.7% compared to the same quarter last year. Equities research analysts forecast that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Monday, August 4th were given a dividend of $1.03 per share. This is a boost from Blackstone’s previous quarterly dividend of $0.93. This represents a $4.12 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Monday, August 4th. Blackstone’s dividend payout ratio (DPR) is 110.75%.

Insider Activity

In other Blackstone news, major shareholder Holdings I. L.P. Blackstone bought 1,189,532 shares of the business’s stock in a transaction on Friday, July 18th. The stock was purchased at an average price of $25.22 per share, for a total transaction of $29,999,997.04. Following the completion of the transaction, the insider directly owned 4,178,771 shares of the company’s stock, valued at $105,388,604.62. This trade represents a 39.79% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Bx Buzz Ml-1 Gp Llc sold 16,689,884 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $6.26, for a total transaction of $104,478,673.84. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 1,189,806 shares of company stock valued at $30,046,627 and have sold 16,871,634 shares valued at $135,328,376. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BX shares. Dbs Bank raised shares of Blackstone to a “moderate buy” rating in a research note on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Blackstone from $170.00 to $192.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Citigroup reissued a “market perform” rating on shares of Blackstone in a research note on Saturday, July 19th. The Goldman Sachs Group reissued a “neutral” rating on shares of Blackstone in a research note on Friday, July 25th. Finally, Barclays increased their target price on shares of Blackstone from $168.00 to $181.00 and gave the stock an “equal weight” rating in a research note on Friday, July 25th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $172.38.

Blackstone Company 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.