Blackstone Inc. $BX Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its position in Blackstone Inc. (NYSE:BX) by 4.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 204,357 shares of the asset manager’s stock after acquiring an additional 9,297 shares during the period. TD Waterhouse Canada Inc.’s holdings in Blackstone were worth $31,203,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. FineMark National Bank & Trust raised its holdings in shares of Blackstone by 14.5% during the second quarter. FineMark National Bank & Trust now owns 71,747 shares of the asset manager’s stock valued at $10,732,000 after buying an additional 9,108 shares during the last quarter. Traub Capital Management LLC bought a new stake in Blackstone during the 2nd quarter valued at $27,000. Wealthspire Advisors LLC boosted its position in Blackstone by 1.3% during the 2nd quarter. Wealthspire Advisors LLC now owns 26,080 shares of the asset manager’s stock worth $3,901,000 after acquiring an additional 331 shares during the period. Perennial Investment Advisors LLC increased its holdings in shares of Blackstone by 5.0% during the second quarter. Perennial Investment Advisors LLC now owns 4,011 shares of the asset manager’s stock valued at $600,000 after purchasing an additional 192 shares during the period. Finally, Senvest Management LLC acquired a new stake in Blackstone in the second quarter worth about $13,821,000. Institutional investors own 70.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BX. HSBC reduced their price target on shares of Blackstone from $179.00 to $178.00 in a research note on Monday, October 27th. Evercore ISI lowered their price target on Blackstone from $197.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. Dbs Bank raised Blackstone to a “moderate buy” rating in a research note on Tuesday, August 12th. BMO Capital Markets cut their price target on shares of Blackstone from $190.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, October 27th. Finally, Barclays dropped their target price on shares of Blackstone from $171.00 to $165.00 and set an “equal weight” rating on the stock in a report on Friday, October 24th. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.00.

Insider Activity

In other Blackstone news, Director Ruth Porat bought 324 shares of the stock in a transaction on Monday, November 10th. The shares were bought at an average price of $146.92 per share, with a total value of $47,602.08. Following the purchase, the director directly owned 39,077 shares in the company, valued at $5,741,192.84. The trade was a 0.84% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John G. Finley sold 21,500 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $171.46, for a total transaction of $3,686,390.00. Following the completion of the sale, the insider directly owned 453,836 shares of the company’s stock, valued at $77,814,720.56. This trade represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders acquired 2,565,543 shares of company stock worth $69,050,139. Corporate insiders own 1.00% of the company’s stock.

Blackstone Price Performance

NYSE BX opened at $136.54 on Wednesday. The stock’s 50-day moving average price is $161.70 and its two-hundred day moving average price is $157.98. The company has a market cap of $100.82 billion, a PE ratio of 39.01, a PEG ratio of 1.18 and a beta of 1.76. The company has a current ratio of 0.75, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60. Blackstone Inc. has a 1 year low of $115.66 and a 1 year high of $200.96.

Blackstone (NYSE:BX) last issued its quarterly earnings results on Friday, November 22nd. The asset manager reported $0.97 EPS for the quarter. Blackstone had a net margin of 20.56% and a return on equity of 22.30%. The business had revenue of $2.49 billion during the quarter. On average, analysts predict 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 Monday, November 10th. Investors of record on Monday, November 3rd were given a dividend of $1.29 per share. The ex-dividend date of this dividend was Monday, November 3rd. This is a positive change from Blackstone’s previous quarterly dividend of $1.03. This represents a $5.16 annualized dividend and a yield of 3.8%. Blackstone’s payout ratio is presently 147.43%.

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.