1,352 Shares in Blackstone Inc. $BX Purchased by SPC Financial Inc.

SPC Financial Inc. bought a new position in shares of Blackstone Inc. (NYSE:BX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,352 shares of the asset manager’s stock, valued at approximately $202,000.

Other hedge funds also recently bought and sold shares of the company. 1248 Management LLC purchased a new position in Blackstone during the first quarter worth about $25,000. Family CFO Inc purchased a new position in Blackstone during the second quarter worth about $28,000. Wealth Preservation Advisors LLC purchased a new position in Blackstone during the first quarter worth about $28,000. Anderson Financial Strategies LLC purchased a new position in Blackstone during the first quarter worth about $28,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Blackstone in the second quarter valued at approximately $30,000. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Insider Activity at Blackstone

In other Blackstone news, Director Joseph Baratta sold 113,000 shares of the business’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $175.69, for a total transaction of $19,852,970.00. Following the sale, the director directly owned 695,757 shares in the company, valued at approximately $122,237,547.33. The trade was a 13.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John G. Finley sold 21,500 shares of the business’s stock in a transaction dated 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 owned 453,836 shares in the company, valued at $77,814,720.56. This represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders bought 3,727,877 shares of company stock worth $95,046,625 and sold 16,984,634 shares worth $155,181,346. Company insiders own 1.00% of the company’s stock.

Blackstone Price Performance

Shares of NYSE BX opened at $153.88 on Monday. The firm has a market capitalization of $113.42 billion, a P/E ratio of 41.37, a PEG ratio of 1.25 and a beta of 1.77. Blackstone Inc. has a one year low of $115.66 and a one year high of $200.96. The company’s fifty day moving average is $172.53 and its two-hundred day moving average is $154.28. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.74 and a current ratio of 0.74.

Blackstone (NYSE:BX) last issued its earnings results on Friday, November 22nd. The asset manager reported $0.97 EPS for the quarter. The company had revenue of $2.49 billion for the quarter. Blackstone had a net margin of 20.83% and a return on equity of 20.47%. Analysts forecast that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Increases Dividend

The business 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 represents a $4.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Monday, August 4th. This is an increase from Blackstone’s previous quarterly dividend of $0.93. Blackstone’s payout ratio is presently 110.75%.

Analysts Set New Price Targets

Several research firms have recently commented on BX. BNP Paribas Exane raised their price objective on shares of Blackstone from $166.00 to $178.00 and gave the company a “neutral” rating in a research note on Monday, September 29th. BMO Capital Markets began coverage on shares of Blackstone in a research note on Friday, October 3rd. They issued an “outperform” rating and a $190.00 price objective for the company. The Goldman Sachs Group raised their price objective on shares of Blackstone from $172.00 to $173.00 and gave the company a “neutral” rating in a research note on Friday, October 3rd. Dbs Bank raised shares of Blackstone to a “moderate buy” rating in a report on Tuesday, August 12th. Finally, Evercore ISI raised their target price on shares of Blackstone from $165.00 to $197.00 and gave the company an “outperform” rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Blackstone presently has a consensus rating of “Moderate Buy” and an average price target of $179.00.

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.