Blackstone Inc. $BX Shares Sold by Roof Eidam Maycock Peralta LLC

Roof Eidam Maycock Peralta LLC reduced its stake in shares of Blackstone Inc. (NYSE:BX) by 48.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,927 shares of the asset manager’s stock after selling 2,719 shares during the quarter. Roof Eidam Maycock Peralta LLC’s holdings in Blackstone were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC grew its position in shares of Blackstone by 519,669.1% in the second quarter. Kingstone Capital Partners Texas LLC now owns 70,132,441 shares of the asset manager’s stock valued at $10,490,411,000 after purchasing an additional 70,118,948 shares during the last quarter. Vanguard Group Inc. grew its holdings in Blackstone by 1.6% during 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 buying an additional 1,102,949 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Blackstone during the first quarter valued at $151,524,000. Amundi increased its position in Blackstone by 69.3% during the 1st quarter. Amundi now owns 2,421,502 shares of the asset manager’s stock worth $323,000,000 after purchasing an additional 990,947 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Blackstone by 16.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,292,320 shares of the asset manager’s stock worth $739,761,000 after purchasing an additional 742,829 shares in the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

Wall Street Analyst Weigh In

BX has been the subject of a number of recent research reports. Jefferies Financial Group lowered their price target on shares of Blackstone from $207.00 to $199.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Keefe, Bruyette & Woods lowered their target price on shares of Blackstone from $180.00 to $171.00 and set a “market perform” rating for the company in a research note on Monday. HSBC lifted their price objective on Blackstone from $170.00 to $179.00 in a research report on Wednesday. TD Cowen lowered their price objective on Blackstone from $215.00 to $208.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Blackstone in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.26.

Blackstone Price Performance

BX stock opened at $158.01 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.61. Blackstone Inc. has a 12-month low of $115.66 and a 12-month high of $200.96. The company has a market cap of $116.47 billion, a PE ratio of 42.48, a price-to-earnings-growth ratio of 1.33 and a beta of 1.77. The stock has a 50-day moving average price of $171.91 and a two-hundred day moving average price of $154.68.

Blackstone (NYSE:BX) last issued its earnings results on Friday, November 22nd. The asset manager reported $0.97 earnings per share (EPS) for the quarter. Blackstone had a return on equity of 20.47% and a net margin of 20.83%.The business had revenue of $2.49 billion during the quarter. As a group, research 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, August 11th. Investors of record on Monday, August 4th were given a dividend of $1.03 per share. This is a positive change from Blackstone’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, August 4th. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. Blackstone’s dividend payout ratio is currently 110.75%.

Insider Activity

In related news, major shareholder Bx Buzz Ml-1 Gp Llc sold 16,689,884 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $6.26, for a total transaction of $104,478,673.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vikrant Sawhney sold 50,850 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $173.64, for a total value of $8,829,594.00. Following the completion of the sale, the insider directly owned 737,248 shares of the company’s stock, valued at $128,015,742.72. The trade was a 6.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders bought 2,538,345 shares of company stock worth $65,046,628 and sold 16,984,634 shares worth $155,181,346. Company insiders own 1.00% of the company’s stock.

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.