MASTERINVEST Kapitalanlage GmbH Lowers Stock Holdings in Blackstone Inc. $BX

MASTERINVEST Kapitalanlage GmbH lessened its stake in shares of Blackstone Inc. (NYSE:BX) by 59.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,781 shares of the asset manager’s stock after selling 4,075 shares during the quarter. MASTERINVEST Kapitalanlage GmbH’s holdings in Blackstone were worth $320,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Family CFO Inc acquired a new stake in shares of Blackstone in the 4th quarter worth $28,000. Ares Financial Consulting LLC acquired a new position in shares of Blackstone during the fourth quarter worth about $28,000. Richardson Financial Services Inc. acquired a new stake in Blackstone in the fourth quarter valued at about $29,000. Strive Asset Management LLC purchased a new stake in Blackstone in the 3rd quarter valued at approximately $30,000. Finally, Palladiem LLC purchased a new position in shares of Blackstone during the 4th quarter worth approximately $31,000. 70.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Royal Bank Of Canada decreased their price target on Blackstone from $173.00 to $161.00 and set an “outperform” rating on the stock in a research note on Monday. Piper Sandler raised their target price on Blackstone from $122.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Barclays decreased their target price on shares of Blackstone from $124.00 to $119.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 9th. BNP Paribas Exane cut their price target on shares of Blackstone from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Finally, Argus decreased their price objective on shares of Blackstone from $163.00 to $146.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Blackstone has an average rating of “Moderate Buy” and a consensus price target of $146.52.

Insider Activity

In related news, major shareholder Bx Buzz Ml-1 Gp Llc sold 7,477,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $3.78, for a total value of $28,264,950.00. Following the sale, the insider owned 19,374 shares of the company’s stock, valued at approximately $73,233.72. This represents a 99.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Treasury Holdings I. Blackstone bought 9,486,795 shares of the stock in a transaction on Friday, May 15th. The shares were bought at an average price of $20.00 per share, for a total transaction of $189,735,900.00. Following the acquisition, the insider owned 9,111,800 shares in the company, valued at $182,236,000. The trade was a -2,529.85% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 10,252,345 shares of company stock worth $209,789,893. 1.00% of the stock is owned by corporate insiders.

Blackstone Stock Up 2.0%

Blackstone stock opened at $127.03 on Thursday. Blackstone Inc. has a fifty-two week low of $101.73 and a fifty-two week high of $190.09. The firm has a market capitalization of $94.37 billion, a price-to-earnings ratio of 32.49, a price-to-earnings-growth ratio of 1.34 and a beta of 1.58. The stock’s fifty day moving average is $119.73 and its two-hundred day moving average is $126.08. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.76 and a current ratio of 0.76.

Blackstone (NYSE:BX) last released its quarterly earnings data on Thursday, April 23rd. The asset manager reported $1.36 EPS for the quarter, topping the consensus estimate of $1.34 by $0.02. Blackstone had a net margin of 20.67% and a return on equity of 22.86%. The business had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same period in the previous year, the firm earned $1.11 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. Analysts predict that Blackstone Inc. will post 5.89 EPS for the current fiscal year.

Blackstone Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were given a $1.16 dividend. The ex-dividend date was Monday, May 4th. This represents a $4.64 annualized dividend and a dividend yield of 3.7%. Blackstone’s dividend payout ratio is currently 118.67%.

Blackstone Profile

Blackstone Inc (NYSE: BX) is a global investment firm focused on alternative asset management. Founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson and headquartered in New York City, the firm organizes and manages investment vehicles that acquire and operate businesses, real estate and credit investments, as well as provide hedge fund solutions and other alternative strategies for institutional and individual investors.

Blackstone’s business is organized around several principal investment platforms.