3,824 Shares in Blackstone Inc. $BX Bought by Valtrion Capital Management LLC

Valtrion Capital Management LLC purchased a new stake in Blackstone Inc. (NYSE:BX) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 3,824 shares of the asset manager’s stock, valued at approximately $450,000.

Several other institutional investors have also made changes to their positions in BX. BlackRock Inc. acquired a new stake in Blackstone in the 2nd quarter valued at $6,112,162,000. Norges Bank bought a new position in shares of Blackstone during the fourth quarter valued at $1,275,747,000. Legal & General Group Plc bought a new stake in shares of Blackstone in the 2nd quarter worth about $605,267,000. Bank of New York Mellon Corp acquired a new stake in shares of Blackstone during the 2nd quarter worth about $514,736,000. Finally, Capital Research Global Investors boosted its position in Blackstone by 99.2% in the fourth quarter. Capital Research Global Investors now owns 6,381,767 shares of the asset manager’s stock valued at $983,690,000 after buying an additional 3,178,133 shares in the last quarter. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BX. Royal Bank Of Canada raised their price objective on shares of Blackstone from $161.00 to $169.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Rothschild & Co Redburn dropped their price target on Blackstone from $134.00 to $130.00 and set a “neutral” rating for the company in a report on Tuesday, June 9th. Barclays boosted their price objective on Blackstone from $119.00 to $128.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Jefferies Financial Group raised their target price on Blackstone from $143.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, BNP Paribas Exane reduced their price target on shares of Blackstone from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $147.95.

Blackstone Trading Down 0.2%

Shares of NYSE BX opened at $143.34 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.72 and a quick ratio of 0.72. Blackstone Inc. has a fifty-two week low of $101.73 and a fifty-two week high of $190.09. The company’s 50 day simple moving average is $129.51 and its 200 day simple moving average is $122.57. The firm has a market capitalization of $107.60 billion, a P/E ratio of 32.07, a P/E/G ratio of 1.57 and a beta of 1.56.

Blackstone (NYSE:BX) last announced its quarterly earnings results on Thursday, July 23rd. The asset manager reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.18. The company had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $3.42 billion. Blackstone had a return on equity of 23.77% and a net margin of 21.84%.Blackstone’s revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 EPS. On average, analysts predict that Blackstone Inc. will post 5.99 EPS for the current year.

Blackstone Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were issued a $1.29 dividend. This is a positive change from Blackstone’s previous quarterly dividend of $1.16. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $5.16 annualized dividend and a dividend yield of 3.6%. Blackstone’s dividend payout ratio (DPR) is presently 115.44%.

Insider Buying and Selling at Blackstone

In other Blackstone news, major shareholder Holdings Iv L.P. Blackstone bought 272,642 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was purchased at an average cost of $26.14 per share, with a total value of $7,126,861.88. Following the completion of the purchase, the insider owned 8,704,419 shares in the company, valued at approximately $227,533,512.66. The trade was a 3.23% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ruth Porat acquired 371 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were acquired at an average price of $137.17 per share, for a total transaction of $50,890.07. Following the acquisition, the director directly owned 42,189 shares in the company, valued at $5,787,065.13. This represents a 0.89% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 1,611,822 shares of company stock worth $42,189,294 and have sold 7,562,000 shares worth $40,331,085. 1.00% of the stock is owned by corporate insiders.

About Blackstone

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.