Blackstone Inc. (NYSE:BX) Shares Purchased by Accurate Wealth Management LLC

Accurate Wealth Management LLC boosted its position in shares of Blackstone Inc. (NYSE:BX) by 29.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,489 shares of the asset manager’s stock after buying an additional 1,478 shares during the period. Accurate Wealth Management LLC’s holdings in Blackstone were worth $1,070,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Quest Partners LLC raised its holdings in shares of Blackstone by 12,090.0% during the second quarter. Quest Partners LLC now owns 1,219 shares of the asset manager’s stock valued at $151,000 after acquiring an additional 1,209 shares during the period. American Century Companies Inc. raised its position in Blackstone by 3.5% during the second quarter. American Century Companies Inc. now owns 58,777 shares of the asset manager’s stock valued at $7,277,000 after acquiring an additional 2,002 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Blackstone by 12.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,254,342 shares of the asset manager’s stock worth $155,288,000 after purchasing an additional 142,026 shares in the last quarter. Citizens Financial Group Inc. RI lifted its position in shares of Blackstone by 538.8% in the second quarter. Citizens Financial Group Inc. RI now owns 14,112 shares of the asset manager’s stock worth $1,747,000 after buying an additional 11,903 shares during the last quarter. Finally, Wulff Hansen & CO. increased its holdings in shares of Blackstone by 12,192.7% during the 2nd quarter. Wulff Hansen & CO. now owns 7,340,845 shares of the asset manager’s stock valued at $908,797,000 after acquiring an additional 7,281,128 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors.

Blackstone Trading Up 2.1 %

NYSE BX opened at $169.27 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. Blackstone Inc. has a 12 month low of $114.88 and a 12 month high of $200.96. The company has a market capitalization of $122.21 billion, a PE ratio of 58.17, a P/E/G ratio of 1.63 and a beta of 1.53. The stock has a 50-day simple moving average of $180.70 and a 200 day simple moving average of $157.59.

Blackstone (NYSE:BX) last released its quarterly earnings data on Thursday, October 17th. The asset manager reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.10. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.37 billion. Blackstone had a net margin of 19.46% and a return on equity of 17.53%. Research analysts forecast that Blackstone Inc. will post 4.43 EPS for the current year.

Blackstone Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Monday, October 28th were paid a $0.86 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $3.44 dividend on an annualized basis and a yield of 2.03%. This is a positive change from Blackstone’s previous quarterly dividend of $0.82. Blackstone’s payout ratio is presently 118.21%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BX. Barclays reduced their price objective on shares of Blackstone from $199.00 to $192.00 and set an “equal weight” rating for the company in a research note on Monday. JPMorgan Chase & Co. upped their price target on shares of Blackstone from $125.00 to $146.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods cut their price objective on Blackstone from $175.00 to $174.00 and set a “market perform” rating for the company in a research report on Monday. BMO Capital Markets lifted their price target on Blackstone from $134.00 to $157.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Finally, Evercore ISI raised their price objective on shares of Blackstone from $148.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $169.56.

Insider Activity at Blackstone

In other Blackstone news, insider John G. Finley sold 42,249 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $175.94, for a total value of $7,433,289.06. Following the sale, the insider now owns 387,137 shares in the company, valued at approximately $68,112,883.78. The trade was a 9.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.00% of the stock is currently owned by insiders.

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.