Blackstone Inc. (NYSE:BX) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd grew its position in Blackstone Inc. (NYSE:BX) by 0.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 141,786 shares of the asset manager’s stock after acquiring an additional 416 shares during the period. IFM Investors Pty Ltd’s holdings in Blackstone were worth $21,712,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of BX. Jackson Wealth Management LLC raised its position in shares of Blackstone by 72.7% during the 3rd quarter. Jackson Wealth Management LLC now owns 59,870 shares of the asset manager’s stock worth $9,168,000 after purchasing an additional 25,207 shares during the last quarter. Global Assets Advisory LLC acquired a new position in shares of Blackstone during the 3rd quarter worth about $598,000. Great Lakes Retirement Inc. raised its position in shares of Blackstone by 3.3% during the 3rd quarter. Great Lakes Retirement Inc. now owns 18,306 shares of the asset manager’s stock worth $2,803,000 after purchasing an additional 577 shares during the last quarter. International Assets Investment Management LLC grew its stake in Blackstone by 15,357.3% during the 3rd quarter. International Assets Investment Management LLC now owns 4,201,150 shares of the asset manager’s stock valued at $6,433,220,000 after acquiring an additional 4,173,971 shares in the last quarter. Finally, Capital Investment Counsel Inc purchased a new stake in Blackstone during the 3rd quarter valued at about $230,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Blackstone from $125.00 to $146.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. BMO Capital Markets upped their price objective on shares of Blackstone from $112.00 to $134.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Wells Fargo & Company upped their price objective on shares of Blackstone from $169.00 to $188.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Redburn Atlantic initiated coverage on shares of Blackstone in a research note on Tuesday, August 27th. They issued a “neutral” rating and a $134.00 price target for the company. Finally, TD Cowen increased their price target on shares of Blackstone from $133.00 to $149.00 and gave the company a “hold” rating in a research note on Friday, October 18th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $155.38.

Blackstone Stock Up 1.1 %

Shares of BX traded up $1.82 during midday trading on Thursday, reaching $168.74. The stock had a trading volume of 1,250,145 shares, compared to its average volume of 3,437,760. Blackstone Inc. has a 1-year low of $88.59 and a 1-year high of $175.94. The company’s fifty day simple moving average is $149.16 and its two-hundred day simple moving average is $134.15. The company has a market cap of $120.59 billion, a price-to-earnings ratio of 60.05, a PEG ratio of 1.24 and a beta of 1.51. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.77 and a quick ratio of 0.77.

Blackstone Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Monday, October 28th will be issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.04%. This is a positive change from Blackstone’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Monday, October 28th. Blackstone’s dividend payout ratio (DPR) is presently 121.55%.

Insider Buying and Selling

In other Blackstone news, insider John G. Finley sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $131.74, for a total transaction of $4,610,900.00. Following the transaction, the insider now owns 429,386 shares of the company’s stock, valued at approximately $56,567,311.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider John G. Finley sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $131.74, for a total transaction of $4,610,900.00. Following the transaction, the insider now directly owns 429,386 shares in the company, valued at approximately $56,567,311.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph Baratta sold 116,448 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $150.81, for a total transaction of $17,561,522.88. Following the sale, the director now owns 799,749 shares of the company’s stock, valued at approximately $120,610,146.69. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Blackstone 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.