Blackstone Inc. (NYSE:BX) Shares Bought by Stephens Inc. AR

Stephens Inc. AR raised its holdings in Blackstone Inc. (NYSE:BX) by 1.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 318,676 shares of the asset manager’s stock after acquiring an additional 4,206 shares during the period. Blackstone accounts for about 0.7% of Stephens Inc. AR’s holdings, making the stock its 24th biggest position. Stephens Inc. AR’s holdings in Blackstone were worth $48,799,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norden Group LLC increased its stake in Blackstone by 2,072.0% during the first quarter. Norden Group LLC now owns 36,555 shares of the asset manager’s stock worth $4,802,000 after acquiring an additional 34,872 shares during the last quarter. First Trust Direct Indexing L.P. increased its stake in Blackstone by 32.0% during the first quarter. First Trust Direct Indexing L.P. now owns 11,786 shares of the asset manager’s stock worth $1,548,000 after acquiring an additional 2,858 shares during the last quarter. Van ECK Associates Corp increased its stake in Blackstone by 72.5% during the first quarter. Van ECK Associates Corp now owns 15,597 shares of the asset manager’s stock worth $2,049,000 after acquiring an additional 6,553 shares during the last quarter. StoneX Group Inc. increased its stake in Blackstone by 5.0% during the first quarter. StoneX Group Inc. now owns 29,458 shares of the asset manager’s stock worth $3,870,000 after acquiring an additional 1,397 shares during the last quarter. Finally, Fortem Financial Group LLC increased its stake in Blackstone by 19.0% during the first quarter. Fortem Financial Group LLC now owns 10,102 shares of the asset manager’s stock worth $1,327,000 after acquiring an additional 1,613 shares during the last quarter. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Blackstone

In related news, Director Joseph Baratta sold 116,448 shares of Blackstone stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $150.81, for a total value of $17,561,522.88. Following the transaction, the director now owns 799,749 shares of the company’s stock, valued at approximately $120,610,146.69. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Joseph Baratta sold 116,448 shares of Blackstone stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $150.81, for a total value of $17,561,522.88. Following the transaction, the director now owns 799,749 shares of the company’s stock, valued at approximately $120,610,146.69. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John G. Finley sold 35,000 shares of Blackstone stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $131.74, for a total value 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 position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

BX has been the subject of a number of recent research reports. Bank of America increased their target price on Blackstone from $171.00 to $192.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Cowen reissued a “hold” rating on shares of Blackstone in a report on Friday, October 18th. BMO Capital Markets increased their price target on Blackstone from $112.00 to $134.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Morgan Stanley increased their price target on Blackstone from $164.00 to $177.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, UBS Group increased their price target on Blackstone from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Blackstone has an average rating of “Hold” and a consensus target price of $155.38.

Blackstone Stock Down 2.2 %

BX opened at $167.75 on Friday. Blackstone Inc. has a 12 month low of $91.14 and a 12 month high of $175.94. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.77. The stock has a market cap of $120.79 billion, a P/E ratio of 57.65, a P/E/G ratio of 1.47 and a beta of 1.51. The stock’s 50 day moving average price is $153.32 and its 200 day moving average price is $135.84.

Blackstone Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Monday, October 28th will be given a dividend of $0.86 per share. The ex-dividend date of this dividend is Monday, October 28th. This is a boost from Blackstone’s previous quarterly dividend of $0.82. This represents a $3.44 annualized dividend and a dividend yield of 2.05%. Blackstone’s dividend payout ratio (DPR) is 118.21%.

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.