Blackstone Inc. (NYSE:BX) Shares Bought by WoodTrust Financial Corp

WoodTrust Financial Corp increased its position in shares of Blackstone Inc. (NYSE:BX) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,359 shares of the asset manager’s stock after purchasing an additional 100 shares during the quarter. WoodTrust Financial Corp’s holdings in Blackstone were worth $1,958,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Abbot Financial Management Inc. raised its stake in shares of Blackstone by 0.7% during the 4th quarter. Abbot Financial Management Inc. now owns 26,644 shares of the asset manager’s stock valued at $4,594,000 after buying an additional 175 shares during the last quarter. Triad Wealth Partners LLC purchased a new position in Blackstone during the fourth quarter valued at approximately $469,000. Keybank National Association OH lifted its holdings in Blackstone by 4.4% in the fourth quarter. Keybank National Association OH now owns 14,744 shares of the asset manager’s stock valued at $2,542,000 after acquiring an additional 621 shares during the period. Westover Capital Advisors LLC grew its stake in shares of Blackstone by 3.2% during the 4th quarter. Westover Capital Advisors LLC now owns 6,876 shares of the asset manager’s stock worth $1,186,000 after purchasing an additional 210 shares during the period. Finally, Commerzbank Aktiengesellschaft FI lifted its stake in shares of Blackstone by 16.5% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 5,764 shares of the asset manager’s stock valued at $992,000 after purchasing an additional 815 shares during the period. Institutional investors and hedge funds own 70.00% of the company’s stock.

Blackstone Trading Down 5.0 %

Shares of Blackstone stock opened at $150.59 on Wednesday. Blackstone Inc. has a 1-year low of $115.82 and a 1-year high of $200.96. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.67 and a quick ratio of 0.71. The stock has a market cap of $108.73 billion, a P/E ratio of 41.49, a P/E/G ratio of 1.07 and a beta of 1.55. The stock’s 50 day simple moving average is $170.99 and its 200-day simple moving average is $166.94.

Blackstone (NYSE:BX) last issued its earnings results on Thursday, January 30th. The asset manager reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.19. Blackstone had a return on equity of 19.58% and a net margin of 20.99%. Analysts predict that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were issued a dividend of $1.44 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $5.76 dividend on an annualized basis and a dividend yield of 3.82%. This is an increase from Blackstone’s previous quarterly dividend of $0.86. Blackstone’s dividend payout ratio (DPR) is currently 158.68%.

Wall Street Analysts Forecast Growth

BX has been the subject of a number of recent analyst reports. UBS Group reaffirmed a “neutral” rating on shares of Blackstone in a report on Monday. JPMorgan Chase & Co. upped their price target on Blackstone from $149.00 to $154.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Citigroup reissued a “hold” rating on shares of Blackstone in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft increased their target price on Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Barclays restated an “equal weight” rating on shares of Blackstone in a research report on Friday, February 7th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $172.38.

Insider Activity at Blackstone

In related news, Director Ruth Porat bought 301 shares of the stock in a transaction on Tuesday, February 18th. The stock was bought at an average price of $164.85 per share, with a total value of $49,619.85. Following the completion of the purchase, the director now directly owns 36,829 shares in the company, valued at $6,071,260.65. This represents a 0.82 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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.