417 Shares in Blackstone Inc. (NYSE:BX) Bought by Millstone Evans Group LLC

Millstone Evans Group LLC bought a new position in shares of Blackstone Inc. (NYSE:BX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 417 shares of the asset manager’s stock, valued at approximately $72,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BX. State Street Corp increased its holdings in Blackstone by 1.2% in the 3rd quarter. State Street Corp now owns 30,020,426 shares of the asset manager’s stock valued at $4,597,028,000 after buying an additional 348,751 shares during the period. Geode Capital Management LLC grew its holdings in shares of Blackstone by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 14,896,413 shares of the asset manager’s stock worth $2,272,227,000 after purchasing an additional 336,308 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Blackstone by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,045,143 shares of the asset manager’s stock worth $697,464,000 after purchasing an additional 113,732 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Blackstone by 3.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,430,909 shares of the asset manager’s stock worth $525,375,000 after purchasing an additional 116,367 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Blackstone by 6.1% in the 3rd quarter. FMR LLC now owns 2,155,068 shares of the asset manager’s stock worth $330,006,000 after purchasing an additional 124,462 shares during the last quarter. Institutional investors own 70.00% of the company’s stock.

Blackstone Stock Down 0.1 %

Blackstone stock opened at $148.65 on Monday. The company’s 50 day simple moving average is $163.53 and its 200 day simple moving average is $167.49. Blackstone Inc. has a fifty-two week low of $115.82 and a fifty-two week high of $200.96. The firm has a market capitalization of $108.43 billion, a price-to-earnings ratio of 40.95, a PEG ratio of 1.07 and a beta of 1.55. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.67 and a quick ratio of 0.71.

Blackstone (NYSE:BX) last announced its earnings results on Thursday, January 30th. The asset manager reported $1.69 EPS for the quarter, topping the consensus estimate of $1.50 by $0.19. Blackstone had a net margin of 20.99% and a return on equity of 19.58%. As a group, sell-side analysts anticipate that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were issued a dividend of $1.44 per share. This is an increase from Blackstone’s previous quarterly dividend of $0.86. This represents a $5.76 annualized dividend and a yield of 3.87%. The ex-dividend date was Monday, February 10th. Blackstone’s dividend payout ratio (DPR) is 158.68%.

Insiders Place Their Bets

In other Blackstone news, Director Ruth Porat acquired 301 shares of the stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of $164.85 per share, for a total transaction of $49,619.85. Following the completion of the acquisition, the director now directly owns 36,829 shares of the company’s stock, valued at approximately $6,071,260.65. This trade represents a 0.82 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BX shares. Keefe, Bruyette & Woods upped their target price on shares of Blackstone from $174.00 to $177.00 and gave the stock a “market perform” rating in a report on Friday, January 31st. StockNews.com lowered shares of Blackstone from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Piper Sandler increased their price objective on shares of Blackstone from $168.00 to $179.00 and gave the stock a “neutral” rating in a report on Monday, December 23rd. TD Cowen raised shares of Blackstone from a “hold” rating to a “buy” rating and increased their price objective for the stock from $149.00 to $230.00 in a report on Monday, December 9th. Finally, Wells Fargo & Company decreased their price objective on shares of Blackstone from $180.00 to $160.00 and set an “equal weight” rating on the stock in a report on Thursday. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $171.13.

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.