Yousif Capital Management LLC Has $14.99 Million Stock Position in Blackstone Inc. (NYSE:BX)

Yousif Capital Management LLC lowered its position in Blackstone Inc. (NYSE:BX) by 2.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 86,957 shares of the asset manager’s stock after selling 2,643 shares during the period. Yousif Capital Management LLC’s holdings in Blackstone were worth $14,993,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Sather Financial Group Inc lifted its stake in shares of Blackstone by 202.5% in the 3rd quarter. Sather Financial Group Inc now owns 6,050 shares of the asset manager’s stock valued at $926,000 after purchasing an additional 4,050 shares during the period. Portside Wealth Group LLC acquired a new position in Blackstone in the third quarter valued at approximately $201,000. Aljian Capital Management LLC bought a new stake in shares of Blackstone in the 3rd quarter valued at $1,951,000. Icon Wealth Advisors LLC boosted its stake in Blackstone by 2,185.4% during the third quarter. Icon Wealth Advisors LLC now owns 18,946 shares of the asset manager’s stock worth $2,901,000 after acquiring an additional 18,117 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Blackstone by 3.2% during the third quarter. PNC Financial Services Group Inc. now owns 1,169,526 shares of the asset manager’s stock valued at $179,089,000 after purchasing an additional 36,343 shares during the period. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Blackstone news, insider John G. Finley sold 42,249 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were 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 of the company’s stock, valued at $68,112,883.78. This trade represents a 9.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Blackstone Price Performance

Shares of NYSE BX opened at $170.86 on Wednesday. The firm has a market capitalization of $123.36 billion, a P/E ratio of 47.07, a P/E/G ratio of 1.18 and a beta of 1.53. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.61. The stock’s 50-day simple moving average is $179.76 and its two-hundred day simple moving average is $162.89. Blackstone Inc. has a twelve month low of $115.82 and a twelve month high of $200.96.

Blackstone (NYSE:BX) last posted its quarterly earnings data on Thursday, January 30th. The asset manager reported $1.69 earnings per share for the quarter, beating 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, equities analysts anticipate that Blackstone Inc. will post 5.86 EPS for the current fiscal year.

Blackstone Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th will be paid a $1.44 dividend. This is a boost from Blackstone’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Monday, February 10th. This represents a $5.76 dividend on an annualized basis and a dividend yield of 3.37%. Blackstone’s dividend payout ratio is 94.77%.

Analyst Ratings Changes

Several brokerages have issued reports on BX. Wells Fargo & Company cut their price target on Blackstone from $195.00 to $180.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. UBS Group boosted their price target on shares of Blackstone from $170.00 to $180.00 and gave the company a “neutral” rating in a research note on Monday. JPMorgan Chase & Co. boosted their target price on shares of Blackstone from $149.00 to $154.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods lifted their price target on Blackstone from $174.00 to $177.00 and gave the company a “market perform” rating in a research note on Friday, January 31st. Finally, Piper Sandler raised their price objective on Blackstone from $168.00 to $179.00 and gave the company a “neutral” rating in a research note on Monday, December 23rd. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Blackstone has a consensus rating of “Hold” and an average target price of $172.38.

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.