Joel Isaacson & Co. LLC Has $3.29 Million Stock Holdings in Blackstone Inc. (NYSE:BX)

Joel Isaacson & Co. LLC increased its stake in shares of Blackstone Inc. (NYSE:BX) by 14.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,084 shares of the asset manager’s stock after acquiring an additional 2,450 shares during the period. Joel Isaacson & Co. LLC’s holdings in Blackstone were worth $3,290,000 at the end of the most recent reporting period.

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

Blackstone Price Performance

NYSE BX opened at $170.11 on Friday. The stock has a market cap of $122.82 billion, a price-to-earnings ratio of 46.86, a PEG ratio of 1.18 and a beta of 1.53. Blackstone Inc. has a 52-week low of $115.82 and a 52-week high of $200.96. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.67. The business has a 50 day simple moving average of $178.78 and a 200 day simple moving average of $163.28.

Blackstone (NYSE:BX) last released 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 anticipate that Blackstone Inc. will post 5.86 earnings per share 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 issued a $1.44 dividend. The ex-dividend date is Monday, February 10th. This is an increase from Blackstone’s previous quarterly dividend of $0.86. This represents a $5.76 dividend on an annualized basis and a dividend yield of 3.39%. Blackstone’s dividend payout ratio (DPR) is 94.77%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. StockNews.com downgraded shares of Blackstone from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. UBS Group increased their price objective on Blackstone from $170.00 to $180.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods upped 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. BMO Capital Markets upped their target price on shares of Blackstone from $134.00 to $157.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company dropped their price target on shares of Blackstone from $195.00 to $180.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Blackstone has an average rating of “Hold” and a consensus target price of $172.38.

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.