Blackstone Inc. (NYSE:BX) is Rothschild Investment LLC’s 5th Largest Position

Rothschild Investment LLC lowered its holdings in Blackstone Inc. (NYSE:BX) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 196,478 shares of the asset manager’s stock after selling 5,016 shares during the period. Blackstone comprises 2.2% of Rothschild Investment LLC’s portfolio, making the stock its 5th largest position. Rothschild Investment LLC’s holdings in Blackstone were worth $33,877,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc raised its stake in Blackstone by 190.4% during the fourth quarter. IFP Advisors Inc now owns 7,181 shares of the asset manager’s stock valued at $1,238,000 after buying an additional 4,708 shares in the last quarter. J. W. Coons Advisors LLC acquired a new stake in Blackstone during the fourth quarter valued at approximately $416,000. Colonial River Investments LLC raised its stake in Blackstone by 4.7% during the fourth quarter. Colonial River Investments LLC now owns 4,151 shares of the asset manager’s stock valued at $716,000 after buying an additional 188 shares in the last quarter. Y Intercept Hong Kong Ltd raised its position in shares of Blackstone by 316.9% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 87,822 shares of the asset manager’s stock worth $15,142,000 after purchasing an additional 66,759 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Blackstone during the 4th quarter worth approximately $472,000. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Wall Street Analyst Weigh In

BX has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price target on Blackstone from $149.00 to $154.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their price target on Blackstone from $172.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Citigroup reiterated a “hold” rating on shares of Blackstone in a research report on Friday, February 7th. Barclays restated an “equal weight” rating on shares of Blackstone in a research report on Friday, February 7th. Finally, StockNews.com cut Blackstone from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Blackstone has a consensus rating of “Hold” and a consensus price target of $172.38.

Blackstone Stock Performance

BX opened at $158.21 on Monday. The firm has a market cap of $114.23 billion, a PE ratio of 43.58, a P/E/G ratio of 1.07 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 business has a fifty day simple moving average of $173.58 and a 200-day simple moving average of $165.74. Blackstone Inc. has a fifty-two week low of $115.82 and a fifty-two week high of $200.96.

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

Blackstone Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were paid a dividend of $1.44 per share. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Blackstone’s previous quarterly dividend of $0.86. This represents a $5.76 annualized dividend and a dividend yield of 3.64%. Blackstone’s dividend payout ratio (DPR) is currently 158.68%.

Insider Transactions at Blackstone

In other Blackstone news, Director Ruth Porat bought 301 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average price of $164.85 per share, with a total value of $49,619.85. Following the completion of the transaction, the director now directly owns 36,829 shares in the company, valued at approximately $6,071,260.65. This represents a 0.82 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.