Strategic Investment Solutions Inc. IL Has $105,000 Stock Position in Blackstone Inc. (NYSE:BX)

Strategic Investment Solutions Inc. IL boosted its holdings in shares of Blackstone Inc. (NYSE:BX) by 121.2% during the third quarter, Holdings Channel reports. The institutional investor owned 688 shares of the asset manager’s stock after acquiring an additional 377 shares during the quarter. Strategic Investment Solutions Inc. IL’s holdings in Blackstone were worth $105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of BX. Chilton Capital Management LLC bought a new position in shares of Blackstone during the first quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Blackstone during the second quarter valued at $26,000. EdgeRock Capital LLC bought a new position in shares of Blackstone during the second quarter valued at $27,000. West Financial Advisors LLC bought a new position in shares of Blackstone during the third quarter valued at $27,000. Finally, Bank & Trust Co bought a new position in shares of Blackstone during the second quarter valued at $29,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Insider Activity at Blackstone

In related news, Director Joseph Baratta sold 116,448 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $150.81, for a total value of $17,561,522.88. Following the completion of the transaction, the director now directly owns 799,749 shares in the company, valued at approximately $120,610,146.69. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Blackstone news, Director Joseph Baratta sold 116,448 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $150.81, for a total value of $17,561,522.88. Following the sale, the director now owns 799,749 shares in the company, valued at approximately $120,610,146.69. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John G. Finley sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $131.74, for a total value of $4,610,900.00. Following the completion of the sale, the insider now owns 429,386 shares in the company, valued at $56,567,311.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BX shares. UBS Group lifted their price target on Blackstone from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. The Goldman Sachs Group lifted their price target on Blackstone from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 18th. JPMorgan Chase & Co. lifted their price target on Blackstone from $125.00 to $146.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Wells Fargo & Company lifted their price target on Blackstone from $169.00 to $188.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, BMO Capital Markets lifted their price target on Blackstone from $112.00 to $134.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Thirteen 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 stock currently has an average rating of “Hold” and an average target price of $155.38.

Blackstone Trading Down 0.1 %

Shares of Blackstone stock traded down $0.21 during trading on Friday, hitting $169.45. 281,407 shares of the company were exchanged, compared to its average volume of 3,433,533. The firm has a market capitalization of $121.10 billion, a P/E ratio of 59.95, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51. Blackstone Inc. has a 1-year low of $88.59 and a 1-year high of $175.94. The firm’s fifty day moving average price is $149.16 and its 200 day moving average price is $134.15. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.77 and a quick ratio of 0.77.

Blackstone Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Monday, October 28th will be given a $0.86 dividend. The ex-dividend date is Monday, October 28th. This is a positive change from Blackstone’s previous quarterly dividend of $0.82. This represents a $3.44 annualized dividend and a dividend yield of 2.03%. Blackstone’s payout ratio is currently 121.55%.

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.