Blake Schutter Theil Wealth Advisors LLC Makes New Investment in Blackstone Inc. (NYSE:BX)

Blake Schutter Theil Wealth Advisors LLC bought a new stake in Blackstone Inc. (NYSE:BX) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 4,732 shares of the asset manager’s stock, valued at approximately $725,000.

A number of other institutional investors have also added to or reduced their stakes in BX. West Financial Advisors LLC acquired a new position in shares of Blackstone during the third quarter valued at about $27,000. Chilton Capital Management LLC purchased a new stake in shares of Blackstone in the first quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Blackstone during the second quarter valued at approximately $26,000. EdgeRock Capital LLC bought a new position in Blackstone during the 2nd quarter valued at $27,000. Finally, Bank & Trust Co bought a new stake in shares of Blackstone in the 2nd quarter worth $29,000. 70.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BX shares. Morgan Stanley upped their price objective on shares of Blackstone from $164.00 to $177.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. TD Cowen increased their price target on Blackstone from $133.00 to $149.00 and gave the company a “hold” rating in a research report on Friday, October 18th. UBS Group upped their price objective on Blackstone from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Wells Fargo & Company boosted their price target on shares of Blackstone from $169.00 to $188.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Cowen reiterated a “hold” rating on shares of Blackstone in a research note on Friday, October 18th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $155.38.

Blackstone Trading Up 4.0 %

Shares of BX opened at $176.38 on Thursday. The business’s 50-day moving average price is $155.70 and its 200-day moving average price is $137.33. The company has a quick ratio of 0.77, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. Blackstone Inc. has a twelve month low of $96.15 and a twelve month high of $178.30. The stock has a market cap of $127.01 billion, a PE ratio of 60.61, a P/E/G ratio of 1.44 and a beta of 1.49.

Blackstone Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Monday, October 28th were given a dividend of $0.86 per share. This is a positive change from Blackstone’s previous quarterly dividend of $0.82. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Monday, October 28th. Blackstone’s payout ratio is 118.21%.

Insider Buying and Selling

In other news, Director Joseph Baratta sold 116,448 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $150.81, for a total transaction of $17,561,522.88. Following the completion of the transaction, the director now owns 799,749 shares of the company’s stock, valued at approximately $120,610,146.69. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by company insiders.

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.