Alaska Wealth Advisors Has $345,000 Holdings in Blackstone Inc. (NYSE:BX)

Alaska Wealth Advisors lowered its position in Blackstone Inc. (NYSE:BX) by 33.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,000 shares of the asset manager’s stock after selling 1,000 shares during the quarter. Alaska Wealth Advisors’ holdings in Blackstone were worth $345,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Bangor Savings Bank boosted its holdings in shares of Blackstone by 187.5% during the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock worth $28,000 after acquiring an additional 105 shares during the period. Hager Investment Management Services LLC bought a new stake in Blackstone in the 4th quarter valued at $28,000. Berbice Capital Management LLC bought a new position in Blackstone during the 4th quarter worth $34,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Blackstone during the fourth quarter worth $34,000. Finally, Raleigh Capital Management Inc. grew its stake in shares of Blackstone by 32.1% in the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 62 shares in the last quarter. Institutional investors own 70.00% of the company’s stock.

Analysts Set New Price Targets

BX has been the topic of several recent research reports. StockNews.com cut shares of Blackstone from a “buy” rating to a “hold” rating in a report on Friday, January 31st. 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. Bank of America upped their price target on shares of Blackstone from $171.00 to $192.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods boosted their price objective on Blackstone from $174.00 to $177.00 and gave the stock a “market perform” rating in a research report on Friday, January 31st. Finally, Citigroup raised their price target on shares of Blackstone from $170.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $172.38.

Blackstone Stock Down 2.3 %

Blackstone stock opened at $164.80 on Wednesday. Blackstone Inc. has a 1-year low of $115.82 and a 1-year high of $200.96. The firm has a market capitalization of $118.98 billion, a price-to-earnings ratio of 45.40, a price-to-earnings-growth ratio of 1.13 and a beta of 1.53. The company has a current ratio of 0.67, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61. The firm’s fifty day moving average price is $177.99 and its two-hundred day moving average price is $164.00.

Blackstone (NYSE:BX) last issued its quarterly earnings data on Thursday, January 30th. The asset manager reported $1.69 EPS 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%. On average, equities research analysts predict that Blackstone Inc. will post 5.88 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The company also recently announced 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 of this dividend is Monday, February 10th. This represents a $5.76 annualized dividend and a dividend yield of 3.50%. This is an increase from Blackstone’s previous quarterly dividend of $0.86. Blackstone’s dividend payout ratio is currently 94.77%.

About Blackstone

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.