Blackstone Inc. (NYSE:BX) Shares Acquired by Mosley Wealth Management

Mosley Wealth Management boosted its stake in shares of Blackstone Inc. (NYSE:BX) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,974 shares of the asset manager’s stock after purchasing an additional 173 shares during the period. Mosley Wealth Management’s holdings in Blackstone were worth $737,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BX. Harbor Advisors LLC grew its position in shares of Blackstone by 77.9% in the fourth quarter. Harbor Advisors LLC now owns 13,700 shares of the asset manager’s stock valued at $2,362,000 after purchasing an additional 6,000 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Blackstone in the 4th quarter valued at $41,691,000. Forefront Wealth Management Inc. acquired a new stake in shares of Blackstone in the 4th quarter worth $347,000. Sei Investments Co. grew its holdings in shares of Blackstone by 8.7% in the fourth quarter. Sei Investments Co. now owns 441,877 shares of the asset manager’s stock valued at $76,188,000 after purchasing an additional 35,500 shares during the period. Finally, American Century Companies Inc. raised its stake in Blackstone by 11.8% during the fourth quarter. American Century Companies Inc. now owns 65,513 shares of the asset manager’s stock worth $11,296,000 after purchasing an additional 6,938 shares during the period. Institutional investors and hedge funds own 70.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on BX. Wells Fargo & Company reduced their price target on shares of Blackstone from $180.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Thursday. Piper Sandler boosted their price objective on Blackstone from $168.00 to $179.00 and gave the stock a “neutral” rating in a research report on Monday, December 23rd. Barclays restated an “equal weight” rating on shares of Blackstone in a research note on Friday, February 7th. StockNews.com downgraded shares of Blackstone from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, BMO Capital Markets raised their price target on Blackstone from $134.00 to $157.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $171.13.

Insider Transactions at Blackstone

In related news, Director Ruth Porat acquired 301 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $164.85 per share, for a total transaction of $49,619.85. Following the transaction, the director now owns 36,829 shares in the company, valued at $6,071,260.65. This trade represents a 0.82 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

Blackstone Trading Down 0.1 %

Shares of BX stock opened at $148.65 on Friday. The firm has a market capitalization of $108.43 billion, a PE ratio of 40.95, a P/E/G ratio of 1.07 and a beta of 1.55. Blackstone Inc. has a 1-year low of $115.82 and a 1-year high of $200.96. The business’s fifty day moving average price is $163.53 and its 200 day moving average price is $167.28. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.67 and a quick ratio of 0.71.

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

Blackstone Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were given a dividend of $1.44 per share. This represents a $5.76 dividend on an annualized basis and a yield of 3.87%. This is an increase from Blackstone’s previous quarterly dividend of $0.86. The ex-dividend date was Monday, February 10th. Blackstone’s payout ratio is presently 158.68%.

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.