Blackstone Inc. (NYSE:BX) Shares Acquired by Signaturefd LLC

Signaturefd LLC raised its stake in Blackstone Inc. (NYSE:BX) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,283 shares of the asset manager’s stock after acquiring an additional 247 shares during the period. Signaturefd LLC’s holdings in Blackstone were worth $2,635,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Glen Eagle Advisors LLC increased its position in Blackstone by 1.8% in the third quarter. Glen Eagle Advisors LLC now owns 3,251 shares of the asset manager’s stock worth $498,000 after buying an additional 59 shares during the period. Avidian Wealth Enterprises LLC boosted its stake in Blackstone by 0.4% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 16,184 shares of the asset manager’s stock valued at $2,790,000 after purchasing an additional 59 shares during the period. Investmark Advisory Group LLC increased its stake in shares of Blackstone by 2.4% in the third quarter. Investmark Advisory Group LLC now owns 2,608 shares of the asset manager’s stock valued at $399,000 after purchasing an additional 60 shares during the period. McIlrath & Eck LLC boosted its position in shares of Blackstone by 6.5% during the third quarter. McIlrath & Eck LLC now owns 1,019 shares of the asset manager’s stock worth $156,000 after buying an additional 62 shares during the period. Finally, McAdam LLC grew its holdings in Blackstone by 3.9% in the 4th quarter. McAdam LLC now owns 1,687 shares of the asset manager’s stock worth $291,000 after buying an additional 63 shares in the last quarter. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Blackstone Trading Up 4.8 %

Blackstone stock opened at $147.67 on Tuesday. The company has a 50 day moving average price of $165.35 and a 200 day moving average price of $167.26. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.67. Blackstone Inc. has a 52 week low of $115.82 and a 52 week high of $200.96. The firm has a market capitalization of $107.72 billion, a price-to-earnings ratio of 40.68, a P/E/G ratio of 1.07 and a beta of 1.55.

Blackstone (NYSE:BX) last posted its quarterly earnings results on Thursday, January 30th. The asset manager reported $1.69 earnings per share for the quarter, beating 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%. Research analysts forecast that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were paid a $1.44 dividend. This represents a $5.76 annualized dividend and a yield of 3.90%. 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. Blackstone’s dividend payout ratio is currently 158.68%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BX shares. 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 note on Friday, January 31st. StockNews.com cut shares of Blackstone from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. TD Cowen upgraded shares of Blackstone from a “hold” rating to a “buy” rating and increased their price objective for the company from $149.00 to $230.00 in a report on Monday, December 9th. Citigroup restated a “hold” rating on shares of Blackstone in a research report on Friday, February 7th. Finally, Barclays reissued an “equal weight” rating on shares of Blackstone in a research note on Friday, February 7th. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $172.38.

Insider Activity

In other news, Director Ruth Porat purchased 301 shares of the stock in a transaction that occurred on 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 purchase, the director now owns 36,829 shares in the company, valued at $6,071,260.65. This represents a 0.82 % increase in their position. The purchase 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 currently owned by corporate 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.