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

Signaturefd LLC grew its stake in Blackstone Inc. (NYSE:BX) by 10.4% during the third quarter, HoldingsChannel reports. The firm owned 15,036 shares of the asset manager’s stock after purchasing an additional 1,421 shares during the quarter. Signaturefd LLC’s holdings in Blackstone were worth $2,303,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Chilton Capital Management LLC purchased a new stake in shares of Blackstone in the first quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Blackstone in the second quarter valued at approximately $26,000. EdgeRock Capital LLC purchased a new stake in Blackstone during the second quarter worth $27,000. West Financial Advisors LLC purchased a new stake in Blackstone during the third quarter worth $27,000. Finally, Bank & Trust Co purchased a new stake in Blackstone during the second quarter worth $29,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Wall Street Analysts Forecast Growth

BX has been the topic of a number of research analyst reports. Evercore ISI boosted their target price on Blackstone from $148.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft upped their price objective on Blackstone from $145.00 to $146.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. TD Cowen upped their price objective on Blackstone from $133.00 to $149.00 and gave the company a “hold” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. upped their price objective on Blackstone from $125.00 to $146.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, Wells Fargo & Company upped their price objective on Blackstone from $169.00 to $188.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $155.38.

Insider Activity

In other news, Director Joseph Baratta sold 116,448 shares of the stock in a transaction dated 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 sale, the director now owns 799,749 shares in the company, valued at approximately $120,610,146.69. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider John G. Finley sold 35,000 shares of the stock in a transaction dated Wednesday, August 7th. The stock was 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 approximately $56,567,311.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph Baratta sold 116,448 shares of the stock in a transaction dated Tuesday, October 1st. The shares were 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 of the company’s stock, valued at $120,610,146.69. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Blackstone Stock Performance

Shares of NYSE:BX opened at $168.48 on Wednesday. The firm has a market capitalization of $120.40 billion, a PE ratio of 59.53, a P/E/G ratio of 1.24 and a beta of 1.51. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.77 and a quick ratio of 0.77. The business has a 50-day moving average of $148.54 and a two-hundred day moving average of $133.92. Blackstone Inc. has a 12 month low of $88.59 and a 12 month high of $175.94.

Blackstone Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Monday, October 28th will be paid a dividend of $0.86 per share. The ex-dividend date of this dividend 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 yield of 2.04%. Blackstone’s dividend payout ratio is currently 121.55%.

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.