Blackstone Inc. (NYSE:BX) is Rothschild Investment LLC’s 5th Largest Position

Rothschild Investment LLC trimmed its position in shares of Blackstone Inc. (NYSE:BX) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,478 shares of the asset manager’s stock after selling 5,016 shares during the period. Blackstone comprises approximately 2.2% of Rothschild Investment LLC’s portfolio, making the stock its 5th biggest holding. Rothschild Investment LLC’s holdings in Blackstone were worth $33,877,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bangor Savings Bank raised its holdings in Blackstone by 187.5% during the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock valued at $28,000 after buying an additional 105 shares in the last quarter. Hager Investment Management Services LLC bought a new position in Blackstone during the fourth quarter valued at about $28,000. Centricity Wealth Management LLC acquired a new stake in shares of Blackstone in the fourth quarter valued at about $30,000. Berbice Capital Management LLC acquired a new stake in shares of Blackstone in the fourth quarter valued at about $34,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Blackstone in the fourth quarter valued at about $34,000. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

Blackstone Stock Down 3.5 %

NYSE BX opened at $158.21 on Monday. Blackstone Inc. has a 1-year low of $115.82 and a 1-year high of $200.96. The stock’s 50 day moving average is $173.58 and its two-hundred day moving average is $165.74. 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 company has a market capitalization of $114.23 billion, a price-to-earnings ratio of 43.58, a PEG ratio of 1.07 and a beta of 1.53.

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

Blackstone Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were paid a $1.44 dividend. The ex-dividend date was Monday, February 10th. This represents a $5.76 dividend on an annualized basis and a dividend yield of 3.64%. This is a boost from Blackstone’s previous quarterly dividend of $0.86. Blackstone’s payout ratio is 158.68%.

Insider Buying and Selling

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 directly owns 36,829 shares of the company’s stock, valued at approximately $6,071,260.65. This trade represents a 0.82 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BX has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their price target on Blackstone from $174.00 to $177.00 and gave the company a “market perform” rating in a research report on Friday, January 31st. StockNews.com downgraded Blackstone from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Barclays reaffirmed an “equal weight” rating on shares of Blackstone in a research report on Friday, February 7th. UBS Group lifted their target price on Blackstone from $170.00 to $180.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Blackstone from $172.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $172.38.

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.