Blackstone Inc. (NYSE:BX) Shares Acquired by CenterBook Partners LP

CenterBook Partners LP raised its holdings in shares of Blackstone Inc. (NYSE:BXFree Report) by 158.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,436 shares of the asset manager’s stock after acquiring an additional 17,422 shares during the quarter. CenterBook Partners LP’s holdings in Blackstone were worth $3,723,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in BX. Vanguard Group Inc. boosted its position in shares of Blackstone by 30.2% in the 3rd quarter. Vanguard Group Inc. now owns 62,091,903 shares of the asset manager’s stock valued at $6,652,526,000 after purchasing an additional 14,396,655 shares during the period. Norges Bank purchased a new stake in Blackstone during the 4th quarter valued at approximately $708,859,000. International Assets Investment Management LLC raised its stake in Blackstone by 13,816.5% during the 4th quarter. International Assets Investment Management LLC now owns 3,623,868 shares of the asset manager’s stock valued at $4,744,370,000 after acquiring an additional 3,597,828 shares during the last quarter. Northern Trust Corp raised its stake in Blackstone by 43.9% during the 3rd quarter. Northern Trust Corp now owns 6,877,288 shares of the asset manager’s stock valued at $736,833,000 after acquiring an additional 2,098,150 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Blackstone by 255.2% during the 3rd quarter. Invesco Ltd. now owns 2,698,085 shares of the asset manager’s stock valued at $289,073,000 after acquiring an additional 1,938,593 shares during the last quarter. 70.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Blackstone

In other news, Director Ruth Porat bought 219 shares of Blackstone stock in a transaction that occurred on Monday, May 6th. The shares were purchased at an average price of $119.48 per share, for a total transaction of $26,166.12. Following the completion of the acquisition, the director now owns 34,445 shares of the company’s stock, valued at $4,115,488.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on BX shares. JMP Securities reaffirmed a “market perform” rating on shares of Blackstone in a research note on Tuesday, April 9th. UBS Group increased their target price on Blackstone from $135.00 to $138.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Bank of America cut their target price on Blackstone from $141.00 to $132.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Piper Sandler cut their target price on Blackstone from $150.00 to $146.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. cut their target price on Blackstone from $105.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $123.65.

View Our Latest Analysis on Blackstone

Blackstone Price Performance

NYSE:BX traded down $1.55 during trading hours on Friday, reaching $117.62. 3,200,870 shares of the company traded hands, compared to its average volume of 3,000,355. The firm’s 50-day moving average is $123.10 and its 200-day moving average is $123.15. The stock has a market cap of $84.06 billion, a P/E ratio of 41.56, a P/E/G ratio of 1.00 and a beta of 1.53. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.79 and a quick ratio of 0.79. Blackstone Inc. has a 1-year low of $86.17 and a 1-year high of $133.56.

Blackstone (NYSE:BXGet Free Report) last announced its earnings results on Thursday, April 18th. The asset manager reported $0.98 EPS for the quarter, meeting analysts’ consensus estimates of $0.98. Blackstone had a return on equity of 17.33% and a net margin of 20.84%. The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. Blackstone’s quarterly revenue was up 166.9% on a year-over-year basis. Equities research analysts expect that Blackstone Inc. will post 4.77 earnings per share for the current fiscal year.

Blackstone Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Stockholders of record on Monday, April 29th were issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend was Friday, April 26th. Blackstone’s dividend payout ratio (DPR) is 117.31%.

About Blackstone

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding BX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackstone Inc. (NYSE:BXFree Report).

Institutional Ownership by Quarter for Blackstone (NYSE:BX)

Receive News & Ratings for Blackstone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackstone and related companies with MarketBeat.com's FREE daily email newsletter.