Ossiam Acquires 218,995 Shares of Blackstone Inc. (NYSE:BX)

Ossiam increased its stake in Blackstone Inc. (NYSE:BXFree Report) by 1,784.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 231,267 shares of the asset manager’s stock after buying an additional 218,995 shares during the quarter. Ossiam’s holdings in Blackstone were worth $30,277,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Blackstone by 30.2% during the third quarter. Vanguard Group Inc. now owns 62,091,903 shares of the asset manager’s stock worth $6,652,526,000 after buying an additional 14,396,655 shares in the last quarter. Norges Bank bought a new position in shares of Blackstone in the fourth quarter worth $708,859,000. International Assets Investment Management LLC increased its position in shares of Blackstone by 13,816.5% in the fourth quarter. International Assets Investment Management LLC now owns 3,623,868 shares of the asset manager’s stock worth $4,744,370,000 after purchasing an additional 3,597,828 shares during the period. Northern Trust Corp increased its position in shares of Blackstone by 43.9% in the third quarter. Northern Trust Corp now owns 6,877,288 shares of the asset manager’s stock worth $736,833,000 after purchasing an additional 2,098,150 shares during the period. Finally, Invesco Ltd. increased its position in shares of Blackstone by 255.2% in the third quarter. Invesco Ltd. now owns 2,698,085 shares of the asset manager’s stock worth $289,073,000 after purchasing an additional 1,938,593 shares during the period. Institutional investors and hedge funds own 70.00% of the company’s stock.

Blackstone Stock Performance

BX traded down $1.55 during trading hours on Friday, hitting $117.62. The stock had a trading volume of 3,200,870 shares, compared to its average volume of 3,000,355. Blackstone Inc. has a 1 year low of $86.17 and a 1 year high of $133.56. The company’s fifty day simple moving average is $123.10 and its 200 day simple moving average is $123.27. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.61. The stock has a market cap of $84.06 billion, a PE ratio of 41.56, a price-to-earnings-growth ratio of 1.00 and a beta of 1.53.

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

Blackstone Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Monday, April 29th were paid a $0.83 dividend. The ex-dividend date was Friday, April 26th. This represents a $3.32 dividend on an annualized basis and a yield of 2.82%. Blackstone’s dividend payout ratio (DPR) is currently 117.31%.

Insiders Place Their Bets

In other Blackstone news, Director Ruth Porat bought 219 shares of Blackstone stock in a transaction dated Monday, May 6th. The shares were purchased at an average cost of $119.48 per share, with a total value of $26,166.12. Following the completion of the purchase, the director now owns 34,445 shares of the company’s stock, valued at $4,115,488.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BX shares. Barclays reiterated an “equal weight” rating and issued a $125.00 target price (down previously from $129.00) on shares of Blackstone in a research report on Friday, April 19th. JMP Securities restated a “market perform” rating on shares of Blackstone in a report on Tuesday, April 9th. JPMorgan Chase & Co. reduced their price target on Blackstone from $105.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Morgan Stanley boosted their price target on Blackstone from $144.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. Finally, UBS Group lifted their price objective on Blackstone from $135.00 to $138.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $123.65.

View Our Latest Analysis on Blackstone

Blackstone Company Profile

(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.

Further Reading

Institutional Ownership by Quarter for Blackstone (NYSE:BX)

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