Blackstone Inc. (NYSE:BX) Shares Bought by Catalina Capital Group LLC

Catalina Capital Group LLC increased its holdings in shares of Blackstone Inc. (NYSE:BX) by 18.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,052 shares of the asset manager’s stock after buying an additional 314 shares during the period. Catalina Capital Group LLC’s holdings in Blackstone were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. West Financial Advisors LLC bought a new position in Blackstone during the 3rd quarter worth $27,000. Chilton Capital Management LLC acquired a new stake in shares of Blackstone in the 1st quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Blackstone during the 2nd quarter valued at about $26,000. EdgeRock Capital LLC acquired a new stake in shares of Blackstone in the second quarter valued at approximately $27,000. Finally, Bank & Trust Co acquired a new position in shares of Blackstone during the second quarter worth approximately $29,000. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Joseph Baratta sold 116,448 shares of the stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Blackstone Stock Up 4.0 %

Shares of NYSE:BX opened at $176.38 on Thursday. Blackstone Inc. has a 52 week low of $96.15 and a 52 week high of $178.30. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 0.71. The company has a market cap of $127.01 billion, a PE ratio of 60.61, a price-to-earnings-growth ratio of 1.44 and a beta of 1.49. The firm has a 50 day simple moving average of $155.70 and a 200 day simple moving average of $137.33.

Blackstone Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Monday, October 28th were given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.95%. This is a positive change from Blackstone’s previous quarterly dividend of $0.82. The ex-dividend date was Monday, October 28th. Blackstone’s payout ratio is presently 118.21%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BX shares. BMO Capital Markets lifted their target price on Blackstone from $112.00 to $134.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Evercore ISI upped their price objective on shares of Blackstone from $148.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Redburn Atlantic began coverage on shares of Blackstone in a research report on Tuesday, August 27th. They set a “neutral” rating and a $134.00 price target on the stock. Barclays raised their price objective on shares of Blackstone from $155.00 to $174.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Blackstone from $145.00 to $146.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Blackstone currently has an average rating of “Hold” and a consensus target price of $155.38.

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.