Quotient Wealth Partners LLC Acquires 131 Shares of Blackstone Inc. (NYSE:BX)

Quotient Wealth Partners LLC boosted its stake in Blackstone Inc. (NYSE:BX) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,730 shares of the asset manager’s stock after buying an additional 131 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Blackstone were worth $471,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BX. Bangor Savings Bank grew its stake in Blackstone by 187.5% during the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock worth $28,000 after buying an additional 105 shares during the last quarter. Hager Investment Management Services LLC bought a new stake in Blackstone during the 4th quarter worth about $28,000. Berbice Capital Management LLC bought a new position in Blackstone in the 4th quarter worth approximately $34,000. Raleigh Capital Management Inc. boosted its position in Blackstone by 32.1% in the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock valued at $39,000 after buying an additional 62 shares during the last quarter. Finally, Kieckhefer Group LLC acquired a new position in shares of Blackstone during the fourth quarter valued at $39,000. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Blackstone Trading Down 2.5 %

Shares of Blackstone stock opened at $170.11 on Monday. The stock has a market cap of $122.82 billion, a P/E ratio of 46.86, a P/E/G ratio of 1.13 and a beta of 1.53. Blackstone Inc. has a 12-month low of $115.82 and a 12-month high of $200.96. The business’s 50 day moving average is $178.36 and its 200-day moving average is $163.62. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.61.

Blackstone (NYSE:BX) last issued its earnings results on Thursday, January 30th. The asset manager reported $1.69 EPS for the quarter, topping the consensus estimate of $1.50 by $0.19. Blackstone had a return on equity of 19.58% and a net margin of 20.99%. Equities research analysts predict that Blackstone Inc. will post 5.88 earnings per share for the current fiscal year.

Blackstone Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th will be paid a dividend of $1.44 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $5.76 dividend on an annualized basis and a dividend yield of 3.39%. This is a positive change from Blackstone’s previous quarterly dividend of $0.86. Blackstone’s dividend payout ratio (DPR) is 94.77%.

Wall Street Analysts Forecast Growth

BX has been the topic of a number of research reports. BMO Capital Markets upped their target price on shares of Blackstone from $134.00 to $157.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Cowen reiterated a “hold” rating on shares of Blackstone in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. lifted their target price on Blackstone from $149.00 to $154.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods lifted their price objective on Blackstone from $174.00 to $177.00 and gave the company a “market perform” rating in a report on Friday, January 31st. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $172.38.

Blackstone Company 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.