Blackstone Inc. (NYSE:BX) Shares Bought by Compass Ion Advisors LLC

Compass Ion Advisors LLC raised its position in Blackstone Inc. (NYSE:BX) by 0.5% in the 4th quarter, Holdings Channel reports. The fund owned 25,900 shares of the asset manager’s stock after acquiring an additional 133 shares during the period. Compass Ion Advisors LLC’s holdings in Blackstone were worth $4,466,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bangor Savings Bank lifted its stake in shares of Blackstone by 187.5% in the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 105 shares during the period. Hager Investment Management Services LLC acquired a new stake in shares of Blackstone in 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. Roxbury Financial LLC acquired a new stake in shares of Blackstone in the fourth quarter valued at about $34,000. Finally, Berbice Capital Management LLC acquired a new position in Blackstone during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on BX shares. TD Cowen upgraded shares of Blackstone from a “hold” rating to a “buy” rating and lifted their target price for the stock from $149.00 to $230.00 in a research report on Monday, December 9th. StockNews.com cut shares of Blackstone from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. UBS Group upgraded shares of Blackstone from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research report on Monday. Piper Sandler lifted their target price on shares of Blackstone from $168.00 to $179.00 and gave the stock a “neutral” rating in a research report on Monday, December 23rd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Blackstone from $174.00 to $177.00 and gave the stock a “market perform” rating in a report on Friday, January 31st. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $172.38.

Blackstone Trading Down 1.1 %

NYSE BX opened at $146.11 on Wednesday. The stock has a market cap of $106.58 billion, a P/E ratio of 40.25, a PEG ratio of 1.07 and a beta of 1.55. Blackstone Inc. has a 52 week low of $115.82 and a 52 week high of $200.96. The company’s fifty day simple moving average is $164.85 and its 200-day simple moving average is $167.29. The company has a current ratio of 0.67, a quick ratio of 0.71 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 earnings per share for the quarter, topping 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 research analysts predict that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were issued a dividend of $1.44 per share. This represents a $5.76 dividend on an annualized basis and a dividend yield of 3.94%. This is a boost from Blackstone’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Monday, February 10th. Blackstone’s dividend payout ratio is 158.68%.

Insiders Place Their Bets

In other news, Director Ruth Porat purchased 301 shares of the stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average price of $164.85 per share, for a total transaction of $49,619.85. Following the completion of the transaction, the director now owns 36,829 shares of the company’s stock, valued at approximately $6,071,260.65. The trade was a 0.82 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

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.