Vaughan David Investments LLC IL grew its position in shares of Blackstone Inc. (NYSE:BX – Get Rating) by 77.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,900 shares of the asset manager’s stock after buying an additional 1,700 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Blackstone were worth $505,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the business. Rational Advisors LLC raised its position in Blackstone by 84.3% during the 4th quarter. Rational Advisors LLC now owns 43,300 shares of the asset manager’s stock worth $5,603,000 after buying an additional 19,800 shares during the last quarter. BRYN MAWR TRUST Co grew its stake in shares of Blackstone by 38.0% during the 4th quarter. BRYN MAWR TRUST Co now owns 3,225 shares of the asset manager’s stock worth $417,000 after purchasing an additional 888 shares during the period. Fort Sheridan Advisors LLC grew its stake in shares of Blackstone by 1.4% during the 4th quarter. Fort Sheridan Advisors LLC now owns 57,497 shares of the asset manager’s stock worth $7,440,000 after purchasing an additional 785 shares during the period. Regal Investment Advisors LLC acquired a new position in shares of Blackstone during the 4th quarter worth $243,000. Finally, Monograph Wealth Advisors LLC acquired a new position in shares of Blackstone during the 4th quarter worth $236,000. Institutional investors own 63.68% of the company’s stock.
In related news, Director Ruth Porat acquired 5,000 shares of the business’s stock in a transaction dated Friday, February 25th. The shares were acquired at an average cost of $126.21 per share, for a total transaction of $631,050.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Holdings L.P. Blackstone III sold 5,225 shares of the stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $60.02, for a total transaction of $313,604.50. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 2,510,094 shares of company stock worth $11,189,865 and have sold 1,090,152 shares worth $66,040,454. Corporate insiders own 1.00% of the company’s stock.
Blackstone (NYSE:BX – Get Rating) last released its earnings results on Thursday, April 21st. The asset manager reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.48. The company had revenue of $5.13 billion for the quarter, compared to analyst estimates of $2.54 billion. Blackstone had a net margin of 23.77% and a return on equity of 19.20%. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. As a group, research analysts forecast that Blackstone Inc. will post 5.71 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 9th. Stockholders of record on Monday, May 2nd were issued a dividend of $1.32 per share. This is a positive change from Blackstone’s previous quarterly dividend of $0.93. This represents a $5.28 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend was Friday, April 29th. Blackstone’s dividend payout ratio is presently 71.93%.
A number of equities analysts have recently weighed in on BX shares. BMO Capital Markets upped their price target on shares of Blackstone from $124.00 to $142.00 and gave the stock an “outperform” rating in a research note on Friday, April 22nd. Exane BNP Paribas cut shares of Blackstone from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 7th. Morgan Stanley lowered their price target on shares of Blackstone from $166.00 to $154.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 20th. Citigroup lowered their price objective on shares of Blackstone from $132.50 to $117.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 12th. Finally, Zacks Investment Research raised shares of Blackstone from a “sell” rating to a “hold” rating and set a $125.00 price objective on the stock in a research note on Thursday, April 7th. Seven investment 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.com, Blackstone has a consensus rating of “Hold” and a consensus price target of $139.73.
Blackstone Company Profile (Get Rating)
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.
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