1 week Ago By ABMN Staff
Certuity LLC cut its holdings in Blackstone Inc. ( NYSE:BX – Free Report ) by 7.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
The institutional investor owned 4,902 shares of the asset manager’s stock after selling 415 shares during the period. Certuity LLC’s holdings in Blackstone were worth $607,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BX.
Aveo Capital Partners LLC acquired a new position in shares of Blackstone during the fourth quarter worth $217,000. Northwest Financial Advisors acquired a new stake in shares of Blackstone during the fourth quarter valued at about $25,000. Teacher Retirement System of Texas raised its position in shares of Blackstone by 5.
8% during the 4th quarter. Teacher Retirement System of Texas now owns 57,863 shares of the asset manager’s stock valued at $7,575,000 after acquiring an additional 3,155 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in Blackstone by 31.
6% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 13,324 shares of the asset manager’s stock valued at $1,744,000 after purchasing an additional 3,198 shares during the period. Finally, AGF Management Ltd.
increased its position in Blackstone by 27.7% in the fourth quarter. AGF Management Ltd.
now owns 8,507 shares of the asset manager’s stock worth $1,114,000 after buying an additional 1,847 shares during the period. Institutional investors and hedge funds own 70.00% of the company’s stock.
Wall Street Analyst Weigh In Several research firms have recently commented on BX. Deutsche Bank Aktiengesellschaft upped their price target on shares of Blackstone from $145.00 to $146.
00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Bank of America raised their price target on shares of Blackstone from $130.00 to $145.
00 and gave the company a “buy” rating in a research note on Friday, July 19th. Morgan Stanley increased their price objective on Blackstone from $144.00 to $164.
00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. TD Cowen boosted their price target on Blackstone from $114.00 to $120.
00 and gave the stock a “hold” rating in a research report on Friday, July 19th. Finally, Piper Sandler lifted their price objective on shares of Blackstone from $134.00 to $149.
00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Fourteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.
com, the company currently has an average rating of “Hold” and an average price target of $128.94. Insider Activity In related news, insider John G.
Finley sold 35,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $131.74, for a total transaction of $4,610,900.
00. Following the transaction, the insider now directly owns 429,386 shares of the company’s stock, valued at $56,567,311.64.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link . In other news, insider John G. Finley sold 35,000 shares of the company’s stock in a transaction on Wednesday, August 7th.
The shares were sold at an average price of $131.74, for a total value of $4,610,900.00.
Following the transaction, the insider now directly owns 429,386 shares of the company’s stock, valued at $56,567,311.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink .
Also, Director Joseph Baratta sold 116,448 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $123.00, for a total value of $14,323,104.
00. Following the completion of the transaction, the director now directly owns 921,184 shares in the company, valued at $113,305,632. The disclosure for this sale can be found here .
Corporate insiders own 1.00% of the company’s stock. Blackstone Price Performance NYSE BX opened at $137.
12 on Monday. The stock has a market capitalization of $97.99 billion, a P/E ratio of 48.
45, a P/E/G ratio of 1.22 and a beta of 1.51.
The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.77 and a current ratio of 0.
77. The business’s fifty day moving average is $134.22 and its two-hundred day moving average is $127.
69. Blackstone Inc. has a 1 year low of $88.
59 and a 1 year high of $145.16. Blackstone ( NYSE:BX – Get Free Report ) last released its quarterly earnings results on Thursday, July 18th.
The asset manager reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.
03). Blackstone had a net margin of 19.35% and a return on equity of 17.
43%. The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $2.
58 billion. During the same quarter last year, the business earned $0.93 EPS.
The company’s revenue for the quarter was up 166.9% compared to the same quarter last year. On average, research analysts forecast that Blackstone Inc.
will post 4.57 earnings per share for the current fiscal year. Blackstone Cuts Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, August 5th.
Shareholders of record on Monday, July 29th were given a dividend of $0.82 per share. This represents a $3.
28 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Monday, July 29th.
Blackstone’s payout ratio is 115.90%. Blackstone 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. See Also Receive News & Ratings for Blackstone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackstone and related companies with MarketBeat.
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