2 weeks Ago By ABMN Staff
Mark Asset Management LP lifted its holdings in shares of Blackstone Inc. ( NYSE:BX – Free Report ) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the SEC.
The institutional investor owned 86,929 shares of the asset manager’s stock after acquiring an additional 1,254 shares during the period. Blackstone accounts for approximately 1.1% of Mark Asset Management LP’s investment portfolio, making the stock its 21st biggest holding.
Mark Asset Management LP’s holdings in Blackstone were worth $10,762,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BX. TD Asset Management Inc boosted its holdings in shares of Blackstone by 8.
9% in the fourth quarter. TD Asset Management Inc now owns 254,099 shares of the asset manager’s stock valued at $33,267,000 after acquiring an additional 20,830 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Blackstone by 1.
8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 431,784 shares of the asset manager’s stock valued at $53,455,000 after acquiring an additional 7,692 shares during the last quarter. Norden Group LLC grew its stake in shares of Blackstone by 2,072.
0% in the 1st quarter. Norden Group LLC now owns 36,555 shares of the asset manager’s stock valued at $4,802,000 after purchasing an additional 34,872 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Blackstone by 10.
9% during the fourth quarter. Fisher Asset Management LLC now owns 4,688 shares of the asset manager’s stock worth $614,000 after purchasing an additional 459 shares during the period. Finally, Secured Retirement Advisors LLC acquired a new position in Blackstone in the 4th quarter valued at $1,073,000.
70.00% of the stock is owned by institutional investors and hedge funds. Wall Street Analyst Weigh In BX has been the topic of a number of recent analyst reports.
TD Cowen boosted their price target on shares of Blackstone from $114.00 to $120.00 and gave the stock a “hold” rating in a research note on Friday, July 19th.
Morgan Stanley lifted their price target on Blackstone from $144.00 to $164.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd.
Bank of America raised their target price on Blackstone from $130.00 to $145.00 and gave the company a “buy” rating in a report on Friday, July 19th.
Redburn Atlantic initiated coverage on shares of Blackstone in a report on Tuesday, August 27th. They issued a “neutral” rating and a $134.00 price target for the company.
Finally, Barclays increased their target price on shares of Blackstone from $126.00 to $141.00 and gave the company an “equal weight” rating in a report on Friday, July 19th.
Fourteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Blackstone presently has a consensus rating of “Hold” and a consensus target price of $130.
78. Blackstone Price Performance Blackstone stock opened at $153.47 on Friday.
The company has a debt-to-equity ratio of 0.60, a current ratio of 0.77 and a quick ratio of 0.
77. The stock has a market capitalization of $109.68 billion, a P/E ratio of 54.
23, a P/E/G ratio of 1.34 and a beta of 1.51.
The firm’s 50-day moving average is $140.85 and its two-hundred day moving average is $130.02.
Blackstone Inc. has a 12-month low of $88.59 and a 12-month high of $161.
25. Blackstone ( NYSE:BX – Get Free Report ) last issued its quarterly earnings results on Thursday, July 18th. The asset manager reported $0.
96 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.03).
The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $2.58 billion.
Blackstone had a net margin of 19.35% and a return on equity of 17.43%.
The company’s revenue was up 166.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.
93 earnings per share. Equities analysts predict that Blackstone Inc. will post 4.
57 earnings per share for the current year. Blackstone Cuts Dividend The business also recently announced a quarterly dividend, which was paid on Monday, August 5th. Investors of record on Monday, July 29th were issued a $0.
82 dividend. The ex-dividend date was Monday, July 29th. This represents a $3.
28 dividend on an annualized basis and a yield of 2.14%. Blackstone’s payout ratio is 115.
90%. Insider Buying and Selling at Blackstone In other news, Director Joseph Baratta sold 116,448 shares of Blackstone 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 transaction, the director now directly owns 921,184 shares of the company’s stock, valued at approximately $113,305,632.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . In other news, Director Joseph Baratta sold 116,448 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $123.
00, for a total value of $14,323,104.00. Following the transaction, the director now owns 921,184 shares of the company’s stock, valued at approximately $113,305,632.
The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . Also, insider John G. Finley sold 35,000 shares of the 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 completion of the sale, the insider now owns 429,386 shares of the company’s stock, valued at $56,567,311.64. The disclosure for this sale can be found here .
1.00% of the stock is owned by company insiders. About Blackstone ( 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 Want to see what other hedge funds are holding BX? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Blackstone Inc. ( NYSE:BX – Free Report ). 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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