Graypoint LLC Has $5.93 Million Position in Blackstone Inc. (NYSE:BX)

Graypoint LLC increased its stake in shares of Blackstone Inc. (NYSE:BX) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,696 shares of the asset manager’s stock after acquiring an additional 854 shares during the period. Graypoint LLC’s holdings in Blackstone were worth $5,926,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BX. Chilton Capital Management LLC acquired a new position in Blackstone during the first quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Blackstone during the second quarter worth $26,000. EdgeRock Capital LLC bought a new stake in shares of Blackstone in the 2nd quarter valued at about $27,000. West Financial Advisors LLC bought a new stake in Blackstone in the third quarter valued at approximately $27,000. Finally, Bank & Trust Co acquired a new stake in Blackstone during the second quarter worth approximately $29,000. Institutional investors own 70.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on BX. Cowen restated a “hold” rating on shares of Blackstone in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft upped their price objective on Blackstone from $145.00 to $146.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Redburn Atlantic assumed coverage on shares of Blackstone in a research report on Tuesday, August 27th. They set a “neutral” rating and a $134.00 target price on the stock. JPMorgan Chase & Co. raised their price target on shares of Blackstone from $125.00 to $146.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, Citigroup increased their price objective on Blackstone from $157.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $155.38.

Blackstone Trading Up 4.0 %

NYSE BX opened at $176.38 on Thursday. The business has a fifty day simple moving average of $155.70 and a 200 day simple moving average of $137.33. The firm has a market capitalization of $127.01 billion, a P/E ratio of 60.61, a PEG ratio of 1.44 and a beta of 1.49. The company has a current ratio of 0.71, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. Blackstone Inc. has a 12 month low of $96.15 and a 12 month high of $178.30.

Blackstone Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Monday, October 28th were given a $0.86 dividend. This is a positive change from Blackstone’s previous quarterly dividend of $0.82. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Monday, October 28th. Blackstone’s dividend payout ratio (DPR) is 118.21%.

Insiders Place Their Bets

In related news, Director Joseph Baratta sold 116,448 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $150.81, for a total value of $17,561,522.88. Following the transaction, the director now owns 799,749 shares of the company’s stock, valued at $120,610,146.69. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

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.