Stratos Wealth Partners LTD. Has $13.05 Million Stock Position in Blackstone Inc. (NYSE:BX)

Stratos Wealth Partners LTD. lowered its position in Blackstone Inc. (NYSE:BX) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,661 shares of the asset manager’s stock after selling 253 shares during the period. Stratos Wealth Partners LTD.’s holdings in Blackstone were worth $13,046,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in Blackstone by 123.6% in the 2nd quarter. AQR Capital Management LLC now owns 19,812 shares of the asset manager’s stock valued at $2,453,000 after buying an additional 10,952 shares during the last quarter. Czech National Bank boosted its position in Blackstone by 7.7% during the third quarter. Czech National Bank now owns 146,687 shares of the asset manager’s stock valued at $22,462,000 after purchasing an additional 10,504 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Blackstone by 53.0% during the 3rd quarter. GAMMA Investing LLC now owns 8,137 shares of the asset manager’s stock worth $1,246,000 after purchasing an additional 2,819 shares during the last quarter. Diversified Trust Co boosted its holdings in shares of Blackstone by 1.7% in the 3rd quarter. Diversified Trust Co now owns 8,804 shares of the asset manager’s stock valued at $1,348,000 after buying an additional 143 shares during the last quarter. Finally, Fulton Bank N.A. increased its holdings in Blackstone by 1.1% during the third quarter. Fulton Bank N.A. now owns 11,099 shares of the asset manager’s stock worth $1,700,000 after buying an additional 118 shares during the last quarter. Institutional investors own 70.00% of the company’s stock.

Blackstone Stock Down 1.5 %

Shares of NYSE:BX opened at $170.86 on Wednesday. The business has a fifty day moving average price of $179.76 and a two-hundred day moving average price of $162.89. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.67 and a quick ratio of 0.71. The company has a market capitalization of $123.36 billion, a PE ratio of 47.07, a price-to-earnings-growth ratio of 1.18 and a beta of 1.53. Blackstone Inc. has a 1 year low of $115.82 and a 1 year high of $200.96.

Blackstone (NYSE:BX) last released its earnings results on Thursday, January 30th. The asset manager reported $1.69 earnings per share for the quarter, beating 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%. Analysts forecast that Blackstone Inc. will post 5.86 earnings per share for the current year.

Blackstone Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th will be given a $1.44 dividend. This is a positive change from Blackstone’s previous quarterly dividend of $0.86. This represents a $5.76 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Monday, February 10th. Blackstone’s dividend payout ratio (DPR) is 94.77%.

Wall Street Analysts Forecast Growth

BX has been the topic of several research analyst reports. Barclays dropped their price objective on shares of Blackstone from $192.00 to $186.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Citigroup raised their price objective on Blackstone from $170.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. The Goldman Sachs Group lifted their price target on shares of Blackstone from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods raised their target price on Blackstone from $174.00 to $177.00 and gave the company a “market perform” rating in a research note on Friday, January 31st. Finally, Bank of America raised their price objective on Blackstone from $171.00 to $192.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $172.38.

Insider Buying and Selling

In other news, insider John G. Finley sold 42,249 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $175.94, for a total transaction of $7,433,289.06. Following the transaction, the insider now directly owns 387,137 shares of the company’s stock, valued at approximately $68,112,883.78. This trade represents a 9.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

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.