Private Wealth Partners LLC Has $6.35 Million Position in Blackstone Inc. (NYSE:BX)

Private Wealth Partners LLC lifted its stake in shares of Blackstone Inc. (NYSE:BX) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,806 shares of the asset manager’s stock after purchasing an additional 1,172 shares during the quarter. Private Wealth Partners LLC’s holdings in Blackstone were worth $6,346,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bangor Savings Bank increased its stake in shares of Blackstone by 187.5% in the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 105 shares during the last quarter. Hager Investment Management Services LLC acquired a new stake in Blackstone in the fourth quarter valued at about $28,000. Berbice Capital Management LLC acquired a new position in Blackstone during the fourth quarter worth about $34,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Blackstone in the 4th quarter valued at approximately $34,000. Finally, Roxbury Financial LLC acquired a new position in Blackstone during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BX. BMO Capital Markets upped their price target on shares of Blackstone from $134.00 to $157.00 and gave the stock a “market perform” rating in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft increased their target price on Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, November 11th. UBS Group upped their price objective on Blackstone from $170.00 to $180.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Piper Sandler boosted their target price on shares of Blackstone from $168.00 to $179.00 and gave the stock a “neutral” rating in a report on Monday, December 23rd. Finally, Wells Fargo & Company dropped their price target on shares of Blackstone from $195.00 to $180.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $172.38.

Blackstone Stock Up 0.0 %

Shares of NYSE:BX opened at $166.81 on Thursday. The company has a market capitalization of $120.44 billion, a price-to-earnings ratio of 45.95, a P/E/G ratio of 1.07 and a beta of 1.53. The business’s 50-day moving average is $174.71 and its 200-day moving average is $165.04. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.67 and a quick ratio of 0.71. Blackstone Inc. has a 1 year low of $115.82 and a 1 year high of $200.96.

Blackstone (NYSE:BX) last announced its quarterly earnings data on Thursday, January 30th. The asset manager reported $1.69 EPS for the quarter, topping the consensus estimate of $1.50 by $0.19. Blackstone had a net margin of 20.99% and a return on equity of 19.58%. Equities research analysts predict that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were paid a $1.44 dividend. The ex-dividend date was Monday, February 10th. This is an increase from Blackstone’s previous quarterly dividend of $0.86. This represents a $5.76 annualized dividend and a dividend yield of 3.45%. Blackstone’s dividend payout ratio (DPR) is currently 158.68%.

Blackstone 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.