Natixis Advisors LLC Purchases 121,998 Shares of Blackstone Inc. (NYSE:BX)

Natixis Advisors LLC raised its position in shares of Blackstone Inc. (NYSE:BXFree Report) by 37.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 451,137 shares of the asset manager’s stock after purchasing an additional 121,998 shares during the period. Natixis Advisors LLC owned about 0.06% of Blackstone worth $77,785,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Frank Rimerman Advisors LLC raised its position in Blackstone by 8.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 15,344 shares of the asset manager’s stock valued at $2,646,000 after purchasing an additional 1,166 shares in the last quarter. Catalyst Funds Management Pty Ltd bought a new position in shares of Blackstone in the 4th quarter worth $345,000. Atala Financial Inc bought a new position in shares of Blackstone in the 4th quarter worth $273,000. LBP AM SA bought a new position in shares of Blackstone in the 4th quarter worth $2,191,000. Finally, Madison Investment Advisors LLC bought a new position in shares of Blackstone in the 4th quarter worth $298,000. 70.00% of the stock is owned by institutional investors.

Insider Buying and Selling at Blackstone

In related news, Director Ruth Porat purchased 301 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $164.85 per share, with a total value of $49,619.85. Following the completion of the acquisition, the director now owns 36,829 shares in the company, valued at $6,071,260.65. This trade represents a 0.82 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.

Blackstone Stock Up 3.3 %

Shares of BX opened at $141.01 on Friday. The company has a market capitalization of $102.86 billion, a price-to-earnings ratio of 38.85, a PEG ratio of 1.07 and a beta of 1.55. Blackstone Inc. has a 52 week low of $115.82 and a 52 week high of $200.96. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.61. The stock’s 50-day moving average price is $165.90 and its 200-day moving average price is $167.02.

Blackstone (NYSE:BXGet Free Report) last released its quarterly earnings results on Thursday, January 30th. The asset manager reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.19. Blackstone had a return on equity of 19.58% and a net margin of 20.99%. On average, sell-side analysts predict that Blackstone Inc. will post 5.87 EPS for the current year.

Blackstone Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were issued a dividend of $1.44 per share. The ex-dividend date was Monday, February 10th. This represents a $5.76 dividend on an annualized basis and a dividend yield of 4.08%. This is a boost from Blackstone’s previous quarterly dividend of $0.86. Blackstone’s dividend payout ratio is presently 158.68%.

Analysts Set New Price Targets

Several research firms have recently commented on BX. JPMorgan Chase & Co. boosted their price target on Blackstone from $149.00 to $154.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. StockNews.com downgraded Blackstone from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Wells Fargo & Company dropped their target price on Blackstone from $195.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. TD Cowen upgraded Blackstone from a “hold” rating to a “buy” rating and boosted their target price for the stock from $149.00 to $230.00 in a research note on Monday, December 9th. Finally, BMO Capital Markets boosted their price target on Blackstone from $134.00 to $157.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $172.38.

Read Our Latest Stock Analysis on BX

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.

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Institutional Ownership by Quarter for Blackstone (NYSE:BX)

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