Country Club Bank Has $1.90 Million Stock Position in Blackstone Inc. (NYSE:BX)

Country Club Bank raised its holdings in Blackstone Inc. (NYSE:BX) by 5.4% in the fourth quarter, Holdings Channel reports. The fund owned 11,055 shares of the asset manager’s stock after acquiring an additional 570 shares during the period. Country Club Bank’s holdings in Blackstone were worth $1,902,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BX. Bangor Savings Bank lifted its holdings in shares of Blackstone by 187.5% in the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 105 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in Blackstone during the 4th quarter worth approximately $28,000. West Financial Advisors LLC acquired a new stake in shares of Blackstone in the third quarter valued at approximately $27,000. Berbice Capital Management LLC acquired a new position in Blackstone during the fourth quarter worth $34,000. Finally, Kieckhefer Group LLC acquired a new stake in Blackstone in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Blackstone Trading Up 2.4 %

Shares of Blackstone stock opened at $174.99 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.67. The stock has a market cap of $126.34 billion, a PE ratio of 48.21, a PEG ratio of 1.18 and a beta of 1.53. Blackstone Inc. has a 52-week low of $115.82 and a 52-week high of $200.96. The firm has a 50-day moving average of $179.34 and a 200-day moving average of $163.11.

Blackstone (NYSE:BX) last released its earnings results on Thursday, January 30th. The asset manager reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.19. Blackstone had a return on equity of 19.58% and a net margin of 20.99%. As a group, sell-side analysts forecast that Blackstone Inc. will post 5.86 EPS for the current year.

Blackstone Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 10th will be paid a $1.44 dividend. The ex-dividend date is Monday, February 10th. This is a positive change from Blackstone’s previous quarterly dividend of $0.86. This represents a $5.76 annualized dividend and a yield of 3.29%. Blackstone’s dividend payout ratio (DPR) is 94.77%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Blackstone from $149.00 to $154.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Cowen reissued a “hold” rating on shares of Blackstone in a report on Friday, October 18th. Evercore ISI upped their price target on shares of Blackstone from $148.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. BMO Capital Markets boosted their price objective on shares of Blackstone from $134.00 to $157.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. Finally, StockNews.com cut Blackstone from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Thirteen investment 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.com, Blackstone has a consensus rating of “Hold” and a consensus price target of $172.38.

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.