Blackstone Inc. (NYSE:BX) Shares Acquired by Howland Capital Management LLC

Howland Capital Management LLC increased its stake in shares of Blackstone Inc. (NYSE:BX) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,337 shares of the asset manager’s stock after purchasing an additional 1,983 shares during the period. Howland Capital Management LLC’s holdings in Blackstone were worth $7,472,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of BX. Bangor Savings Bank raised its position in shares of Blackstone by 187.5% during the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock worth $28,000 after purchasing an additional 105 shares during the last quarter. Hager Investment Management Services LLC purchased a new stake in Blackstone during the 4th quarter valued at about $28,000. Berbice Capital Management LLC purchased a new stake in Blackstone during the 4th quarter valued at about $34,000. Raleigh Capital Management Inc. grew its stake in Blackstone by 32.1% during the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 62 shares in the last quarter. Finally, Kieckhefer Group LLC purchased a new stake in Blackstone during the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Blackstone Price Performance

Blackstone stock opened at $170.11 on Friday. Blackstone Inc. has a 52-week low of $115.82 and a 52-week high of $200.96. The company’s 50 day moving average is $178.36 and its two-hundred day moving average is $163.48. The firm has a market cap of $122.82 billion, a PE ratio of 46.86, a price-to-earnings-growth ratio of 1.13 and a beta of 1.53. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.61.

Blackstone (NYSE:BX) last announced its quarterly earnings data 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%. On average, research analysts expect that Blackstone Inc. will post 5.88 EPS for the current fiscal year.

Blackstone Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 10th will be given a $1.44 dividend. This represents a $5.76 dividend on an annualized basis and a dividend yield of 3.39%. This is an increase from Blackstone’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Monday, February 10th. Blackstone’s dividend payout ratio (DPR) is 94.77%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of Blackstone from $134.00 to $157.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. increased their price target on shares of Blackstone from $149.00 to $154.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Evercore ISI increased their price target on shares of Blackstone from $148.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Barclays decreased their price objective on shares of Blackstone from $192.00 to $186.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Blackstone presently has a consensus rating of “Hold” and an average target price of $172.38.

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.