Portside Wealth Group LLC bought a brand new stake in Blackstone Inc. (NYSE:BX – Free Report) through the third quarter, in keeping with the corporate in its most up-to-date Type 13F submitting with the Securities & Alternate Fee. The agency bought 1,315 shares of the asset supervisor’s inventory, valued at roughly $201,000.
Different massive buyers have additionally modified their holdings of the corporate. Wealth Enhancement Advisory Companies LLC lifted its place in Blackstone by 1.8% through the 2nd quarter. Wealth Enhancement Advisory Companies LLC now owns 431,784 shares of the asset supervisor’s inventory price $53,455,000 after buying a further 7,692 shares over the last quarter. Blue Belief Inc. lifted its place in shares of Blackstone by 936.2% through the 2nd quarter. Blue Belief Inc. now owns 5,958 shares of the asset supervisor’s inventory price $783,000 after buying a further 5,383 shares over the last quarter. Asahi Life Asset Administration CO. LTD. acquired a brand new stake in Blackstone within the third quarter valued at roughly $557,000. Scientech Analysis LLC acquired a brand new place in shares of Blackstone through the second quarter price roughly $1,364,000. Lastly, EverSource Wealth Advisors LLC grew its stake in shares of Blackstone by 11.3% within the second quarter. EverSource Wealth Advisors LLC now owns 54,159 shares of the asset supervisor’s inventory price $6,705,000 after buying a further 5,479 shares over the last quarter. 70.00% of the inventory is owned by institutional buyers.
Insiders Place Their Bets
In associated information, insider John G. Finley bought 42,249 shares of Blackstone inventory in a transaction on Thursday, November seventh. The inventory was bought at a median value of $175.94, for a complete transaction of $7,433,289.06. Following the completion of the sale, the insider now instantly owns 387,137 shares of the corporate’s inventory, valued at $68,112,883.78. The commerce was a 0.00 % lower of their possession of the inventory. The sale was disclosed in a doc filed with the Securities & Alternate Fee, which is offered at this hyperlink. In associated information, Director Joseph Baratta bought 116,448 shares of the agency’s inventory in a transaction on Tuesday, October 1st. The inventory was bought at a median value of $150.81, for a complete transaction of $17,561,522.88. Following the sale, the director now owns 799,749 shares of the corporate’s inventory, valued at roughly $120,610,146.69. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a submitting with the SEC, which will be accessed by means of this hyperlink. Additionally, insider John G. Finley bought 42,249 shares of the enterprise’s inventory in a transaction dated Thursday, November seventh. The shares had been bought at a median value of $175.94, for a complete worth of $7,433,289.06. Following the completion of the transaction, the insider now instantly owns 387,137 shares of the corporate’s inventory, valued at roughly $68,112,883.78. The commerce was a 0.00 % lower of their possession of the inventory. The disclosure for this sale will be discovered right here. Firm insiders personal 1.00% of the corporate’s inventory.
Blackstone Inventory Up 0.7 %
Shares of NYSE:BX opened at $177.46 on Friday. Blackstone Inc. has a 12 month low of $96.15 and a 12 month excessive of $178.63. The agency has a market cap of $128.13 billion, a P/E ratio of 60.98, a P/E/G ratio of 1.51 and a beta of 1.49. The corporate has a fast ratio of 0.77, a present ratio of 0.71 and a debt-to-equity ratio of 0.58. The corporate’s 50-day transferring common value is $157.11 and its two-hundred day transferring common value is $137.98.
Blackstone (NYSE:BX – Get Free Report) final posted its quarterly earnings information on Thursday, October seventeenth. The asset supervisor reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.10. The agency had income of $2.43 billion for the quarter, in comparison with the consensus estimate of $2.37 billion. Blackstone had a return on fairness of 17.53% and a web margin of 19.46%. As a bunch, analysis analysts forecast that Blackstone Inc. will put up 4.39 EPS for the present fiscal yr.
Blackstone Will increase Dividend
The agency additionally just lately disclosed a quarterly dividend, which was paid on Monday, November 4th. Traders of document on Monday, October twenty eighth had been issued a $0.86 dividend. This can be a constructive change from Blackstone’s earlier quarterly dividend of $0.82. This represents a $3.44 annualized dividend and a yield of 1.94%. The ex-dividend date was Monday, October twenty eighth. Blackstone’s dividend payout ratio is at present 118.21%.
Analyst Upgrades and Downgrades
BX has been the subject of a number of analysis analyst reviews. Morgan Stanley raised their value goal on shares of Blackstone from $164.00 to $177.00 and gave the inventory an “chubby” ranking in a analysis report on Thursday, October tenth. Barclays upped their value goal on Blackstone from $155.00 to $174.00 and gave the corporate an “equal weight” ranking in a report on Friday, October 18th. UBS Group upped their goal value on Blackstone from $140.00 to $160.00 and gave the corporate a “impartial” ranking in a analysis notice on Wednesday, October sixteenth. Evercore ISI elevated their value goal on shares of Blackstone from $148.00 to $155.00 and gave the corporate an “outperform” ranking in a analysis notice on Monday, October 14th. Lastly, TD Cowen upped their goal value on shares of Blackstone from $133.00 to $149.00 and gave the corporate a “maintain” ranking in a analysis notice on Friday, October 18th. 13 funding analysts have rated the inventory with a maintain ranking and 6 have given a purchase ranking to the corporate’s inventory. Based on information from MarketBeat, Blackstone has a consensus ranking of “Maintain” and a median value goal of $155.38.
View Our Newest Inventory Evaluation on Blackstone
Blackstone Profile
Blackstone Inc is another asset administration agency specializing in actual property, personal fairness, hedge fund options, credit score, secondary funds of funds, public debt and fairness and multi-asset class methods. The agency sometimes invests in early-stage corporations. It additionally present capital markets providers.
See Additionally
Need to see what different hedge funds are holding BX? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Blackstone Inc. (NYSE:BX – Free Report).
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