Duncker Streett & Co. Inc. Reduces Position in Blackstone Inc. (NYSE:BX)

Duncker Streett & Co. Inc. reduced its stake in Blackstone Inc. (NYSE:BX) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,297 shares of the asset manager’s stock after selling 300 shares during the quarter. Blackstone accounts for 1.3% of Duncker Streett & Co. Inc.’s investment portfolio, making the stock its 15th biggest holding. Duncker Streett & Co. Inc.’s holdings in Blackstone were worth $7,120,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp grew its holdings in Blackstone by 1.2% during the third quarter. State Street Corp now owns 30,020,426 shares of the asset manager’s stock worth $4,597,028,000 after acquiring an additional 348,751 shares during the period. Geode Capital Management LLC grew its holdings in Blackstone by 2.3% during the third quarter. Geode Capital Management LLC now owns 14,896,413 shares of the asset manager’s stock worth $2,272,227,000 after acquiring an additional 336,308 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Blackstone by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,931,411 shares of the asset manager’s stock worth $602,017,000 after acquiring an additional 61,739 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Blackstone by 3.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,430,909 shares of the asset manager’s stock worth $525,375,000 after acquiring an additional 116,367 shares during the period. Finally, FMR LLC grew its holdings in Blackstone by 6.1% during the third quarter. FMR LLC now owns 2,155,068 shares of the asset manager’s stock worth $330,006,000 after acquiring an additional 124,462 shares during the period. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Blackstone news, Director Ruth Porat acquired 301 shares of the stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of $164.85 per share, for a total transaction of $49,619.85. Following the purchase, the director now directly 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Blackstone Stock Performance

NYSE BX opened at $161.01 on Friday. The business’s 50-day moving average price is $171.77 and its 200 day moving average price is $166.46. Blackstone Inc. has a twelve month low of $115.82 and a twelve month high of $200.96. The company has a market capitalization of $116.25 billion, a PE ratio of 44.35, a price-to-earnings-growth ratio of 1.07 and a beta of 1.53. The company has a current ratio of 0.67, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61.

Blackstone (NYSE:BX) last announced its quarterly earnings results 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 return on equity of 19.58% and a net margin of 20.99%. On average, research analysts predict that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Increases Dividend

The business 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 of this dividend was Monday, February 10th. This represents a $5.76 dividend on an annualized basis and a dividend yield of 3.58%. This is a positive change from Blackstone’s previous quarterly dividend of $0.86. Blackstone’s dividend payout ratio (DPR) is 158.68%.

Analyst Ratings Changes

BX has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Blackstone from $172.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. 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 report on Monday, December 9th. StockNews.com downgraded Blackstone from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. UBS Group boosted their target price on Blackstone from $170.00 to $180.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, BMO Capital Markets upped their price objective on Blackstone from $134.00 to $157.00 and gave the company a “market perform” rating in a research report on Thursday, December 19th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Blackstone presently has an average rating of “Hold” and a consensus price target of $172.38.

About Blackstone

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.