Blackstone Inc. (NYSE:BX) Shares Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI increased its stake in shares of Blackstone Inc. (NYSE:BX) by 16.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,764 shares of the asset manager’s stock after purchasing an additional 815 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Blackstone were worth $992,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its holdings in Blackstone by 0.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 13,926 shares of the asset manager’s stock worth $2,132,000 after buying an additional 64 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Blackstone by 19.4% during the 3rd quarter. Van ECK Associates Corp now owns 20,094 shares of the asset manager’s stock worth $3,355,000 after buying an additional 3,271 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Blackstone by 27.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,438 shares of the asset manager’s stock worth $2,670,000 after buying an additional 3,762 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Blackstone by 7.1% during the 3rd quarter. QRG Capital Management Inc. now owns 109,720 shares of the asset manager’s stock worth $16,801,000 after buying an additional 7,245 shares during the last quarter. Finally, PDS Planning Inc lifted its holdings in Blackstone by 6.0% during the 3rd quarter. PDS Planning Inc now owns 2,094 shares of the asset manager’s stock worth $321,000 after buying an additional 119 shares during the last quarter. 70.00% of the stock is owned by institutional investors and hedge funds.

Blackstone Stock Down 5.0 %

Shares of NYSE BX opened at $150.59 on Wednesday. Blackstone Inc. has a 12-month low of $115.82 and a 12-month high of $200.96. The company has a market cap of $108.73 billion, a P/E ratio of 41.49, a P/E/G ratio of 1.07 and a beta of 1.55. The company has a current ratio of 0.67, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average price of $170.99 and a 200 day moving average price of $166.94.

Blackstone (NYSE:BX) last announced its earnings results on Thursday, January 30th. The asset manager reported $1.69 earnings per share for the quarter, beating 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%. Research analysts anticipate that Blackstone Inc. will post 5.87 EPS for the current fiscal year.

Blackstone Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were paid a dividend of $1.44 per share. The ex-dividend date was Monday, February 10th. This is an increase from Blackstone’s previous quarterly dividend of $0.86. This represents a $5.76 annualized dividend and a dividend yield of 3.82%. Blackstone’s dividend payout ratio (DPR) is currently 158.68%.

Insider Buying and Selling

In other news, Director Ruth Porat purchased 301 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of $164.85 per share, for a total transaction of $49,619.85. Following the completion of the purchase, the director now owns 36,829 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

BX has been the subject of several research reports. UBS Group reissued a “neutral” rating on shares of Blackstone in a report on Monday. Deutsche Bank Aktiengesellschaft boosted their target price on Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a report on Monday, November 11th. Wells Fargo & Company reduced their target price on Blackstone from $195.00 to $180.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their target price on Blackstone from $174.00 to $177.00 and gave the company a “market perform” rating in a report on Friday, January 31st. Finally, Piper Sandler upped their price objective on Blackstone from $168.00 to $179.00 and gave the company a “neutral” rating in a research note on Monday, December 23rd. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.