Blackstone Inc. (NYSE:BX) Shares Acquired by Callan Family Office LLC

Callan Family Office LLC boosted its stake in Blackstone Inc. (NYSE:BX) by 354.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,359 shares of the asset manager’s stock after acquiring an additional 8,078 shares during the period. Callan Family Office LLC’s holdings in Blackstone were worth $1,786,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Sather Financial Group Inc grew its stake in Blackstone by 202.5% during the 3rd quarter. Sather Financial Group Inc now owns 6,050 shares of the asset manager’s stock worth $926,000 after buying an additional 4,050 shares during the last quarter. Portside Wealth Group LLC purchased a new stake in Blackstone in the 3rd quarter valued at $201,000. Aljian Capital Management LLC acquired a new stake in Blackstone during the 3rd quarter worth $1,951,000. Icon Wealth Advisors LLC increased its stake in Blackstone by 2,185.4% in the third quarter. Icon Wealth Advisors LLC now owns 18,946 shares of the asset manager’s stock valued at $2,901,000 after purchasing an additional 18,117 shares during the period. Finally, Wealthcare Capital Partners LLC purchased a new position in shares of Blackstone during the fourth quarter worth about $2,102,000. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Blackstone from $172.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com cut shares of Blackstone from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Piper Sandler increased their price target on shares of Blackstone from $168.00 to $179.00 and gave the stock a “neutral” rating in a report on Monday, December 23rd. BMO Capital Markets increased their target price on Blackstone from $134.00 to $157.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th. Finally, Barclays restated an “equal weight” rating on shares of Blackstone in a research note on Friday, February 7th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Blackstone currently has an average rating of “Hold” and an average price target of $172.38.

Insider Activity at Blackstone

In other Blackstone news, Director Ruth Porat bought 301 shares of Blackstone stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average cost of $164.85 per share, for a total transaction of $49,619.85. Following the completion of the transaction, the director now owns 36,829 shares of the company’s stock, valued at $6,071,260.65. This represents a 0.82 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

Blackstone Stock Down 0.3 %

Shares of NYSE BX opened at $145.12 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.67 and a quick ratio of 0.71. Blackstone Inc. has a 12-month low of $115.82 and a 12-month high of $200.96. The company has a market capitalization of $104.78 billion, a PE ratio of 39.98, a price-to-earnings-growth ratio of 1.07 and a beta of 1.55. The firm’s 50-day moving average is $169.33 and its two-hundred day moving average is $166.76.

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

Blackstone Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 10th were issued 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 dividend on an annualized basis and a dividend yield of 3.97%. Blackstone’s payout ratio is 158.68%.

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.