Mariner LLC Has $67.99 Million Stock Holdings in Blackstone Inc. (NYSE:BX)

Mariner LLC increased its stake in Blackstone Inc. (NYSE:BX) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 394,348 shares of the asset manager’s stock after purchasing an additional 17,877 shares during the quarter. Mariner LLC owned approximately 0.05% of Blackstone worth $67,993,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Bangor Savings Bank grew its stake in Blackstone by 187.5% during the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 105 shares in the last quarter. Hager Investment Management Services LLC purchased a new position in Blackstone during the fourth quarter valued at approximately $28,000. Centricity Wealth Management LLC purchased a new stake in Blackstone in the 4th quarter worth approximately $30,000. Roxbury Financial LLC purchased a new position in shares of Blackstone during the 4th quarter valued at $34,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Blackstone during the fourth quarter worth $33,000. 70.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on BX. Piper Sandler cut their price target on Blackstone from $182.00 to $140.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. JMP Securities upgraded shares of Blackstone from a “market perform” rating to a “market outperform” rating and set a $165.00 target price for the company in a research note on Tuesday, April 8th. Wells Fargo & Company cut their price target on shares of Blackstone from $160.00 to $139.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Bank of America decreased their price objective on shares of Blackstone from $219.00 to $207.00 and set a “buy” rating for the company in a report on Friday, April 4th. Finally, Barclays reduced their price target on Blackstone from $186.00 to $129.00 and set an “equal weight” rating for the company in a research report on Monday, April 7th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $155.72.

Insider Buying and Selling at Blackstone

In other news, Director Ruth Porat bought 301 shares of Blackstone stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price of $164.85 per share, for a total transaction of $49,619.85. Following 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 filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.00% of the company’s stock.

Blackstone Stock Up 2.5 %

BX stock opened at $130.30 on Tuesday. The business’s 50-day simple moving average is $148.21 and its 200 day simple moving average is $165.54. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.61. The company has a market cap of $95.04 billion, a PE ratio of 35.90, a price-to-earnings-growth ratio of 1.07 and a beta of 1.61. Blackstone Inc. has a twelve month low of $115.66 and a twelve month high of $200.96.

Blackstone (NYSE:BX) last released its quarterly earnings data on Thursday, January 30th. The asset manager reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 anticipate that Blackstone Inc. will post 5.87 earnings per share for the current year.

Blackstone Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 10th were paid a dividend of $1.44 per share. This is a boost from Blackstone’s previous quarterly dividend of $0.86. The ex-dividend date was Monday, February 10th. This represents a $5.76 dividend on an annualized basis and a yield of 4.42%. Blackstone’s dividend payout ratio (DPR) is currently 158.68%.

Blackstone Company 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.